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A reseller is a company or individual (merchant) that purchases goods or services with the intention of selling them rather than consuming or using them. Individual resellers are often referred to as middle men. This is usually done for profit. One example can be found in the industry of telecommunications, where companies buy excess amounts of transmission capacity or call time from other carriers and resell it to smaller carriers. Resale can be seen in everyday life from yard sales to selling used cars.
Thrift store chic refers to a style of dressing where clothes are cheap and/or used. Clothes are often purchased from thrift stores such as the Salvation Army, Goodwill, or Value Village. Originally popular among the hippies of the 1960s, this fashion movement resurfaced during the mid-1980s among teenagers, and expanded into the 1990s with the growing popularity of such music and style influences including the grunge band Nirvana. Thrift store chic can be considered as an anti-fashion statement because it does not follow fashion trends and does not attempt to look expensive or new.
Vintage clothing is a generic term for garments originating from a previous era, as recent as the 1990s. The term can also be applied in reference to second-hand retail outlets, e.g. in vintage clothing store. While the concept originated during World War I as a response to textile shortages, vintage dressing encompasses choosing accessories, mixing vintage garments with new, as well as creating an ensemble of various styles and periods. Vintage clothes typically sell at low prices for high-end name brands.
A second-hand shop is a shop which sells used goods.
Buffalo Exchange is an American fashion resale retailer. Operating under a "buy, sell, trade" business model, it buys clothing and accessories from the public and resells them to the public. Buffalo Exchange targets a wide range of styles and ages with a mix of new and recycled clothing and accessories, including current trends, everyday staples, vintage, one-of-a-kind items, designer and more. Though often considered a thrift store, rather than receiving donations, they hand-select and purchase the majority of their inventory from the local community. This makes for a more curated selection.
Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.
Stripe, Inc. is an Irish-American multinational financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States, and Dublin, Ireland. The company primarily offers payment-processing software and application programming interfaces for e-commerce websites and mobile applications.
Recommerce or reverse commerce is the selling of previously owned, new or used products, mainly electronic devices or media such as books, through physical or online distribution channels to buyers who repair, if necessary, then reuse, recycle or resell them.
Stitch Fix, Inc. is an online personal styling service in the United States. It uses recommendation algorithms and data science to personalize clothing items based on size, budget and style. The company was founded in 2011 and had an initial public offering in 2017 with a valuation of $1.6 billion. Stitch Fix generated $1.6 billion in net revenue in its fiscal year 2023, a decrease of 21% year-over-year and reported 3,297,000 active clients in September 2023. It is headquartered in San Francisco, California and employs 5,860 people worldwide as of July 29, 2023.
Twice was an online marketplace for buying and selling secondhand apparel based in San Francisco, CA. The e-commerce platform was created to make selling used goods easier and shopping used like buying new. Twice manages the selling process for the customer, such as pricing, shipping and merchandising. Twice vets each item to ensure it meets “like new” standards. The company currently buys and sells men's and women's clothing as well as women’s shoes and handbags from popular retailers and brands.
Handy Technologies, Inc. is an online two-sided marketplace for residential cleaning, installation, and other home services. Founded in 2012 in Cambridge, Massachusetts, the now New York–based company operates services in United States, United Kingdom, and Canada. The company was acquired by ANGI Homeservices in October 2018.
Craftsvilla is an Indian e-commerce portal that sells ethnic apparel, footwear, fashion accessories, beauty products, handcrafted home accessories and other ethnic fashion and lifestyle products. The company is headquartered in Mumbai, Maharashtra.
Depop Limited is a social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. It allows users to buy and sell items, most of which are used and vintage pieces of clothing.
SK Planet Co., Ltd., a subsidiary of SK Telecom, was established in 2011. It is an internet platform development company located in Pangyo, South Korea’s Silicon Valley, with operations in eight countries. SK Planet was spun off from SK Telecom to focus on online services and has since evolved to concentrate on three core business areas: e-Commerce, Online-to-Offline services, and digital marketing.
Tradesy was an online peer-to-peer resale marketplace for buying and selling women's fashion. The company was headquartered in Santa Monica, California.
Rebag is a New York-based retail platform, established in 2014, that operates both online and through brick-and-mortar stores. It specializes in the buying, trading, and selling of luxury handbags, accessories, watches, fine jewelry, shoes, and select apparel.
The impact of the COVID-19 pandemic on the fashion industry was primarily caused by the sudden and global store closures worldwide which strongly impacted the fashion industry. The complete absence of revenue from physical stores caused a deep drop of revenue for fashion retailers, a complete reconfiguration of the stocks for fashion brands, and consequently a drop of orders for garment manufacturers. Many fashion retailers filed for bankruptcy in the aftermath of the pandemic.
Shein is a fast fashion retailer. Founded in Nanjing, China, in October 2008 as ZZKKO by entrepreneur Chris Xu, Shein grew to become the world's largest fashion retailer as of 2022. The company is currently headquartered in Singapore.
Crypto.com is a cryptocurrency exchange company based in Singapore that offers various financial services, including an app, exchange, and noncustodial DeFi wallet, NFT marketplace, and direct payment service in cryptocurrency. As of June 2023, the company reportedly had 100 million customers and 4,000 employees.
Thrilling is an online marketplace for vintage clothing, apparel and home goods. The company partners with independent vintage and secondhand clothing stores that use the platform to list, sell, and ship inventory. Thrilling was founded by Shilla Kim-Parker and Brad Mallow in 2018, In 2021, the company received $8.47 million in series A funding.
References
- ↑ Ponce de Leon, Sandra. "How thredUP is Driving the Circular Fashion Movement with AI". Forbes . Retrieved 2024-06-21.
- ↑ "ThredUp Inc, TDUP:NSQ profile". Financial Times . Retrieved 2024-06-21.
- ↑ Sourtech. "La CONMEBOL anunció la realización del documental de la Copa América USA 2024 en Co-Producción con Tronito/Idelve". Forbes Argentina (in Spanish). Retrieved 2024-06-21.
- ↑ McDowell, Maghan (26 March 2021). "Thredup, now public, wants to solve resale tech for fashion brands". Vogue Business. Retrieved 8 October 2024.
- ↑ Roshitsh, Kaley (November 14, 2019). "ThredUp Debuts 'Thrift Cards' — a Case for Regifting, Thrifting, 'Responsible Retail'".
- ↑ https://www.wsj.com/articles/thredup-fetches-1-3-billion-value-in-ipo-11616761017
- ↑ "ThredUp Adds to Board as It Plots AI Expansion". Yahoo Finance . 2024-06-25. Retrieved 2024-06-25.
- ↑ "ThredUp eleva sus ventas un 4% y reduce sus pérdidas en el primer semestre". Modaes (in Spanish). Retrieved 2024-06-25.
- 1 2 Skees, Sandy (2023-04-03). Purposeful Brands: How Purpose and Sustainability Drive Brand Value and Positive Change. Kogan Page Publishers. p. 118. ISBN 978-1-3986-0984-6.