thredUP will power resale for Vera Bradley, serving the surge of consumers who plan to refresh their closets.
"As consumers start dressing up and traveling again, they are looking to refresh their wardrobes. We're thrilled to power an easy and sustainable way for shoppers to earn credit towards
"By allowing retailers like
* The Vera Bradley resale experience is timely for the many consumers planning to travel, socialize or get back to work and school again soon. New data from thredUP's upcoming 2021 Resale Report predicts that a closet "Clean Out Frenzy" is coming. According to the ninth annual report conducted with GlobalData, 80 percent of
- 159.4 million
U.S.consumers plan to get rid of clothing after the pandemic is over. 46.4% of U.S.consumers plan to get rid of clothes that no longer fit. 24.8% of U.S.consumers plan to get rid of clothes they wore during quarantine.
- 155.9 million
U.S.consumers plan to buy items after the pandemic is over. 34.4% of U.S.consumers plan to buy items for events that were paused (work, travel). 31.1% of U.S.consumers plan to buy items to refresh their style.
thredUP is transforming resale with technology and a mission to inspire a new generation of consumers to think secondhand first. By making it easy to buy and sell secondhand, thredUP has become one of the world's largest resale platforms for women's and kids' apparel, shoes and accessories. Sellers love thredUP because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers love shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. In 2018, we extended our platform with Resale-as-a-ServiceⓇ (RaaSⓇ), which facilitates modern resale for a number of the world's leading brands and retailers. thredUP has processed over 100 million unique secondhand items from 35,000 brands across 100 categories. By extending the life cycle of clothing, thredUP is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.
About Vera Bradley, Inc.
Vera Bradley, Inc. operates two unique lifestyle brands – Vera Bradley and
Vera Bradley, based in
Forward Looking Statements
This release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "predict" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. Except as required by law, thredUP has no obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.
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Christina Schultz, thredUP, firstname.lastname@example.org