34 min
How to Embrace Sustainability in Fashion: Recurate's Resale Solution Talk Commerce
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- Technology
Summary
Wilson Griffin, CEO and founder of Recurate, discusses the importance of embracing the secondhand economy and circularity in the fashion industry. Recurate helps brands manage their own resale programs, extending the life cycle of products and reducing the environmental footprint. By participating in the resale economy, brands can benefit from the second, third, and fourth sales of their products. Recurate offers a modular approach to resale, allowing brands to choose different channels, such as peer-to-peer resale, take-back repair, or selling e-commerce returns. The integration of new and used items in the buyer experience creates a seamless shopping experience for customers.
Keywords
resale, circularity, fashion industry, environmental footprint, secondhand economy, peer-to-peer resale, take-back repair, e-commerce returns, buyer experience
Takeaways
Brands can benefit from embracing the secondhand economy and circularity by extending the life cycle of their products and reducing the environmental footprint.Recurate offers a modular approach to resale, allowing brands to choose different channels, such as peer-to-peer resale, take-back repair, or selling e-commerce returns.The integration of new and used items in the buyer experience creates a seamless shopping experience for customers.Resale can be a marketing tool for brands to reach out to existing customers and reactivate lapse customers, fostering loyalty and increasing lifetime value.Titles
Embracing the Secondhand Economy and Circularity in the Fashion IndustryRecurate: Helping Brands Manage Resale Programs and Reduce Environmental FootprintSound Bites
"Ooh, I'm biased here, but definitely resellable.""We've created a really easy tool where based on that product, we can actually reach out to the customers who have already bought it and say, Hey, you know, we know you bought this jacket. Uh, people love it. We hope you love it and you're wearing it every day, but just so you know.""On the brand's primary website, um, you can actually shop new items and used items next to each other."Chapters
00:00Introduction and Background
04:01The Problem of Resale
10:39The Life Cycle of a Garment
10:56Resale OS 2.0
16:01Expanding to Non-Branded Options
17:02Modular Approach to Resale
21:58Frank and Eileen's Re-Loved
25:17Concierge Listing Service
28:08Marketing Opportunities and Sustainability
31:09Moving the Needle on Sustainability
33:37Shameless Plug
Summary
Wilson Griffin, CEO and founder of Recurate, discusses the importance of embracing the secondhand economy and circularity in the fashion industry. Recurate helps brands manage their own resale programs, extending the life cycle of products and reducing the environmental footprint. By participating in the resale economy, brands can benefit from the second, third, and fourth sales of their products. Recurate offers a modular approach to resale, allowing brands to choose different channels, such as peer-to-peer resale, take-back repair, or selling e-commerce returns. The integration of new and used items in the buyer experience creates a seamless shopping experience for customers.
Keywords
resale, circularity, fashion industry, environmental footprint, secondhand economy, peer-to-peer resale, take-back repair, e-commerce returns, buyer experience
Takeaways
Brands can benefit from embracing the secondhand economy and circularity by extending the life cycle of their products and reducing the environmental footprint.Recurate offers a modular approach to resale, allowing brands to choose different channels, such as peer-to-peer resale, take-back repair, or selling e-commerce returns.The integration of new and used items in the buyer experience creates a seamless shopping experience for customers.Resale can be a marketing tool for brands to reach out to existing customers and reactivate lapse customers, fostering loyalty and increasing lifetime value.Titles
Embracing the Secondhand Economy and Circularity in the Fashion IndustryRecurate: Helping Brands Manage Resale Programs and Reduce Environmental FootprintSound Bites
"Ooh, I'm biased here, but definitely resellable.""We've created a really easy tool where based on that product, we can actually reach out to the customers who have already bought it and say, Hey, you know, we know you bought this jacket. Uh, people love it. We hope you love it and you're wearing it every day, but just so you know.""On the brand's primary website, um, you can actually shop new items and used items next to each other."Chapters
00:00Introduction and Background
04:01The Problem of Resale
10:39The Life Cycle of a Garment
10:56Resale OS 2.0
16:01Expanding to Non-Branded Options
17:02Modular Approach to Resale
21:58Frank and Eileen's Re-Loved
25:17Concierge Listing Service
28:08Marketing Opportunities and Sustainability
31:09Moving the Needle on Sustainability
33:37Shameless Plug
34 min