ThredUp, the web consignment retailer, estimates international resale income will surpass $350 billion by 2027, up from $177 billion in 2022. Resale is catching on as many massive retailers undertake round enterprise fashions to advertise environmental sustainability and provide consumers high quality items in a difficult financial system.
Here’s a listing of web sites specializing in recommerce — “reverse commerce.” There are resale websites from manufacturers, marketplaces for used items, and platforms to construct branded resale websites.
Branded Resale Outlets
Patagonia’s Worn Put on accepts used Patagonia clothes and equipment in good situation. It offers prospects with a credit score of as much as $100 per merchandise, whether or not or not it sells, to make use of at Patagonia retail shops, WornWear.com, and Patagonia.com. Patagonia was an early proponent of resale. Worn Put on launched in 2013 at Patagonia pop-up occasions and have become a everlasting program in 2017, powered by resale know-how supplier Trove.
Patagonia Worn Put on
Ikea Purchase Again & Resell launched in 2021 and have become everlasting in 2022 as a part of the corporate’s effort to turn into a round by 2030. The Purchase Again & Resell service lets Ikea members promote again gently used Ikea furnishings in change for retailer credit score. The furnishings is resold within the retailer’s “as-is” part.
Lululemon’s Like New program expanded nationwide on April 12, 2022 (Earth Day). Lululemon piloted this system in 82 shops in Texas and California. Run by means of Trove, this system permits prospects to commerce in used Lululemon clothes in change for an e-gift card for use at its retail shops, on-line, or Likenew.lululemon.com. This system reinvests 100% of earnings to help Lululemon’s Influence Agenda, together with making all merchandise with sustainable supplies by 2030.
REI’s Re/Provide is a used gear program for members, who can commerce in used objects on-line, in-store, or at REI’s Re/Provide shops. Eligible trade-ins will obtain 10%-40% of the unique worth within the type of an REI reward card. REI estimates that purchasing a used product avoids 50% of carbon emissions from manufacturing.
REI Re/Provide
Rejuiced, from Juicy Couture and powered by Recurate, is a peer-to-peer resale market that permits Juicy Couture prospects to promote their used clothes and equipment immediately by means of Juicy’s ecommerce web site. Customers submit their very own product photograph, description, and worth for every merchandise, which is then authenticated and authorized by Juicy Couture to seem on the resale web page. As soon as a purchaser verifies the merchandise’s situation, the vendor is reimbursed with retailer credit score.
Athleta Preloved is a partnership between health model Athleta and ThredUp. The Preloved possibility on the Athleta web site hyperlinks to the At all times Preloved platform, the place consumers can discover a vary of gently used and discounted Athleta merchandise. Commerce-in members earn Athleta credit score for eligible objects that promote within the itemizing window. Unsold objects are reused, responsibly recycled, or returned to the proprietor.
Acutely aware Closet from Bergdorf Goodman is a brand new program for extending the helpful life of consumers’ luxurious items. This system has 5 main focuses — edit, restore, alter, resell, and provides again — leveraging a community of strategic companions and the retailer’s in-house companies to help shoppers at every stage. For the resell portion, Bergdorf Goodman is partnering with Fashionphile, a platform for getting and promoting ultra-luxury, pre-owned equipment. The partnership affords prospects round companies by enabling private consumers to facilitate the promoting of shoppers’ luxurious merchandise in change for Bergdorf Goodman reward playing cards.
Bergdorf Goodman: Acutely aware Closet
Hanna-Me-Downs is a brand new partnership of children attire model Hanna Andersson and Archive, a supplier of personalized resale marketplaces for manufacturers. Hanna-Me-Downs is a peer-to-peer market that permits prospects to purchase and promote pre-owned Hanna Andersson clothes by means of a verified platform. For the launch, Hanna Andersson provided sellers an incentive to redeem 125% of their gross sales by way of a present card on HannaAndersson.com or obtain a money fee.
Canada Goose Generations is the recommerce platform powered by Trove for Canada Goose, the efficiency luxurious outside attire maker. Constructing on the model’s mission of constructing high quality outerwear, Generations retains long-lasting Canada Goose merchandise in circulation, giving them further life by way of trade-ins whereas supporting the model’s Sustainable Influence Technique of minimizing waste.
(re)Put on Good, a brand new program from shoe firm Toms in partnership with ThredUp, affords gently-used sneakers and equipment. The resale program is a part of Toms’ environmental efforts. Clients wishing to resell objects on Toms’ resale platform can request a free clean-out label by way of the corporate’s web site. Based mostly on the objects, sellers will get an e-gift card to make use of at Toms.com.
Toms (re)Put on Good
Resale Platforms
ThredUp is a resale-as-a-service vendor that permits manufacturers to run clean-out applications and resale outlets. Manufacturers can present prospects with clean-out kits to show gently used clothes and niknaks into purchasing credit. ThredUp handles the processing, from onboarding to single-SKU pricing and order achievement.
Reflaunt is a resell know-how service for brand-powered round fashions whereby prospects can resell objects. Manufacturers can be a part of the Reflaunt distribution community or launch their very own recommerce platform.
Archive helps manufacturers launch personalized resale applications and construct circularity into their enterprise fashions. Archive affords customized peer-to-peer storefronts, in-store and mail-in take-back applications, and second-life applications for in-house stock. Archive integrates with restore, upcycling, and recycling companions, in addition to nonprofits for clothes donations.
Archive
Trove started as a peer-to-peer platform however pivoted to providing resale companies to manufacturers. These companies embrace pricing, trade-in applications, built-in storefronts, programs integration, analytics, and reverse logistics for resale applications at scale. Trove offers sustainability metrics on the merchandise degree and powers the resale websites for Patagonia, Lululemon, and Canada Goose.
Recurate was launched in 2020 to make resale simpler for manufacturers and prospects. Recurate helps three resale fashions: a peer-to-peer resale market, a take-back program to obtain stock from a vendor and ship to a purchaser, and model provide to resell returns and imperfect merchandise. Recurate has a customer support group to approve listings, resolve disputes, and extra. The platform integrates with Shopify, BigCommerce, and different ecommerce tech distributors.
Poshmark is a social peer-to-peer market for brand new and secondhand items for girls, males, children, pets, houses, and extra. Poshmark states it has 80 million registered customers throughout the U.S., Canada, and Australia, with greater than 200 million objects on the market. {The marketplace} options straightforward listings, digital purchasing events, PoshPost for pre-paid and pre-addressed delivery labels, and Posh Defend for consumers. All orders of $500 or extra are eligible for Posh Authenticate. Poshmark just lately launched Posh Reveals, a social-shopping live-stream service.
Poshmark
The RealReal, launched in 2011, is an internet market for authenticated luxurious resale and consignment. The corporate additionally has 12 retail areas within the U.S., and, in accordance with its web site, 32.5 million registered consumers all advised. The RealReal authenticates and costs consigned objects; sellers can earn as much as 85% of the promoting worth. The RealReal has launched sustainability partnerships with luxurious manufacturers Stella McCartney, Burberry, and Gucci to help biodiversity and reforestation.
Fashionphile is a reseller of pre-owned luxurious purses and equipment and an unique recommerce companion of Neiman Marcus. Fashionphile affords sellers full buy-outs on practically each merchandise, with rapid fee processing after the merchandise is authenticated. Fashionphile affords free delivery and returns and “Reserve Luxurious Layaway” to purchase an merchandise by way of installments.
Depop, a subsidiary of Etsy, is a social resale market for garments with a various group of sellers. Customers can observe associates and favourite influencers on developments and kinds. Value negotiation is a characteristic of Depop with its streamlined Make Provide possibility, which beforehand passed off informally by way of direct messages. Depop fees sellers a ten% price on gross sales.
eBay launched in 1995 and is now in 190 markets globally with roughly 1.8 billion stay listings. eBay’s first sale was a used laser pointer, and recommerce stays central to the corporate’s sustainability affect objectives. eBay just lately acquired Certilogo, a supplier of authentication instruments to extend shopper belief in manufacturers. Its eBay Ventures division has invested in Sideline Swap, a brand new and used sports activities tools market, and The Volte, a peer-to-peer platform for luxurious costume sharing.
eBay Sustainable Commerce
