Department stores make room for used fashion
NEW YORK (AP) - Department stores that have watched some of their customers flock to second-hand stores are trying to bring them back by partnering with online resale sites.
Last week, J.C. Penney and Macy's announced a pilot program to set aside sections inside a few dozen of their stores for used merchandise sold by ThredUP.
In April, Neiman Marcus bought a minority stake in Fashionphile, an online seller of pre-owned designer accessories. And this fall, it will launch shops inside some of its own stores where customers can sell used designer items to Fashionphile.
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The moves mark the most dramatic evidence of how resale is becoming so mainstream that traditional sellers can't ignore it. Analysts see the strategy as a way to drive customers into stores, but it could also undermine business.