After launching a childrenswear department at the beginning of the summer, luxury department store Harvey Nichols is now offering a resale drop-off point for pre-loved kids’ clothing. The British retailer has linked up with second-hand childrenswear marketplace Kids o’Clock for the new service, which will see Harvey Nichols customers receive...
13 Sep 2021
Re-commerce company Trove, whose technology powers the resale services of brands like Lululemon, Patagonia, Nordstrom, Levi’s and Eileen Fisher, has secured 77.5 million dollars in Series D funding. The round was led by G2 Venture Partners, with other participants including Bank of Montreal, Capital One Ventures, Commerce Ventures and Wellington...
26 Aug 2021
Another day, another resale platform. This time it’s US fashion giant Urban Outfitters set to step up its presence in the red-hot second-hand fashion market with plans to introduce its own platform, Nuuly Thrift. Launching in the fall, the platform will offer consumers the opportunity to buy or sell women's, men's and kids' apparel and...
24 Aug 2021
Swedish retail giant H&M is launching its own second-hand fashion platform in Canada next month as it continues to expand its presence in the red-hot resell market. The new platform, called H&M Rewear, is a “one-stop digital customer to customer (C2C) resell destination” powered by London-based Resale-as-a-Service (RaaS) technology company...
16 Aug 2021
US second-hand fashion platform Poshmark has reported a 22 percent increase in net revenue in the second quarter of the year. For the three months to June 30, revenue increased to 81.76 million dollars compared to 66.87 million dollars a year earlier as its trailing 12 months active buyer numbers increased 16 percent to 7 million. Gross...
11 Aug 2021
Second-hand fashion platform ThredUp has reported a 26.7 percent increase in revenue in the second quarter of the year as the red-hot resale market continues to grow. For the three months to June 30, the company’s revenue was ahead of expectation, hitting 59.96 million dollars, up from 47.34 million dollars a year earlier, which CEO and...
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...
20 Jul 2021
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...
15 Jul 2021
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...
8 Jun 2021
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...
4 Jun 2021
Second-hand fashion marketplace Vinted has launched in Canada weeks after raising 250 million euros in funding. “To us, Canada is a great market fit, and an exciting next milestone on our mission to make second-hand fashion the first choice worldwide,” said Vinted CEO Thomas Plantenga [pictured] in a release. The launch marks a turning point in...
26 May 2021
Second-hand fashion marketplace Vinted has raised 250 million euros in a series F funding round led by investment firm EQT Growth. This latest funding values the Lithuania-headquartered company at 3.5 billion euros, up from the 1.1 billion euro valuation it was given following its last fundraising in November 2019. Vinted CEO Thomas Plantenga...
12 May 2021
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