All Resale articles – Page 4
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News briefsNew GM heading ThredUp’s European business
Source: ThredUp FlorinFilote, GM Europe California-based online resale platform ThredUp Inc. appointed Florin Filote as its new General Manager of Europe. He succeeds Dan DeMeyere, who has been with ThredUp since 2010 and most recently ran the company’s international business for two years. With nearly two decades ...
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ArticleBike-flipping: to boost sales and encourage sustainability
Alejandro Pons sees great potential for reconditioned bicycles both in his company’s domestic market of Spain and abroad. Pons is the founder and CEO of Tuvalum, an online platform for the sale of second-hand bicycles, and has expounded his views to CMDsport. His enthusiasm contrasts with the current gloom in ...
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News briefsOdlo ReWear successfully established
As part of Odlo’s ReWear program, used garments can be returned to selected Odlo stores in Germany, Austria, and Switzerland to give them a new life. The program is based on taking back, repairing, and reselling used clothing and is a further effort by Odlo to reduce the sports industry’s ...
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News briefsNemo partners with Out&Back Outdoor for resale in the USA
With the expansion of its Endless Promise Collection in 2024, which focuses on creating gear that can be repaired, resold and ultimately recycled when it has completed its last adventure, US-based outdoor gear and accessories brand Nemo has partnered with Denver-based Out&Back Outdoor to provide US consumers with an easy ...
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News briefsThis Black Friday, Naturkompaniet opens second-hand departments in four stores
Swedish outdoor retail chain Naturkompaniet is starting to open second-hand departments for a wide range of used products from different brands. Naturkompaniet has 36 stores throughout Sweden, and four of them will offer high-quality second-hand outdoor clothing and equipment from Nov. 24, 2023. The first stores to introduce the concept ...
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ArticleThredUp reports 21% sales increase in Q3
California-based online resale platform ThredUp Inc. reported a 21 percent year-over-year increase in revenue for its third quarter ended Sept. 30, 2023, reaching $82.0 million. Adjusted Ebitda loss was $3.6 million, or negative 4.4 percent of revenue, compared to $11 million, or negative 16.2 percent of revenue, in Q3 of ...
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ArticleSmartwool announces Second Cut Resale
Smartwool, a U.S. manufacturer of Merino wool products for active living and part of VF Corp., and ThredUp, one of the largest online resale platforms for apparel, footwear and accessories, today announced Second Cut™ Resale, a program that allows customers to shop used women’s and children’s apparel and accessories at ...
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ArticleNew study shows circular strategies can help outdoor brands grow while reducing carbon emissions
Confirming what many already suspected, a new study released by Trove and the impact intelligence platform Worldly has concluded that circular strategies can lead to significant carbon reduction in the fashion industry, and crucially, also for Outdoor brands.
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ArticleResale specialist Trove secures $30 million Series E funding
Trove, a leading U.S.-based resale and trade-in company for brands and retailers including Canada Goose, Carhartt, Lululemon, Patagonia, REI, Arc’teryx, Allbirds and others, announced $30 million in Series E funding, bringing Trove’s total funding since inception to more than $150 million. The funding round was co-led by Wellington Management and ...
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ArticleTrove expands brand resale operations across North America, targets Europe
Trove, a leading, U.S.-based branded resale and trade-in company for brands and retailers including Canada Goose, Lululemon, Patagonia, REI, Levi’s, Arc’teryx, Carhartt and others, announced the expansion of five Trove Recommerce Powered Partner facilities across North America, including the U.S. and Canada, with expansion into Europe already in the planning ...
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News briefsCanada Goose expands resale program to Canada
Following the launch of its Generations resale program in the U.S. earlier this year, Canada Goose now announced that it is rolling out the program in Canada. Consumers can trade in their Canada Goose products through the Generations online portal. Once sent in, evaluated and authenticated, customers will receive a ...
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ArticleThredUp publishes second annual impact report
US-based online resale platform ThredUp has published its second annual Impact Report. Through transparent reporting and disclosure, the report provides a comprehensive overview of ThredUp’s environmental, social and governance (ESG) profile. It outlines the company’s business and brand-focused ESG strategy and highlights the progress the company has made on ESG ...
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ArticleThredUp making progress towards profitability
ThredUp Inc. CEO James Reinhart said he was “confident in our ability to flex our marketplace, invest in strategic growth opportunities, and make progress towards profitability” as the resale platform announced its financial results for the first quarter ended March 31, 2023.
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ArticleOutdoor brands top desirable resale items in latest report
U.S.-based ThredUp, an online resale service provider and platform for women’s and kids’ apparel, has released its eleventh annual Resale Report. The report examines the current market as well as the expected value of the sector. Although based on American consumers, it is expected similar figures would apply in Europe, ...
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News briefsOrtovox launches webshop for refurbished products
With the launch of the Ortovox 2nd Life store, the southern German mountain sports specialist offers another tool to make mountain sports more sustainable. Extending the useful life of a product by three months already means reducing the CO2, waste and water footprint by 10 percent. With this in mind, ...
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ArticleTrove releases first Brand Resale Index for 2023
Trove, the U.S.-based service provider whose technology powers the resale services of several sporting goods manufacturers, has released its first Brand Resale Index, titled “Defining the Resale Experience.” The index is the first report of its kind, agnostic to the resale platform provider, and it evaluates the adoption of leading ...
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News briefsTrove expands leadership team with appointment of CTO and CFO
Trove, the U.S.-based service provider whose technology powers the resale services of several sporting goods companies, including Canada Goose, Lululemon, Patagonia, REI, Arc’teryx, Allbirds and others, announced that Natalya Davick has been named chief financial officer and Julia Cai has been named chief technology officer. Cai will lead a team ...
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News briefsKitsbow launches second-hand online store in the U.S.
U.S. cycling apparel brand Kitsbow has launched the “Kitsbow Experience Apparel” retail store for used Kitsbow apparel through its DTC online store, where U.S. Kitsbow customers can sell their previously purchased Kitsbow gear. To use the site, sellers pay the company 10 percent of the sale price. Kitsbow alternatively offers ...
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News briefsOutnorth joins second-hand marketplace
Swedish retailer Outnorth, one of the strongest Nordic e-commerce players in the outdoor segment, is participating in a plug-and-play platform for circular trading of secondhand products, habit.se reports. Participating retailers can offer their customers and their own stores to resell previously purchased goods through the app and on the integrated ...
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ArticleThredUp loses $28 million in Q2, may lay off 15% of workforce
California-based ThredUp Inc, a company operating in the apparel resale market that also provides a platform for third-party brands, announced its financial results for the second quarter ended June 30, 2022. Revenue increased 27 percent to $76.4 million, while active buyers increased 29 percent to 1.7 million. The gross margin ...
