Urban Outfitters Steps Into Online Resale Market With New App
Nuuly Thrift is the newest second-hand online marketplace.
Retail giant Urban Outfitters has made a massive splash in the online resale space with the announcement of its new app: Nuuly Thrift, set to launch in Fall 2021. Nuuly Thrift is a platform where users can "buy and sell women's, men's and kids' clothing, accessories and shoes."
Depop, Poshmark, Thred-Up, and other online resale marketplaces face a new competitor that offers a unique reselling experience. On Nuuly Thrift, when it comes to their earnings, sellers still have the option of a traditional direct bank deposit. However, sellers can also choose to earn Nuuly Cash: in-app credit that's worth 10% more than the conventional cashout, as long as it's spent on any of URBN's brands.
Nuuly Thrift is the sister platform to Nuuly Rent, a women's clothing rental subscription that first launched in 2019.
According to Thred-Up's 2021 Resale Report, the second-hand market is projected to double in the next 5 years, reaching a whopping $77 Billion. Considering the numbers, it's no surprise why URBN has decided to step into the second-hand resale world.
Whether you're a fan of Urban Outfitters or not, consider supporting the second-hand clothing market. It keeps existing clothes in circulation, lessens clothing waste, and is an affordable option for sustainable fashion.
Next Up, Gucci Collabs With 100 Thieves Creating Sustainable Backpacks
Connect with Facebook