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3 Mins Read ThredUP, the world’s biggest online consignment platform, has just revealed the latest results in its 2020 Resale Report in partnership with independent market research firm GlobalData. The report shows that far from taking a hit from the economic volatility, the online resale market has been booming despite the coronavirus pandemic. Released today (June 30), thredUP’s […]
3 Mins Read American multinational retail chain Walmart has just become the latest company to jump into the resale trend in a new partnership with secondhand apparel platform thredUP. Customers will be able to choose through thousands of preloved items for women and children on Walmart’s e-commerce site for a discounted price. It comes after multiple fashion brands […]
3 Mins Read Luxury handbag resale platform Rebag has just raised US$15 million in its latest Series D round of funding. The new capital will allow the company to further develop its proprietary software to determine resale value of products, as well as scale-up its recently launched resale-rental Infinity Program. The successful round of financing in spite of […]
3 Mins Read Amidst the global campaign Fashion Revolution Week, Paris-based resale fashion online platform Vestiaire Collective announced today that it has landed US$64 million in new funding. The latest injection of capital was financed by both existing shareholders and new investors including Korean tech company Naver-backed Korelya Capital and specialist female-led consumer fund Vaultier. Vestiaire Collective says […]
3 Mins Read Luxury handbag resale platform Rebag has just launched a new programme that lets customers exchange a recent preloved purchase for another bag. The programme takes the circular fashion approach to the next level by incentivising consumers to continuously recycle goods, creating a cycle between resale and rental that keeps items out of landfills as long […]
3 Mins Read Gap has become the latest retailer to hop on the secondhand resale market, following multiple high-profile players looking to stay relevant and cash-in on shifting consumer tastes for sustainable fashion. In partnership with one of the world’s biggest thrift consignment platforms thredUP, customers can mail in their clothes for donation in exchange for credits to […]
3 Mins Read ThredUP, the world’s largest fashion resale platform, has just launched a new tool called the Fashion Footprint Calculator to help customers understand the environmental cost of their fashion choices. Developed in collaboration with California-based carbon calculating startup Green Story, the tool estimates users’ personal environmental impact based on how they shop and take care of […]
4 Mins Read W Hotels, the global hotel chain owned by Marriott International, has just launched a Closet Concierge in partnership with subscription platform Rent the Runway. Guests can now have their Rent the Runway customised orders delivered directly to their hotel rooms at select W Hotel locations, lightening their baggage load and reducing the need to shop […]