Rag News: July 2020
The Rise of Second-hand Clothing Second-hand clothing has been on the rise in the recent years, but in the next 2-5 years it’s forecasted to increase exponentially. The second-hand clothing market is projected to grow up to $51 billion in the next five years. As the market increases, big box retailers see the potential […]
Rag News: June 2020
The truth about COVID-19 on second-hand clothing. It is normal to wonder whether it is safe to buy and use second-hand clothing during this pandemic. Many must be asking themselves “Can the virus be spread through clothes?” The Bureau of International Recycling argues that it is unlikely that second-hand clothing can be infected by […]
Rag News: May 2020
What is going on in the Marketplace? Great Toronto Area (GTA): Ontario government extended the shutdown until the end of May. Graders will need to sort through thousands of pounds in sitting inventory, once they reopen. There could be a reluctance to buy early on, until end markets stabilize. Texas: Businesses opening back up, […]
Rag News: Special Coronavirus Edition
The Effects of Coronavirus on the Market Without a doubt, this Pandemic has had a major effect on many countries and economies around the world. The global economy has taken a major hit. People are spending less, and more people have become unemployed due to business closures. Not only have there been macro-economic effects […]
Rag News: April 2020
Bank & Vogue presents the Rag News, the source of the hottest news to keep up-to-date on the global used goods industry. “Bank and Vogue is running and fully committed to supporting all our customers and vendors” – Steven Bethell What is going on in the marketplace? Great Toronto Area (GTA) […]
Rag News: March 2020
The Footwear Industry: Change for the better In the recent years, more and more companies around the world have been adapting innovative and sustainable measures in the creation of their products. Some major companies in the footwear industry, have made a tremendous change in their narrative for all sustainability matters. Specifically, companies like Adidas, […]
Rag News: February 2020
The Future of Circular Fashion The future of our world has always been in our own hands and continues to be. However, the world is now beginning to realize the importance of Circular Fashion. Circular Fashion is the future for our planet, and without it our planet may not survive. The amount of […]
The Global Market for Used Shoes in 2020
Climate change and pollution have been the most heavily debated topics in the past few years, and at Bank & Vogue we recognize the need to take care of our environment if we want our environment to take care of us. One of the industries that has the a significant effect on our environment today […]
Rag News: November 2019
Ho-Ho-Ho Hints from the Rag News Elf on the Shelf As the Christmas season approaches, we asked the Rag News Elf for a few revenue-building tips for thrifts. Here is the list: – Create an in-store Christmas Shoppe and keep it well organized since most shoppers have limited time during the Holiday season. Display […]
Rag News: October 2019
Size “of the Bale” Matters In the wholesale of mixed rags and credentials, the size of the bales matter a great deal! Whether you use a vertical (down-stroke) or a horizontal baler, the dimensions of the bales will impact the weight of the load. While the industry standard aims for 1,000 pound bales, most sellers make bales […]
