Opening of Gwanggyo Refurbished Shop Specializing in Infants and Children... 80% Discount Compared to Regular Price

Reference photo of Gwanggyo branch refurb store

[Asia Economy Reporter Cha Min-young] Lotte Outlet Gwanggyo Branch announced on the 29th that it will hold the country's first offline pop-up store of the secondhand refurbishing specialized application ‘Thank You Market’ until the 31st of next month.

Thank You Market is the only domestic brand specializing in secondhand & refurbished baby and children's products. Recently, it has been highly favored by millennial customers who pursue value consumption, growing rapidly by 40% annually as an online platform brand. It offers a full lineup across all baby and children's categories, from baby toys, playthings, strollers, and maternity products to clothing. For secondhand products, it takes responsibility for processes such as in-house inspection, cleaning, and packaging.

The Thank You Market Gwanggyo pop-up store mainly sells refurbished products such as secondhand items and products returned due to simple change of mind. Customers can purchase S-grade items, which look like new despite being secondhand, at prices discounted up to about 80% compared to the original price. Additionally, the pop-up store venue is organized into four categories: toys, baby products, strollers, and car seats.

To commemorate the opening of the pop-up store, various refurbished products are prepared and sold. Representative products include the ‘Fisher-Price Learning Home,’ discounted about 80% from the original price of 240,000 KRW, and the ‘Mimajari Stroller,’ sold at around 500,000 KRW after an approximately 80% discount from the original price of 2,600,000 KRW.

Meanwhile, since October last year, Lotte Department Store has been operating refurbishing specialty stores focused on daily necessities and electronics, such as ‘Price Holic’ at Lotte Outlet Gwanggyo and ‘Re:Think’ at Lotte Outlet Gwangmyeong.

Kim Sun-yeop, Chief Buyer at Lotte Department Store, said, “Following the market trend where secondhand and refurbished transactions for baby and children's products, which are strongly used for usage rather than ownership, are expanding, we have opened a refurbishing specialty shop at Lotte Gwanggyo Outlet. To meet the needs of millennial parent customers, we will continue to expand specialized refurbished stores for baby and children's products in the future.”

This content was produced with the assistance of AI translation services.