Home

Tags

Resale

Resale news and archive

Madewell teams up with ThredUp for second-hand denim platform

US denim brand Madewell has launched a new second-hand fashion platform with the help of resale giant ThredUp. The new platform, called ‘Madewell Forever’, harnesses ThredUp’s resale-as-a-service (RaaS) to give preloved women’s jeans a new lease of life. Launched on Tuesday, the platform currently has over 3,000 products, with new styles added...

Jul 20, 2021

Retail

ThredUp and electronics giant LG team up for clothing clean-out program

US fashion resale platform ThredUp has teamed up with LG Electronics USA, a subsidiary of South Korean electronics giant LG, to launch a charitable apparel clean-out program. The tie-up, which marks the first time ThredUp will offer its Resale-as-a-Service (RaaS) to a non-fashion brand, aims to help consumers extend the life of their garments...

Jul 15, 2021

Fashion

Why re-sale is fashion’s most bankable new market

When Etsy snapped up Depop for 1.6 billion dollars investors took note. Dubbed the “resale home for Gen Z” by Etsy CEO Josh Silverman, the app, which counts over 30 million registered users, has enormous potential to be scaled. Expansion would see the company grow its share in a booming and growing resale market, which according to analytics...

Jun 11, 2021

Management

E-tailer Mytheresa teams up with Vestiaire Collective for resale service

Luxury fashion e-tailer Mytheresa has teamed up with resale platform Vestiaire Collective to launch a new second-hand fashion service. The tie-up will allow Mytheresa customers to use a dedicated web interface to sell their second-hand fashion - the process of which will be run by Vestiaire Collective. The programme will initially be available...

Jun 8, 2021

Management

Rent the Runway eyes 2021 IPO as it enters resale market

Fashion rental platform Rent the Runway is entering into the fast-growing resale market and is reportedly planning to float later this year in what will be the latest in a long string of fashion IPOs to take place during the pandemic. The New York-based online business is in talks with banks in preparation for a public launch that could take...

Jun 4, 2021

Business

Fashion fit for the future: The skills needed to drive clothing's circular transition

How the rise of reuse and repair models will change the landscape of the Dutch clothing industry. Countries around the world are racing to make plans to curb climate breakdown by 2050—with some spotlighting the circular economy as a means to this end. Let’s imagine a scenario thirty years in the future where circularity, supported by government...

Jun 3, 2021

News

Fashion fit for the future: The skills needed to drive clothing's circular transition

How the rise of reuse and repair models will change the landscape of the Dutch clothing industry Countries around the world are racing to make plans to curb climate breakdown by 2050—with some spotlighting the circular economy as a means to this end. Let’s imagine a scenario thirty years in the future where circularity, supported by government...

Jun 3, 2021

Business

The Untold Challenges of Secondhand fuelling Reflaunt’s Innovation

It’s Monday, 7am, and with a cup of freshly brewed coffee, I’ve gone back to the drawing board. I’ve listed my biggest challenges and hindrances to growing my 3-year-old marketplace, StyleTribute, a Southeast Asian pioneer in secondhand luxury. My whiteboard now reads: • How do we scale the supply of inventory and acquire new sellers? • How do...

May 7, 2021

Business

Secondhand Buying and Selling Expands Customer Experience

As companies like the Real Real, 1st Dibs and DePop continue to make market share inroads when it comes to overall apparel and accessory sales, two key areas of conversation have emerged. One focuses on who has the right in a secondary market to sell certain brands. Most notably, Chanel has filed three lawsuits against The RealReal and 15 cease...

Apr 22, 2021

Podcast

When the Past May Drive the Future

In this episode, “When the Past May Drive the Future” we explore how brands might expand lifetime customer engagement through the buying and selling of secondhand goods.

Apr 22, 2021

Business

Building the business case for circular business models. Part 1: Resale

The potential of circular business models continues to grow in the apparel market—more and more rental and resale experiments and pilots are being launched and market growth is outpacing traditional retail. Nevertheless, for brands looking to design and launch a circular business model, there are many real and perceived barriers associated with...

Mar 18, 2021

Retail

The world is in lockdown, yet retailers are opening new stores

The importance of brick-and-mortar retail is often questioned amid the rise of e-commerce. Consumers have increasingly favored the ease and convenience that comes with digital retail for several years, and as the pandemic forced almost all retailers to turn towards a digital-only approach for several months of 2020, the future of in-person...

Mar 17, 2021