ThredUp, the net consignment retailer, estimates world 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 supply buyers high quality items in a difficult financial system.
Here’s a record 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 Retailers
Patagonia’s Worn Put on accepts used Patagonia clothes and kit in good situation. It gives clients 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 expertise 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 grow to be 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 way of Trove, this system permits clients 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 income to assist 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 gadgets on-line, in-store, or at REI’s Re/Provide shops. Eligible trade-ins will obtain 10%-40% of the unique value within the type of an REI present 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 clients to promote their used clothes and equipment immediately by way of Juicy’s ecommerce web site. Customers submit their very own product photograph, description, and value for every merchandise, which is then authenticated and authorized by Juicy Couture to look 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 choice on the Athleta web site hyperlinks to the All the time Preloved platform, the place buyers can discover a vary of gently used and discounted Athleta merchandise. Commerce-in individuals earn Athleta credit score for eligible gadgets that promote within the itemizing window. Unsold gadgets 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 shoppers’ 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 provides clients round companies by enabling private buyers to facilitate the promoting of shoppers’ luxurious merchandise in change for Bergdorf Goodman present playing cards.
Bergdorf Goodman: Acutely aware Closet
Hanna-Me-Downs is a brand new partnership of youngsters 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 clients to purchase and promote pre-owned Hanna Andersson clothes by way of a verified platform. For the launch, Hanna Andersson provided sellers an incentive to redeem 125% of their gross sales through a present card on HannaAndersson.com or obtain a money cost.
Canada Goose Generations is the recommerce platform powered by Trove for Canada Goose, the efficiency luxurious out of doors attire maker. Constructing on the model’s mission of constructing high quality outerwear, Generations retains long-lasting Canada Goose merchandise in circulation, giving them extra life through 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, provides gently-used sneakers and equipment. The resale program is a part of Toms’ environmental efforts. Prospects wishing to resell gadgets on Toms’ resale platform can request a free clean-out label through the corporate’s web site. Primarily based on the gadgets, 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 allows manufacturers to run clean-out applications and resale retailers. Manufacturers can present clients with clean-out kits to show gently used clothes and niknaks into buying credit. ThredUp handles the processing, from onboarding to single-SKU pricing and order success.
Reflaunt is a resell expertise service for brand-powered round fashions whereby clients can resell gadgets. 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 provides 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, methods integration, analytics, and reverse logistics for resale applications at scale. Trove gives 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 clients. 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 crew 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 spanking 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 gadgets on the market. {The marketplace} options simple listings, digital buying events, PoshPost for pre-paid and pre-addressed transport 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 a web based market for authenticated luxurious resale and consignment. The corporate additionally has 12 retail places within the U.S., and, in keeping with its web site, 32.5 million registered buyers all advised. The RealReal authenticates and costs consigned gadgets; sellers can earn as much as 85% of the promoting value. The RealReal has launched sustainability partnerships with luxurious manufacturers Stella McCartney, Burberry, and Gucci to assist biodiversity and reforestation.
Fashionphile is a reseller of pre-owned luxurious purses and equipment and an unique recommerce accomplice of Neiman Marcus. Fashionphile provides sellers full buy-outs on practically each merchandise, with speedy cost processing after the merchandise is authenticated. Fashionphile provides free transport and returns and “Reserve Luxurious Layaway” to purchase an merchandise through installments.
Depop, a subsidiary of Etsy, is a social resale market for garments with a various group of sellers. Customers can comply with mates and favourite influencers on tendencies and kinds. Worth negotiation is a function of Depop with its streamlined Make Supply choice, which beforehand passed off informally through direct messages. Depop fees sellers a ten% charge 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 client 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 gown sharing.
eBay Sustainable Commerce
