Dien Rice
April 23, 2016, 10:11 AM
It sounds unbelievable...
But various companies are raising tens of millions of dollars from venture capital firms - to sell second-hand clothing!
I've only had a quick look - but these seem to be consignment companies. The idea is, you send them your second hand clothes, they sell them for you, and take a cut...
It's big business...
Some are literally making millions by doing this...
More information here...
Used clothing is the hottest thing in retail right now -- and one company has an additional $25 million to prove it
http://www.businessinsider.com/reselling-clothes-is-hot-in-the-tech-world-2016-4
Does anyone have any more information on how this works?
Best wishes,
Dien
But various companies are raising tens of millions of dollars from venture capital firms - to sell second-hand clothing!
I've only had a quick look - but these seem to be consignment companies. The idea is, you send them your second hand clothes, they sell them for you, and take a cut...
It's big business...
Some are literally making millions by doing this...
More information here...
Used clothing is the hottest thing in retail right now -- and one company has an additional $25 million to prove it
http://www.businessinsider.com/reselling-clothes-is-hot-in-the-tech-world-2016-4
Does anyone have any more information on how this works?
Best wishes,
Dien
