Two Leading Resale Companies Converge to Push
the Boundaries of the Secondhand Market
NEW
YORK, Nov. 14, 2023
/PRNewswire/ -- Rebag, the authority in buying, consigning,
trading, and selling luxury accessories including handbags, fine
jewelry, watches, and more, today announced a multifaceted
partnership with thredUP (NASDAQ: TDUP, LTSE: TDUP), one of the
largest online resale platforms. Rebag customers can now resell
gently-worn items on thredUP for Rebag shopping credit, and thredUP
customers can shop select Rebag inventory directly on
thredup.com.
As part of the partnership, Rebag has launched a Clean Out
program powered by thredUP's Resale-as-a-Service®
(RaaS®), which enables the world's leading fashion
brands and retailers to deliver customizable, scalable resale
experiences to their customers. By partnering with thredUP, Rebag
is expanding the types of items its customers can send in.
thredUP's marketplace carries over 55,000 brands across 100
categories, offering Rebag customers an opportunity to clean out
more than just luxury items from their closets. To participate,
customers can generate a prepaid shipping label from
rebag.thredup.com, fill any shippable box or bag with apparel,
shoes, and accessories from any brand in their closet, and ship it
to thredUP for free. For items that sell on thredUP, customers
receive Rebag credit that can be used online and in-store.
Additionally, thredUP customers can now shop a range of
one-of-a-kind handbags from Rebag directly on thredup.com. By
listing Rebag items on thredUP's website, thredUP is providing a
broader selection of inventory to its customers with more luxury
items from brands such as Chanel, Christian Dior, Gucci,
Hermes and Louis Vuitton. Additional
Rebag product categories, including watches and fine jewelry, will
be added soon.
Rebag and thredUP will join forces in an effort to educate
consumers on circular shopping and support the initiative through
collaborative content. Starting in December, Rebag and thredUP will
host a giveaway for its social followers.
"We are thrilled to partner with thredUP and further expand our
resale offerings to new customers," says Charles Gorra, Founder and CEO of Rebag.
"Consumers will be able to shop an incredible assortment of luxury
accessories in our expertly-vetted inventory through thredUP
and earn Rebag credit for sending in pre-loved items through
thredUP's Clean Out program."
"Industry collaboration is key to building a more sustainable
future for fashion, and Rebag and thredUP have a shared vision
around reuse's ability to reduce fashion's impact," said
James Reinhart, CEO of thredUP.
"Through our partnership, we're enabling more shoppers to
participate in resale and ultimately encouraging people to make
more sustainable shopping choices."
Following Rebag's launch of Consignment in late September, the
Rebag x thredUP partnership supports Rebag's dedication to
providing customers with flexibility in selling options and
complements its existing buyout and trade offerings. Rebag's
groundbreaking Consignment offering eliminates ambiguous payout
amounts, fluctuating commission rates and lengthy payment processes
typically associated with consignment; instead, sellers have
visibility and control from start to finish with upfront quotes,
pre-approved payouts, fixed commission rates and quick
payments.
For further information, please contact: Factory PR,
rebag@factorypr.com, 212.941.9394
About Rebag:
Rebag is the authority on buying,
consigning, trading, and selling luxury items, offering users
unprecedented transparency and flexibility with their purchases.
Founded by Charles Gorra in 2014,
Rebag is one of the fastest growing retailers in the US, and has
established itself as a leader in the luxury resale space. With the
launch of its Consignment tool in late September 2023, Rebag is now the most flexible
selling platform allowing customers to buy, sell, trade and consign
in one easy transaction. Rebag's intelligent Clair technology,
which uses millions of data points to determine the resale value of
designer items, enables customers to receive instant payment, a
first in the resale industry. The digitally native company has
opened retail locations in New
York, Los Angeles and
Florida. In 2020 and 2021, Rebag
was named one of Fast Company's Most Innovative Companies. Rebag
has been featured in the New York
Times, Business of Fashion, Vogue, TechCrunch and more. For
more information, visit www.rebag.com.
About thredUP:
thredUP is transforming resale
with technology and a mission to inspire a new generation of
consumers to think secondhand first. By making it easy to buy and
sell secondhand, thredUP has become one of the world's largest
online resale platforms for apparel, shoes and accessories. Sellers
love thredUP because we make it easy to clean out their closets and
unlock value for themselves or for the charity of their choice
while doing good for the planet. Buyers love shopping value,
premium and luxury brands all in one place, at up to 90% off
estimated retail price. Our proprietary operating platform is the
foundation for our managed marketplace and consists of distributed
processing infrastructure, proprietary software and systems and
data science expertise. With thredUP's Resale-as-a-Service, some of
the world's leading brands and retailers are leveraging our
platform to deliver customizable, scalable resale experiences to
their customers. thredUP has processed over 172 million unique
secondhand items from 55,000 brands across 100 categories. By
extending the life cycle of clothing, thredUP is changing the way
consumers shop and ushering in a more sustainable future for the
fashion industry.
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SOURCE Rebag