Retail 18-03-2022 Hits: 1110

Bigwig in the resale market Vestiaire Collective acquires a secondhand marketplace in the United States, Tradesy

Retail 18-03-2022 Hits: 1110

17 March 2022, Mumbai:

Vestiaire Collective, a resale powerhouse, and Tradesy, an online US resale platform, have chosen to merge, much to the benefit of all consumers and sellers. Both may now considerably expand the size and reach of their peer-to-peer marketplaces by working together.

"The united firm will have a membership community of 23 million, a catalog of 5 million goods, and a gross merchandise value over US $1 billion," Vestiaire Collective announced.

Sellers may now watch their items reach a bigger audience, both in the United States and throughout the world, assisting in the optimization of the entire sales process.

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Specifically, purchasers will have access to a larger assortment of extremely coveted pre-owned fashion items.

As a result, the goal is to improve the shopping experience as well. Vestiaire Collective, which was founded in 2009, is the world's biggest authorized luxury resale site.

Tradesy, which was started in 2009, specializes in buying and selling women's clothing.

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CREDITS: CISION & Apparel Resources.