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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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Apple CEO Tim Cook visits Indonesia #technology #shorts

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TSMC Reports Earnings and Google Fires 28 Employees | Bloomberg Technology

Bloomberg’s Caroline Hyde and Ed Ludlow break down TSMC’s first quarter earnings report as the company scales up profit, but scales back its outlook for a chip market expansion. Plus, Google fires 28 employees after they were involved in protests against Project Nimbus to provide Israel’s government and military with AI and cloud services. ——–…

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Bloomberg’s Caroline Hyde and Ed Ludlow break down TSMC’s first quarter earnings report as the company scales up profit, but scales back its outlook for a chip market expansion. Plus, Google fires 28 employees after they were involved in protests against Project Nimbus to provide Israel’s government and military with AI and cloud services.
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Tom Colicchio Adds Virtual Commerce to New Culinary Show

Top Chef star Tom Colicchio’s new culinary show, “Tom Colicchio’s The Pantry,” leverages virtual commerce to allow the audience to seamlessly purchase the featured ingredients and tools they see on the show thanks to what it calls “buy bar” technology. Tom Colicchio joins Caroline Hyde on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg…

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Top Chef star Tom Colicchio’s new culinary show, “Tom Colicchio’s The Pantry,” leverages virtual commerce to allow the audience to seamlessly purchase the featured ingredients and tools they see on the show thanks to what it calls “buy bar” technology. Tom Colicchio joins Caroline Hyde on “Bloomberg Technology.”
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