Patricia Nash, a manufacturer of handbags and accessories, is currently using thredUP’s Resale-as-a-Service (RaaS) solution.
According to Patricia Nash, 40 other brands now offer resale programmes through the fashion resale site’s RaaS offering with the debut of its new Rediscovered programme, the company announced in a press release.
”We have a well-known base of loyal Patricia Nash customers who love to collect and trade their previously loved handbags,” Patricia Nash Vice President of Operations and General Counsel Jennifer Vanderink said in the release. ”It was a no-brainer for us to partner with thredUP and offer our customers a way to extend the lives of their beloved bags even further and also get credit for new products on our site.”
As economic worries continue to plague the industry, several apparel companies are considering imaginative resale collaborations. These businesses address budgetary concerns of customers while still attempting to win their allegiance by collaborating with resellers.
Consumers looking for affordable and environmentally friendly products have driven the demand for resale programmes, according to a report released by thredUP. The report also predicted that the global market for used clothing will nearly double over the next five years, growing from US $ 177 billion in 2022 to US $ 351 billion in 2027.
”Resale is starting to blossom globally, with many of the largest retailers in the world adopting more circular business models,” thredUP CEO James Reinhart said when releasing the report.
According to the press release, shoppers can use the new Rediscovered programme to fill a shippable box or bag with gently used clothing, shoes and accessories from any brand and ship it for free to thredUP after visiting a dedicated website to get a prepaid mailing label.
According to the press release, consumers who have their products sold on thredUP receive shopping credits that may be spent on the Patricia Nash website.
”We are excited to partner with thredUP to help customers rediscover classic and new Patricia Nash styles,” Vanderink said in the release.
ThredUP oversees the purchase and selling of used goods for clothing manufacturers through its RaaS platform. This commercial product complements thredUP’s core business, which entails direct consumer purchases and sales.
H&M and Tommy Hilfiger are two more brands for whom thredUP runs brand-specific secondhand shops.
