Luxury resale retailer Rebag and online resale platform ThredUp are entering a partnership that allows customers to sell items via ThredUp for Rebag shopping credit. This collaboration also enables ThredUp customers to shop select Rebag inventory directly on the ThredUp site.
As part of the partnership, Rebag has launched a clean out program utilizing the ThredUp Resale-as-a-Service (RaaS) offering. To participate, customers can generate a prepaid shipping label from a dedicated Rebag page on the ThredUp site, fill a shippable box or bag with apparel, shoes, and accessories from any brand, and ship it to ThredUp for free. For items that sell, customers receive Rebag credit they can use online or in-store.
By partnering with ThredUp, Rebag is expanding the types of items its customers can send in beyond luxury items, as ThredUp carries over 55,000 brands across 100 categories. ThredUp is also expanding its inventory to include more luxury items.
Starting in December 2023, Rebag and ThredUp will host a giveaway for their social followers. For Rebag, this new initiative follows its September 2023 introduction of a new consignment model.
“We are thrilled to partner with ThredUp and further expand our resale offerings to new customers” said Charles Gorra, founder and CEO of Rebag. “Consumers will be able to shop an incredible assortment of luxury accessories in our expertly-vetted inventory through ThredUp and earn Rebag credit for sending in pre-loved items through ThredUp’s Clean Out program.”
“Industry collaboration is key to building a more sustainable future for fashion, and Rebag and ThredUp have a shared vision around reuse’s ability to reduce fashion’s impact,” said James Reinhart, CEO of ThredUp. “Through our partnership, we're enabling more shoppers to participate in resale and ultimately encouraging people to make more sustainable shopping choices.”
Secondhand market to double to $350B by 2027
The global secondhand market is expected to double and reach $350 billion by 2027, with the U.S. market reaching $70 billion, according to ThredUp’s 2023 Resale Report. In 2022, the global secondhand market reached $177 billion; the U.S. market hit $39 billion.
The report found that GenZ is helping to fuel the popularity of resale — two in five items in Gen Z's closet are secondhand. More than half of Gen Z are more likely to shop with a brand that offers secondhand alongside new, up six points from 2021.