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Younger People Are Shifting to Secondhand Clothes: thredUP CEO

Jul.23 — thredUP Co-founder and CEO James Reinhart discusses what is behind the boom in secondhand clothing sales. He speaks with Emily Chang on “Bloomberg Technology.”

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Jul.23 — thredUP Co-founder and CEO James Reinhart discusses what is behind the boom in secondhand clothing sales. He speaks with Emily Chang on “Bloomberg Technology.”

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12 Comments

12 Comments

  1. Kitamirike Peter

    July 23, 2021 at 10:46 pm

    Poverty is what is really driving the trend

  2. mrPmj00

    July 23, 2021 at 10:52 pm

    =I bought FAANG stocks (Facebook, Apple, Amazon, Microsoft) Netflix, and Intel, Zoom, …
    ___Disney, Wells Fargo, Boeing, Walgreens, IBM, Chevron, DOW, SIEGY, AT&T for the recovery.
    Warren buffet quotes: It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

    • mrPmj00

      July 24, 2021 at 12:00 am

      @john w Wells Fargo donated ALL the processing fees ($400 million) for distributing the government checks during Covid19, whereas other banks kept

      it as profit.

      %E2%80%9CBy%20donating%20approximately%20%24400%20million,African%20American%20entrepreneurs%20and%20other

    • mrPmj00

      July 24, 2021 at 12:00 am

      @john w I’m a regular working Joe who also invests.
      Well, the returns could be higher but I like to sleep at night
      Overall, I’m up +50% over 1 year since July 2020 so I’m happy.

  3. Enrico Zangari

    July 23, 2021 at 11:04 pm

    Younger people all over the world get paid less. Mini-Jobs and working unpaid overtime is becomming the norm. So poverty is really the driving force behind Second hand.

    • Garrison R

      July 24, 2021 at 6:52 am

      Stop working at mcdonalds maybe.

    • Salentino

      July 24, 2021 at 11:12 am

      @Garrison R even if someone is working at McDonald’s that person should be able to live of the salary they get.

    • Garrison R

      July 24, 2021 at 12:50 pm

      @Salentino Why? Why make someone with no skill comfortable? If they want to live a comfortable live, they should get more skills. When robots take over chains like Mcdonalds, they’ll have no leverage at all because they had no skill.

  4. RJ Santos

    July 23, 2021 at 11:43 pm

    Lol. Happened in the 70’s. It’s called being dirt poor as you try to not wear the same outfit every day. Let’s make being poor sound trendy and new. Assholes

  5. ALBERT

    July 24, 2021 at 12:00 am

    Increase in second hand is an huge hygiene problem in covid era.

  6. hangender

    July 24, 2021 at 1:21 am

    Been shopping at Ross for less all my life. Welcome to the club.

  7. Austin W

    July 24, 2021 at 3:18 am

    TJMaxx and Ross has always been where it’s at

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Bloomberg Technology

AWS CEO Steps Down and OpenAI Updates Its AI Model | Bloomberg Technology

Bloomberg’s Caroline Hyde and Ed Ludlow break down why Amazon Web Services CEO Adam Selipsky is stepping down from the job. Plus, OpenAI unveils its updated AI model as Google kicks off its developer conference today, and they sit down with the CEO of Buy-Now-Pay-Later firm Klarna as the company eyes its long-awaited IPO. ——–…

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Bloomberg’s Caroline Hyde and Ed Ludlow break down why Amazon Web Services CEO Adam Selipsky is stepping down from the job. Plus, OpenAI unveils its updated AI model as Google kicks off its developer conference today, and they sit down with the CEO of Buy-Now-Pay-Later firm Klarna as the company eyes its long-awaited IPO.
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Craft’s Sacks on AI Innovation, New AI Platform Glue

Craft Partner and Glue co-founder and chairman David Sacks joins Caroline Hyde and Ed Ludlow to discuss the newly-launched AI-native communication platform Glue, going public today after six months of private beta. He speaks on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg…

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Craft Partner and Glue co-founder and chairman David Sacks joins Caroline Hyde and Ed Ludlow to discuss the newly-launched AI-native communication platform Glue, going public today after six months of private beta. He speaks on “Bloomberg Technology.”
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AWS CEO Adam Selipsky to Step Down

Amazon’s cloud-computing division chief Adam Selipsky is stepping down, making way for Matt Garman, the unit’s top sales and marketing executive. Bloomberg’s Matt Day joins Caroline Hyde and Ed Ludlow to discuss on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with…

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Amazon’s cloud-computing division chief Adam Selipsky is stepping down, making way for Matt Garman, the unit’s top sales and marketing executive. Bloomberg’s Matt Day joins Caroline Hyde and Ed Ludlow to discuss on “Bloomberg Technology.”
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