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Re-commerce

ThredUp has opened its first retail location to compete with off priced retailers

Re-commerce site ThredUp, is growing from selling secondhand fashion online to opening brick and mortar stores. The company is looking to take advantage of the boom in off priced retail stores like T.J. Maxx and Nordstrom Rack that are performing much better than traditional retailers. ThredUp will enter the market with a lead over these competitors because its prices are …

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The RealReal asserts category dominance with $50 million round

Today The RealReal has demonstrated its dominance in the luxury consignment space. The San Francisco-based company has raised $50 million in growth equity funding. The investment came from private equity firm Great Hill Partners, bringing the company’s total funding to $173 million. As part of the investment, Michael Kumin, managing partner of Great Hill Partners, will join The RealReal’s board of …

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StockX launches high-end handbags and watches

Buying your favorite designer handbags and watches just got easier. Wednesday StockX, a “stock market of things,” expanded its merchandise to include watches and handbags bringing the retailer’s Gross Merchandise Value to an estimated $100 million, according to the company.  In addition to sneakers, the Detroit-based retailer has now tapped into three of the world’s largest luxury resale markets. Now available in …

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Lyst partners with Vestiaire Collective for secondhand luxury offering

Lyst, London-based fashion aggregator, has partnered with luxury secondhand fashion site Vestiaire Collective to offer pre-owned items on its website for the first time. As one of the world’s biggest e-commerce websites, Lyst offers items from over 12,000 brands. Despite this, there are some luxury brands that the company has been unable to offer. Vestiaire Collective offers coveted brands like Chanel …

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