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Resale’s on Track for $50 Billion and Gap Wants to Be a Part of it

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Online secondhand marketplace ThredUp is partnering with Gap Inc. on a new program designed to encourage shoppers to participate in the resale economy. In a statement Thursday, Gap Inc. revealed that it would offer shopping credits for Gap, Banana Republic, Athleta, and Janie and Jack to consumers who turn in worn apparel through ThredUp’s Resale-as-a-Service (RAAS) platform. The program…

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