Online vintage and resale furniture retailer Chairish is adding hundreds of thousands of European pieces to its inventory this year, building on the company’s acquisition last year of Pamono, a European luxury vintage marketplace. The marketplace offers items sourced from 2,000 high galleries, shops, editors, artisans, and designers throughout Europe, with an average of 4,000 new arrivals weekly.
As the trend of resale furnishings continues to grow, particularly in the wake of the pandemic, Chairish has seen its business grow substantially—39 percent year-over-year growth in 2020 and 54 percent year-over-year in 2021 with the acquisition of Pamono.
Part of that growth is based on an abundance of available inventory—a major plus at a time when supply chain disruptions have stretched furniture lead times from weeks to months. Chairish added 200,000 European items to its 650,000 U.S.-located pieces.
“Enabling Chairish to showcase Europe’s finest sellers is an important step forward in our quest to be the global design community’s source of the world’s finest design objects,” said Gregg Brockway, Chairish co-founder and CEO.
In September, Chairish released a Home Furnishings Resale Report commissioned in partnership with Statistica. The study found 48 percent of Americans purchased an item for their homes through resale in 2020. And from 2017 to 2024, the global resale market is expected to triple to $130.6 billion. The report also found that in 2020, online furniture and housewares sales reached $36.1 billion, an increase of 41 percent.
“Chairish is well positioned at the intersection of e-commerce and re-commerce, two seismic shifts rocking the home furnishings industry,” Brockway said. “We’ve benefited from the surge in online shopping and growing demand for vintage items, due to supply chain driven slowness on new goods and rising consumer interest in sustainability.”