THREDUP INC. 
(MT Newswires) -- James Reinhart, CEO of ThredUp, highlights the growing consumer interest in buying second-hand products, driven by environmental and financial reasons. He highlights the importance of technology in the resale sector, with ThredUp processing more than 100,000 unique items a day from nearly 60,000 brands across four distribution centres. The company has succeeded in creating an online shopping experience similar to that of Amazon or Nordstrom, making buying second-hand items as easy as buying new.
Reinhart points out that ThredUp's customer base is diverse, ranging from young parents looking to save money on children's clothes to consumers of all generations attracted by the value and uniqueness of second-hand items. He notes that the resale market is increasingly taking share from traditional brands, with the resale market growing three times faster than the traditional market.
In the face of competition, Reinhart believes that the general increase in interest in second-hand goods benefits all players in the sector. He also mentions the importance of influencers and digital marketing in attracting new customers, noting that the de-stigmatisation of second-hand buying has helped to make the practice socially acceptable.
