H&M’s online second-hand shop Sellpy launches in Germany, Retail News, ET Retail

STOCKHOLM : Swedish on the web next-hand shop Sellpy, which is vast majority-owned by manner big H&M, has introduced in Germany in a first stage exterior its house industry as it bets on customers trending towards far more sustainable usage.

The commence-up handles the complete product sales method from picking up the goods from sellers’ properties, to photographing, marketing and shipping.

Sellpy introduced in Might that it would double its warehouse ability in Sweden, to near eight million things on a yearly basis, owing to robust demand. Given that Sellpy’s foundation in 2014, far more than 6 million things have been marketed as a result of the system, it reported.

The next-hand industry is a single of the speediest developing financial sectors in the manner business, Sellpy and H&M reported in a joint assertion on Monday.

H&M first invested in Sellpy in 2015 and now holds a 70% stake.

“We

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