The Indicator | January 3rd, 2025

● The three biggest retailers by revenue in the U.S. — Costco, Walmart, and Amazon accounted for about 11% of total retail sales back in 2014. Their share of the market has been growing since then. In their last three reported quarters, they made up about 17% of retail sales and roughly 57% of retail sales growth over that period. (WSJ)

● Brick-and-mortar resale is flourishing, with the number of shops dealing in secondhand sales and consignment growing 7 percent over the past two years. Greater cultural acceptance of buying used among Gen-Z consumers and increasing economic pressure make it likely that resale will continue to grow. (Business of Fashion)

● Legacy Apparel brands like Abercrombie & Fitch, Gap, Levi’s, and Anthropologie that were popular two decades ago are making a comeback. In November 2024, Abercrombie & Fitch reported record third-quarter net sales of $1.2 billion, up 14% from a year before. Gap Inc. raised its full-year outlook for its fiscal 2024 year, while Levi Strauss & Co. said its third-quarter net income was $21 million, a 110% increase from a year prior. These brands are reaping the rewards of changes made over the past few years, including releasing modern styles, adding inclusive sizing and working with more influencers. (Modern Retail) 

● Budget-conscious buyers looking for luxury alternatives have flocked to Walmart’s $78 Birkin bag look-alike, nicknamed the “Wirkin.” The bag has gained significant traction on social media, with many influencers and fashion enthusiasts sharing their finds online. (CNN)