We all know resale has emerged as a major shopping category over the past few years, but did you know just how big it is and what’s working for consumers right now?

Well, according to a new report by Morning Consult, about half (46%) of adults in the US have purchased something secondhand, while 26% have sold a secondhand product in the last three months.

Naturally, some categories are doing better than others, like clothing which topped the list (67%), followed by products including books, games, and furniture. But when it came to apparel, most shoppers were likely to spend $50 or less on it unless it was a luxury item.

“The way we treat apparel has changed so dramatically in the last few decades that it is seen as more of a ‘one and done,’ or just wear something a few times and then move on from it, as opposed to just having a much smaller wardrobe,” Claire Tassin, Morning Consult’s retail and e-commerce analyst who also authored the report, told Retail Brew. “There’s just a lot of desire to always have something new, and then when stuff does make it into the secondhand market, then there’s a lot of appetite to buy that.”

Keep reading here.—JS

This week, PepsiCo announced plans to grow its snack portfolio with the acquisition of Mexican American food brand Siete Foods for $1.2 billion.

While CEO and co-founder Miguel Garza said in a press release that the company is “excited to embrace a new era with PepsiCo and bring our inclusive, better-for-you products to more people,” some consumers have expressed concern over the deal.

The family-run brand, founded in 2014 in Austin, Texas by the Garza family, offers products like grain-free tortillas and tortilla chips, salsa, seasonings, and cookies. It’s distributed across 40,000 retailers, including Target, Kroger, and Walmart stores.

In the press release, PepsiCo Chairman and CEO Ramon Laguarta said, “PepsiCo believes in the spirit and authenticity of the Siete brand, and we're excited to carry on the legacy created by the Garza family.”

Since the news broke, some consumers have taken to social media to bemoan the deal.

Keep reading here.—EC

This week in fashion news: An iconic Parisian label sees a shocking exit and replacement, and LVMH finds a new partner.

Celine has a new artistic director

French luxury brand Celine has a new artistic director—Michael Rider, who exited his role as creative director at Polo Ralph Lauren this year after previously having worked at Celine, is replacing renowned designer Hedi Slimane, who announced his surprise departure from the position just hours earlier.

“Michael’s vision, creative talent, together with his genuine nature and strong connection to Celine’s heritage, make him a natural choice to continue to build a long-lasting success for the maison,” Celine chief executive Séverine Merle said in a statement.

Why this matters: Major executive changes continue to dominate fashion. In recent months, both Burberry and Tom Ford announced a new CEO and creative director, respectively. More recently, Alberta Ferretti departed her namesake label, without a successor.

Keep reading here.—JS