EP94: Lessons Learned Building A Global Ecommerce Marketplace, with the CEO of Openforvintage.com

Ecommerce growth has been pretty epic since 2019. McKinsey stated that the US experienced 10 years’ growth in just 30 days! There are two sub-trends we’re covering on this podcast episode: ecommerce marketplaces and pre-owned luxury shopping.  Linnworks consumer research found that nine out of 10 shoppers regularly started product searches on marketplaces, while figures from Mirakl show marketplaces grew 80% in the final quarter of 2020, twice the growth rate of other ecommerce channels.  We discuss the challenges of starting and scaling a marketplace for pre-owned fashion and accessories with the CEO of Open For Vintage, Colin Saunders.