Clear Street Cuts Jobs in UK Unit Less Than a Year After Launch
The New York-based company announced the launch of Clear Street UK in December following approval from the Financial Conduct Authority, saying it was joining the London Metal Exchange.
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Yahoo
11 minutes ago
- Yahoo
Second-hand Homeware Market Trends and Growth Drivers 2025-2034 - Top Companies Transforming the Industry with AI and Strategic Partnerships
Surge in Conscious Consumerism Drives Growth in Second-Hand Homeware Market Amid Sustainability Trends and Digital Innovation Second-hand Homeware Market Dublin, Aug. 07, 2025 (GLOBE NEWSWIRE) -- The "Second-hand Homeware Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" has been added to offering. The Global Second-Hand Homeware Market was valued at USD 29.9 billion in 2024 and is estimated to grow at a CAGR of 5.5% to reach USD 50.9 billion by 2034. This upward trajectory reflects a transformative shift in consumer behavior, driven by growing awareness of environmental concerns and a push toward sustainable living. As shoppers worldwide become more mindful of their ecological footprint, they're turning to second-hand options as a meaningful way to reduce waste and extend the lifecycle of products. The appeal of pre-owned homeware lies not only in its affordability but also in its character, uniqueness, and contribution to circular consumption. Consumers today are more conscious than ever of how their purchases impact the environment and intentionally seek products aligning with a greener lifestyle. With inflation and economic uncertainties shaping buying habits, second-hand home furnishings offer a budget-friendly alternative without compromising style or quality. Vintage designs, high-quality craftsmanship, and the thrill of discovering one-of-a-kind items make this market segment especially appealing to both millennials and Gen Z buyers who value authenticity and sustainability. The shift toward minimalism, combined with the influence of social media aesthetics and home styling trends, further fuels the desire for curated second-hand pieces that enhance living spaces while supporting eco-conscious values. Digital platforms are playing a key role in propelling this market forward by simplifying the buying and selling process with intuitive interfaces, secure payment systems, and streamlined logistics. Buyers favor platforms that deliver quick access to listings, reliable delivery options, and seamless customer experiences. The convenience factor and the desire to make responsible purchasing decisions make online marketplaces the preferred choice for many. As lifestyles become increasingly flexible, especially in urban environments, consumers lean into temporary, adaptable, and cost-effective furniture solutions. This has led to a growing reliance on second-hand goods to furnish homes, apartments, and rentals without the high costs associated with new products. In 2024, the furniture category led the second-hand homeware market, generating USD 13.2 billion in revenue, and is projected to expand at a CAGR of 5.8% through 2034. Furniture remains a standout performer due to strong consumer interest in items built to last and visually distinctive. There's a rising appreciation for vintage aesthetics and well-made pieces such as sofas, tables, beds, chairs, and storage units. Buyers actively seek furniture that brings a sense of personality into their living spaces, with the added benefit of reducing their environmental impact. The emphasis on quality over quantity and the desire for unique, story-rich homeware have created a thriving marketplace for reused goods. The market is segmented by product condition into used and new (unused), with used items continuing to dominate. In 2024, used homeware held a 71.3% market share and is expected to grow at a CAGR of 5.5% through 2034. Consumers gravitate toward gently used pieces to save money and align with a growing commitment to sustainability and intentional consumption. Retailers and platforms are responding by launching certified pre-owned programs, encouraging trade-ins, and providing resale-friendly policies. These initiatives extend the lifespan of household items and support the broader movement toward waste reduction and responsible sourcing. The United States Second-Hand Homeware Market generated USD 8.7 billion in 2024 and is forecast to grow at a CAGR of 5.8% through 2034. The trend is especially prominent in major urban areas, where space constraints and fast-paced lifestyles demand affordable, compact, and multi-functional furniture. The rise of short-term rentals, mobile living, and digital nomadism has led to an increased reliance on local resale platforms and online marketplaces. These tools give consumers convenient, low-cost access to quality homeware, supporting the local circular economy while helping reduce landfill waste. Leading companies shaping the global second-hand homeware space include Wayfair, Mercari, Letgo, AptDeco, Rejuvenation, Kaiyo, The RealReal, Goodwill Industries International, eBay, OfferUp, Vinterior Group, Chairish, 1stDibs, IKEA Retail, and Trove Marketplace. These businesses leverage strategic partnerships with retailers and logistics providers to enhance efficiency and platform usability. Many are integrating AI-based features to deliver personalized recommendations while boosting consumer trust through verified listings and quality checks. By launching mobile apps, digital campaigns, and even furniture rental and subscription models, these companies connect with sustainability-focused consumers across demographics, expanding their reach in a competitive, rapidly evolving marketplace. Comprehensive Market Analysis and Forecast Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape Competitive landscape with Porter's Five Forces and PESTEL analysis Market size, segmentation, and regional forecasts In-depth company profiles, business strategies, financial insights, and SWOT analysis Key Attributes Report Attribute Details No. of Pages 225 Forecast Period 2024-2034 Estimated Market Value (USD) in 2024 $29.9 Billion Forecasted Market Value (USD) by 2034 $50.9 Billion Compound Annual Growth Rate 5.5% Regions Covered Global Key Topics CoveredChapter 1 Methodology & ScopeChapter 2 Executive Summary2.1 Industry 360 degree synopsis, 2021-2034Chapter 3 Industry Insights3.1 Industry ecosystem analysis3.2 Trump administration tariffs analysis3.2.1 Impact on trade3.2.1.1 Trade volume disruptions3.2.1.2 Retaliatory measures3.2.2 Impact on the industry3.2.2.1 Supply-Side Impact (Raw Materials)3.2.2.2 Price volatility in key materials3.2.2.3 Supply chain restructuring3.2.2.4 Production cost implications3.2.2.5 Demand-Side Impact (Selling Price)3.2.2.6 Price transmission to end markets3.2.2.7 Market share dynamics3.2.2.8 Consumer response patterns3.2.3 Key companies impacted3.2.4 Strategic industry responses3.2.4.1 Supply chain reconfiguration3.2.4.2 Pricing and product strategies3.2.4.3 Policy engagement3.2.5 Outlook and future considerations3.3 Supplier landscape3.4 Pricing analysis3.5 Technology & innovation landscape3.6 Key news & initiatives3.7 Regulatory landscape3.8 Manufacturers3.9 Distributors3.10 Retailers3.11 Impact forces3.11.1 Growth drivers3.11.1.1 Sustainability and environmental concerns3.11.1.2 Increased acceptance of pre-owned goods3.11.2 Industry pitfalls & challenges3.11.2.1 Limited availability and selection3.12 Growth potential analysis3.13 Porter's analysis3.14 PESTEL analysisChapter 4 Competitive Landscape, 20244.1 Introduction4.2 Company market share analysis4.3 Competitive positioning matrix4.4 Strategic outlook matrixChapter 5 Market Estimates & Forecast, by Product Type, 2021-2034, (USD Billion) (Million Units)5.1 Key trends5.2 Furniture5.2.1 Sofa5.2.2 Chairs5.2.3 Tables5.2.4 Beds5.2.5 Dressers5.2.6 Others5.3 Home decor5.3.1 Wall art5.3.2 Mirror5.3.3 Carpet & rugs5.3.4 Others5.4 Kitchenware5.4.1 Cookware5.4.2 Bakeware5.4.3 Dinnerware5.4.4 Others5.5 Tableware5.6 Textiles5.7 OthersChapter 6 Market Estimates & Forecast, by Condition, 2021-2034 (USD Billion) (Million Units)6.1 Key trends6.2 New (unused)6.3 Used6.3.1 Excellent condition6.3.2 Good condition6.3.3 Fair condition6.3.4 Poor conditionChapter 7 Market Estimates & Forecast, by Price Range, 2021-2034 (USD Billion) (Million Units)7.1 Key trends7.2 Fixed7.3 Auction7.4 NegotiableChapter 8 Market Estimates & Forecast, by Distribution Channel, 2021-2034 (USD Billion) (Million Units)8.1 Key trends8.2 Online8.2.1 E-commerce8.2.2 Company website8.3 Offline8.3.1 Consignment shops8.3.2 Thrift stores8.3.3 Other physical stores (pop-up shops, etc.)Chapter 9 Market Estimates & Forecast, by Region, 2021-2034 (USD Billion) (Million Units)9.1 Key trends9.2 North America9.2.1 U.S.9.2.2 Canada9.3 Europe9.3.1 UK9.3.2 Germany9.3.3 France9.3.4 Italy9.3.5 Spain9.4 Asia-Pacific9.4.1 China9.4.2 India9.4.3 Japan9.4.4 South Korea9.5 Latin America9.5.1 Brazil9.5.2 Mexico9.6 MEA9.6.1 South Africa9.6.2 Saudi Arabia9.6.3 UAEChapter 10 Company Profiles10.1 1stDibs10.2 AptDeco10.3 Chairish10.4 eBay10.5 Goodwill Industries International10.6 IKEA Retail10.7 Kaiyo10.8 Letgo10.9 Mercari10.10 OfferUp10.11 Rejuvenation10.12 The RealReal10.13 Trove marketplace10.14 Vinterior Group10.15 WayfairFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Second-hand Homeware Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
14 minutes ago
- Forbes
Deliveroo Hikes Earnings Guidance On Robust H1 Revenue Growth
More resilient consumer spending helped food delivery giant Deliveroo record a strong first half and upgrade its earnings forecasts for the full year. At 177p per share, Deliveroo's share price was unchanged on the news. The food delivery giant – which in May agreed to a $3.9 billion takeover by US rival DoorDash – said that revenues rose 8% between January and June, to £1 billion. At constant currencies growth was slightly higher at 9%. Gross transaction value (GTV), meanwhile, was up 9% at both reported and constant currencies, at £3.8 billion. This metric reflects the total amount customers pay, and is inclusive of food costs, delivery charges and taxes. Deliveroo said first-half takings were 'driven by further execution on our growth initiatives and a more resilient than expected consumer.' Order numbers improved 8% year on year to 147 million. GTV per order rose 1% at reported currencies and 2% at stable exchange rates, to £25.80. Adjusted EBITDA increased 46% over the period to 46%. However, the firm swung to a loss of £19.2 million from a profit of £1.3 million in the same 2024 period. It said this swing primarily reflected 'higher exceptional items relating to costs associated with the DoorDash acquisition.' Growth Accelerates Deliveroo said its first-half numbers were 'driven by further execution on our growth initiatives and a more resilient than expected consumer.' The business said that growth in order numbers accelerated to 8% in quarter two from 7% in the prior three months. GTV growth at constant currencies came in at 10% in the last quarter versus 9% in quarter one. Revenue rose to 9% from 8% on the same basis. Deliveroo said it now expects full-year GTV growth at constant currencies 'around the top end of the previously-guided range of high single-digits percentage growth.' Adjusted EBITDA, meanwhile, is expected to be 'in the upper half of the previously-guided range of £170-190 million.' This boost to forecasts reflects the company's strong first half, it said, along with the weighting of earlier investments during the second half. 'Highly Encouraging' Deliveroo founder and chief executive Will Shu commented that described the first-half performance as 'highly encouraging.' He commented that 'consumer engagement is encouraging, with order frequency and retention continuing to improve across all cohorts.' Shu added that 'both growth and profitability are accelerating [and] we are delivering on our mission to change the way people shop and eat and to bring the neighborhood to people's doors.' Deliveroo said its acquisition by DoorDash is proceeding as predicted. It expects the deal to close out in the fourth quarter pending regulatory approval. Food Delivery 'Here To Stay' Analyst Adam Vettese of eToro noted that 'Deliveroo is showing once again that online food delivery is here to stay,' and added that 'its latest update demonstrates a decisive step forward both operationally and strategically.' He noted that international markets like the United Arab Emirates (UAE) and Italy are 'thriving,' complementing growth at its core UK and Ireland territory. Vettese added that 'there is little movement in shares this morning due to the ongoing acquisition by DoorDash but overall Deliveroo will be a robust addition to the group if it carries on this trajectory.'
New York Times
14 minutes ago
- New York Times
Al Hilal agree deal with Liverpool for striker Darwin Nunez
Darwin Nunez is set to undergo a medical after Liverpool agreed a fee of €53million plus bonuses with Saudi Pro League outfit Al-Hilal for the Uruguayan striker. It brings to an end Nunez's three-year stay at Anfield after arriving from Benfica for an initial fee of €75 million in 2022. The 26-year-old came close to leaving in January but Liverpool rejected an approach to sign him from Al-Nassr as they prioritised winning the Premier League title. Advertisement They believe that approach was vindicated as he made a number of vital contributions en route to being crowned champions. Nunez wanted to pursue a move in January and this summer his agent reiterated that desire to embark on a new challenge after finding his game time limited under Arne Slot. Nunez has been given permission by Liverpool to travel to Germany, where Al-Hilal are based for a training camp, to undergo his medical. The Athletic reported on Wednesday that the Saudi Pro League club had reached an agreement in principle to sign Nunez, with a deal worth €53million plus add-ons had struck verbally. Milan also showed an interest in signing Nunez, though it was considered unlikely that the Serie A club would be able to match Al Hilal's financial package. Liverpool rejected a bid for the forward from Saudi Pro League side Al Nassr in January worth around €70million (£60m, $81m). The striker made 143 appearances for the club following his move from Benfica in 2022. He played in 30 league games last season but only eight of those came as a starter, scoring five times in the club's Premier League title-winning campaign. Liverpool have strengthened in forward areas this summer with the addition of Hugo Ekitike from Eintracht Frankfurt, and have also had a £110million bid for Newcastle United striker Alexander Isak rejected. Spot the pattern. Connect the terms Find the hidden link between sports terms Play today's puzzle
