What is recommerce?

Recommerce, short for 'reverse commerce,' refers to the buying and selling of pre-owned, refurbished, or repaired goods, typically through online platforms. It is part of the circular economy and aims to extend the lifecycle of products by reselling them instead of discarding them. Recommerce is popular in sectors like electronics, fashion, and furniture, offering consumers sustainable and often more affordable alternatives to new items. This model not only reduces environmental impact but also creates new business opportunities and jobs in refurbishment, logistics, and resale.