GordonJ
April 24, 2016, 12:50 PM
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
Oh boy, my bell bottoms with hippie like patches will be retirement fund.
Thanks Dien.
Gordon (as Retro/Used/Old as they get)
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
Oh boy, my bell bottoms with hippie like patches will be retirement fund.
Thanks Dien.
Gordon (as Retro/Used/Old as they get)
