Page 8 - 2019 SIPC Meeting Brief

Increasingly brands are seeking to claim Additional Reading Materials
the full lifetime value of their customer
relationships by controlling their own 1. The Aspen Institute and
secondhand items. Accenture: Advancing Missing
Middle Skills
New York Times’ fashion director, Vanessa

Friedman, observed that “given the growth 2. McKinsey Global Institute: The
of resale, you have to wonder why every Future of Work in America:
brand doesn’t do [this], instead of letting People and Places, Today and
another retailer profit from their brand Tomorrow
name.”

Retailers increasingly understand the power 3. HRDIVE: Skills-based Hiring Will
of controlling their own circular economy for Shift the Marketplace
building customer loyalty in addition to the
data generated about how customers shop, 4. Opportunity America: Work,

which items retain the highest value and Skills, and Community: Restoring
which items sell the quickest. Opportunity for the Working
Class
The resale ecosystem continues to grow
and become more mainstream providing 5. ThredUP Raises $175M to Dress
both increasing competition and an You Up in What Your Friends

opportunity for growth in the resale Got Rid Of
market.
6. ThredUP 2019 Resale Report

7. How ThredUP is Driving the
Circular Fashion Movement with
AI

6 2019 STRATEGIC INITIATIVE PLANNING COMMITTEE BRIEF