East Valley Business - 09.27.20

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east valley

Volume 3 Issue 11 Mesa, AZ

September 27, 2020

Online consignment shopping surges here BY KRISTINE CANNON Tribune Staff Writer

S

IN THE BIZ

hoppers may not be keen to rummage through racks at secondhand stores for clothing, but used furniture sales and consignments are going through the roof. Shoppers are also spending more time shopping high-end, luxury secondhand treasures online and on social media, two Scottsdale-based consignment store owners report. “My Sister’s Attic, which is our furniture and home furnishing store, is doing really well. It actually beat last year’s comp sales, which in a time like this is unheard of,” said Ann Siner, CEO and cofounder of consignment retail stores My Sister’s Closet, My Sister’s Attic and Well Suited. Less than a mile south of My Sister’s Closet’s Lincoln Village store, To Be Continued has also seen success amid the COVID-19 crisis. Since pivoting to Instagram and turning its brick-and-mortar store into a hybrid online destination, the luxury consignment store at the Shops at Hilton Village has seen a 57 percent year-overyear growth since the onset of the pandemic and a monthly increase of 1,000 followers on Instagram. “At the onset of the pandemic in March, everything came to a screeching halt as we were suddenly unable to service our client base who regularly traveled to our brick-and-mortar locations to buy Public Notices ............... page 2 © Copyright, 2020 East Valley Tribune

Scottsdale-based luxury consignment store To Be Continued saw 57 percent year-over-year growth since the onset of the pandemic, thanks to its social media and online presence. (Special to the Tribune)

and sell their luxury goods. So, we had to think quickly and strategically,” said Chrissy Sayare, co-owner of To Be Continued. That meant focusing on their digital presence and offering virtual styling sessions through Instagram Stories in order to consign their designer handbags, apparel, shoes, accessories and more to those shopping from home. “We’ve been able to access clients from all over the world that are purchasing our products in real time,” Sayare said. “Over the last few months, we’ve shipped Louis Vuitton and Prada bags to the beaches of Turk and Caicos, Hermes handbags to (USPS 004-616) is published weekly

Mailing Address: 1620 W. Fountainhead Pkwy., Suite 219, Tempe, AZ 85282

(480) 898-6500 Steven Strickbine, publisher Paul Maryniak, executive editor

Hong Kong and a Karl Lagerfeld vintage handbag to the head handbag designer for Chanel in Paris. It’s truly amazing to see the demand during these times.” According to research from Future Market Insights, a retail analytics firm, online resellers – think Poshmark and Thredup – are expected to jump from $30 million in sales in the United States in 2020 to $70 million by 2027. Traditional in-store thrift and resale, however, are expected to drop from $57 million in 2020 to $50 million by 2027. As Siner embraced social media and expanded their virtual presence, offering FaceTime shopping for their customers, Subscriptions are $26 for 2 years, $14 for one year. Periodicals postage paid at Phoenix, AZ 85026.

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