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Resale is on the move, people! From big retailers to small retailers, seed stage investors to large buyout firms, and from the New York Times to Netflix, everyone seems to be talking about the future of resale. Like all major movements and category disruptions, mainstream adoption happens over time, and this category is just getting started. The last few years of growth in the resale market have been driven by the early adopters (the same ones who first adopted Airbnb or Lyft or DoorDash), but now the skeptics are starting to come around. Online Reseller, thredUP, is seeing first-time thrifters coming to platforms like thiers in droves. Not surprisingly, the younger generations are leading this charge, with millennials and Gen Z adopting secondhand 2.5x faster than other age groups. Listen along as we discuss the appeal of resell, why investors are going crazy over it, and the profitability of your favorite resell companies.
By Adam Williams CREResale is on the move, people! From big retailers to small retailers, seed stage investors to large buyout firms, and from the New York Times to Netflix, everyone seems to be talking about the future of resale. Like all major movements and category disruptions, mainstream adoption happens over time, and this category is just getting started. The last few years of growth in the resale market have been driven by the early adopters (the same ones who first adopted Airbnb or Lyft or DoorDash), but now the skeptics are starting to come around. Online Reseller, thredUP, is seeing first-time thrifters coming to platforms like thiers in droves. Not surprisingly, the younger generations are leading this charge, with millennials and Gen Z adopting secondhand 2.5x faster than other age groups. Listen along as we discuss the appeal of resell, why investors are going crazy over it, and the profitability of your favorite resell companies.