Danielle Vermeer

These resale sites have low-to-zero marginal costs because they don’t have standard product COGS, physical distribution, and transaction costs. For example, Poshmark enables the connection between millions of sellers and buyers. The seller manages inventory, photography, pricing, marketing, packaging, and fulfillment. By making it easy to sell,... See more

The space will house the company's operations, including best-in-class authentication, shipping and receiving, warehousing, a photo studio, and a high-security, climate-controlled storage area called "The Cage," which will house up to 15,000 luxury handbags and accessories at any given time, including the largest collection of Hermès Birkin bags in... See more

Resale is growing 3X faster than retail fashion.  3X—ThredUP estimates that the global secondhand apparel market will grow 3X faster than the global apparel market.  8X—in North America, it’ll grow to $82 Billion by 2025.