Introducing thredUP LUXE
Under Embargo until July 25, 9am EST
thredUP Expands to Luxury Resale with ‘LUXE’ beta
The world’s largest online thrift store wants to flip your fancy things, and is offering a 100% commission launch promotion.
thredUP, the world’s largest online thrift store, is expanding into the luxury resale market. Starting today, owners of luxury goods can request an invitation to sell on LUXE beta. Through Labor Day, thredUP will waive the consignment fee and pay invited sellers 100% commission on the sale price of luxury items sent in LUXE Clean Out Kits.
“Luxury items only make up 15% of the typical woman’s closet, but to date, there hasn’t been an easy to way to sell a mix of high-end and everyday brands,” said James Reinhart, CEO and co-founder of thredUP. “With the introduction of LUXE, we’re thrilled that thredUP is truly a full-closet solution for sellers, and the ultimate treasure-hunting destination for buyers.”
An Experience Designed for Luxury
1. We Take Everything & Make It Easy
Request a LUXE Clean Out Kit, fill it with both high and low items, and use the prepaid shipping label. We’ll do the sorting, and put LUXE brands through special processing.
2. Seasoned Authenticators You Can Trust
Every item is meticulously inspected by trained authenticators with luxury backgrounds and years of resale experience. They expertly inspect, itemize, photograph, and suggest prices.
3. No Risk, No Catch
LUXE sellers have the option to set prices and reclaim anything that doesn’t sell within 90 days for free. They will also have access to dedicated customer support lines to get answers they need from trained experts.
4. Highest Commissions Anywhere
Sellers earn up to 80% commission when items sell (and 100% during the launch promotion). thredUP’s processing centers across the U.S. are calibrated to keep costs low, and savings are translated into the highest possible payouts for your designer goods.
5. Technical Garment Bags for Specialty Goods
thredUP designed a uniquely durable, tear-proof Clean Out Kit made of 100% recycled materials, which can be reused hundreds of times. Sellers can feel confident in the safety of their items and the lightened eco-impact.
“LUXE is our response to the rising demand for luxury goods on thredUP.com. Designer brands are among the most sought after with upwards of 60,000 searches per week,” said Kathleen Weng, VP of Merchandising at thredUP. “The new experience is designed to meet the unique needs of luxury buyers and sellers. LUXE is all about knowledgeable authenticators, competitive payouts and prices, and unrivaled convenience.”
Launch Timing: Beta sellers will receive 100% commission on luxury items sent in LUXE Clean Out Kits through Labor Day. After that, thredUP will offer highly competitive commissions of up to 80% of the sale price. All LUXE items will be listed for sale soon on thredUP.com/designer.
More About thredUP: thredUP is the largest online thrift store where millions of women refresh their closets across the globe. The company resells over 30,000 items per day from more than 35,000 brands at up to 90% off the original retail value. Headquartered in downtown San Francisco and backed by world-class investors, thredUP is reinventing the secondhand clothing industry and inspiring a new generation of consumers to think secondhand first. Learn more at www.thredUP.com.
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