thredUP.com, the largest online resale shop for women’s and children’s clothing, announced a further expansion into designer fashion with the introduction of its thredUP X Collection and a new, industry leading consignment payout model.
The X Collection features on-trend styles from popular designers like Joie, Tory Burch, Marc by Marc Jacobs and Vince – at an average discount of 70 percent off retail. The Collection launches today with more than 6,000 pieces (clothing, shoes and accessories) from over 200 brands, making it among the largest designer resale shops on the Web.
“thredUP’s all about being the most convenient resale resource while providing customers with the best fashion at the best prices, and offering sellers the best payouts possible,” said Anthony Marino, CMO at thredUP. “New X Collection inventory and consignment pricing ensures that we continue to lead the industry on all of these fronts. I’m excited for our customers to enjoy the new shopping experience they’ve been anxiously awaiting since we first announced it was coming this spring.”
This launch comes one year after thredUP’s successful foray into women’s fashion and on the heels of the company’s Second Annual Resale Report that notes designer brands among the fastest-sellers on the site. The X Collection’s contemporary styles and designer brands, alongside thredUP’s selection of over 150,000 women’s pieces from mainstream retailers, makes the fashion resale site the ultimate resource for women to create a wardrobe full of high-low styles on a budget.
“National adoption of fashion resale is making designer styles more accessible to consumers, whether they are shopping retail or resale,” said James Reinhart, CEO and Co-Founder of thredUP. “Women can purchase a designer dress knowing they will pocket some of the retail price when they retire it, and with our X Collection we expect more women to turn to thredUP first for their high-quality everyday and special occasion outfits.”
With the new consignment payout structure, thredUP is now the industry leader in paying out for designer clothing. Sellers are compensated up to 80 percent of the resale value for their designer brand items when they are sold, a significant increase over the industry average of 60 percent.