secondhand fashion news and archive

ThredUp looks to raise up to 168 million dollars in IPO

Fashion resale platform ThredUp is aiming to raise up to 168 million dollars in its upcoming IPO. The US company said Thursday it plans to sell 12 million shares of its Class A common stock at a price of between 12 dollars and 14 dollars, the upper range of which would raise 168 million dollars and value the business at around 1.3 billion...

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Fashion Featured

Secondhand clothing sales are booming – and may help solve the sustainability crisis in the fashion industry

A massive force is reshaping the fashion industry: secondhand clothing. According to a new report, the U.S. secondhand clothing market is projected to more than triple in value in the next 10 years – from 28 billion dollars in 2019 to 80 billion dollars in 2029 – in a U.S. market currently worth 379 billion dollars. In 2019, secondhand clothing...

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Business

The RealReal Q1 revenues up but losses widen

San Francisco-based luxury secondhand platform The RealReal has reported widening losses in its first quarter results as the company feels the impact of Covid-19. For the three months to 31 March, losses widened to 38.3 million dollars compared to 23.2 million dollars in the same period last year. Despite that, the company’s total revenue grew...

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Business

The RealReal warns of Q1 loss, announces job cuts and furloughs

Secondhand luxury platform The RealReal has announced it is anticipating a first quarter loss and is looking at measures to cut expenses by more than 70 million dollars including cutting or furloughing staff. The San Francisco-based company said it expects its gross merchandise volume (GMV) for the three months to 31 March to grow 15 percent...

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Business

The RealReal Q4 and full-year revenues surge

Secondhand luxury platform The RealReal has reported a soaring increase in its Q4 and full-year revenues. In the fourth quarter of the fiscal year, the San Francisco-based company saw total revenues increase 57 percent year-on-year to 97.3 million US dollars, while its net loss dropped to 21.4 million US dollars from 22.2 million US dollars in...

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Retail

Mercari launches "Mercari Authenticate" service to help with luxury resale

Mercari has introduced new technology that allows it to compete with big players like The RealReal or Rebag. An online secondhand marketplace that allows users to buy and sell clothing and lifestyle items, Mercari has launched a new tool to allow shoppers more security when buying designer handbags through the platform. Called "Mercari...

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Fashion

Mercari launches "Mercari Authenticate" service to help with luxury resale

Mercari has introduced new technology that allows it to compete with big players like The RealReal or Rebag. An online secondhand marketplace that allows users to buy and sell clothing and lifestyle items, Mercari has launched a new tool to allow shoppers more security when buying designer handbags through the platform. Called "Mercari...

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Retail

Patagonia launches first-ever secondhand store

American outdoor company Patagonia is taking its commitment to sustainability to a new level. The company has opened up a brick-and-mortar counterpart to its resale program— Worn Wear—in Boulder, Colorado, where it will be active until February 2020. According to Retail Dive, the pop-up store will be exclusively stocked with Worn Wear products,...

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RetailFeatured

ThredUp's resale report uncovers truth behind holiday gifting trends

Black Friday is only a few days away, yet it is already ramping up to be a busy shopping day as retailers announce big mark-downs to drive consumers to shop. However, popular digital fashion resale platform ThredUp has published its new “Holiday Purge” data report to warn against impulse shopping through shedding light on some facts about...

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