![]() And so they have a full closet and they're reminded every day when they go when they're that 50, 60, 70 percent of it goes unworn and it makes people feel kind of guilty, you know, because it's money and it's space and it's kind of looking you in the face every day. So they buy a lot, but they don't necessarily wear a lot and they don't necessarily get satisfaction from the things that they buy. One of the things is that people just fundamentally have too many items of clothing in their closets. But, you know, it seems some folks said it like this was an overnight thing, but it's been happening, you know, slowly but surely, inconsistently over the past several years, and I think a couple things are behind that. ![]() And, you know, it had a few pivots along the way. You know, you mentioned in your introduction the company started in 2009. And that you know, the interesting thing about this is so we've been at this for a while. I mean 64 percent of women bought or say they're now willing to buy second hand clothing. And when we release our next resale report, which will come out at the end of this March, we expect those numbers to climb. I mean, 56 million women bought second hand products in 2018 and that's up from 44 million in 2017. I know, it's incredible 56 million women bought second hand products. In the next five years, it'll grow to 51 billion dollars. And, you know, one particular thing that I can definitely tell you Anthony, our team kind of waits every single year for, is that resale report okay? It's pretty much become the gold standard for data relating to a lot of the sustainability movement, right? And according to a recent report from last year, the market has grown 21 times faster than the rest of fashion out there, specifically in the US and is expected to grow to about, what 51 billion? Anthony Marino And I think what's been really, really interesting to us is just how this whole sustainability movement and the whole circular economy, the second hand retail story, you guys really I think doubled down in terms of just all the different types of things you did from a tool kit perspective to actually build the movement itself. We’ve also been working with you guys for a bit now. So, yeah, I think for us, you know, we've been tracking thredUP for quite a while now. And she said, I think you should go work for this company and that was literally how it started and so it's been almost 7 years since that moment. She said, and the way it works is you send in the clothes you're not wearing and you can either get credit on their site to shop or you get money for the clothing that they can resell. ![]() She said it's a 200 dollar sweater and I said, well how did you do that? and she said, well, it's used and I kind of looked at her kind of a little confused and was like, used by who? You know, do you know where did this come from?Īnd she kind of gave me, you know, the disapproving, like you don't know anything kind of look and she's like, it's from thredUP and she said, all my friends are talking about this company. and she was like no, you don't understand. Yeah, my journey at thredUP started in my kitchen in my New York apartment back in 2013.I came home from work one night and there was a green polka dot box, a thredUP order sitting on our kitchen table and I kind of walked in and gave my wife a hug and I said, what's that? And she sort of gestured for the box and she said, take a look and I pulled out a really nice Cashmere sweater and I said, WOW, this is really nice and she said I got it for 29 dollars. ![]() You know, tell us what your journey with thredUP has been like and what this period of incredible growth has been like for you. So before we talk about thredUP, let's talk a little bit about you. Welcome Anthony, it's so great to have you here today! Anthony Marino And given the conversation and the weight that sustainability carries on retail on us in fact, thredUP has been such a game changer and today we have the privilege of talking to Anthony Marino, the President of thredUP. They sell over 35000 brands so from Gap to Gucci, they have it all and they're reinventing resale with a mission to inspire a new generation of shoppers to think second hand first. Founded in 2009, thredUP is one of the world's largest fashion resale marketplaces. Our guest for today needs no introduction, but I'm going to try and give you one anyway. Hi and welcome to a brand new episode of The Vue Podcast! I'm Akshara, the host and today I have with me Ashwini Asokan, our founder and CEO of Vue.ai, an A.I based automation platform for retailers across the globe. ![]()
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