Dive Brief:
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Resale site thredUP has continued to refine its business, changing up its resale terms and adding several high-fashion designer brands to its offerings.
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The company has more than a million members, who in 2013 made $3.2 million through the site. More than 60% of thredUP users access the site on a mobile device.
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According to eMarketer, notes Forbes magazine, online resale in general will grow some 16% a year through 2016.
Dive Insight:
As resale sites like Tradesy and thredUP get serious about offering high-end apparel, they are giving auction giant eBay a run for its money. eBay has recently instituted more customer-friendly rules for sellers, a sign that the consumer-centric ethos extends to gently worn clothing.