So which items are acceptable for what pricing? I mean, Operations and processing all of the decisions that Patagonia or any brand we Store or are they going to and have the ability to mail it back So any Patagonia item that a customer has, they walk it back into a You’re doing for a brand like Levi’s or Patagonia?īrand. And we make that possible for brands.Ĭustomer when they go to Levi’s and how do they actually experience Trove and what And ourīelief is that only a brand like Levi’s can do Levi’s resale. We make that possible, and in weeks and months, not years. Own… They want to stay close to their customer and they want to own thisĮxperience. Power the platforms for brands who recognize this and decide they want to And what we’re seeing now is thatīrands are recognizing this shift in how customers shop. You described, have credentialized the space. What we believe is that third-party marketplaces, like It’s because of experience,Īnd it’s sustainability. Is we see this shift toward resale and it’s because of value, and customers,Īll of us being able to access brands we aspire to. Of a massive transformation in how customers shop. Kick it off, Andy, what consumer revolution is taking place and what does Trove Andy Ruben is the founder andĬEO of Trove, which is a resale platform for famous and prestigious brands, Soda, Banana Republic, and other luxury brands. Christine Hunsicker is the founder and CEO ofĬaaStle, which is a rental platform for brands such as Vince, Scotch &
We’re really thrilled to be joined here by two leaders Transparency, authenticity and body positivity, and recommerce. And this market isĪ big framework I believe in is what I call the STAR framework, sustainability, Of resale and rental could double this year to reach 14% of the apparel,įootwear, and accessories market versus 7% currently. As one, we forecast that recommerce inclusive Work at Cowen has suggested that the resale market could be in the nascent Rebag, and others, and brand-orientated capabilities that enable brands to ownĪnd lead the process, which is the bucket that boat CaaStle and Trove fit into.Įxceptionally important for customer engagement for a new generation. Two primary forms: third-party marketplaces like The RealReal, Rent the Runway, From Cowen’s perspective, we’re seeing the emergence of resale come in Series, and we’ll be diving in today on the topic of recommerce and resale This is in the next episode of our Retail and Luxury podcast Leaders, Christine Hunsicker, founder and CEO of CaaStle and Andy Ruben. This podcast on recommerce and the return of the brand with two recommerce Oliver Chen: Thank you for joining us for Join us as we converse with the top minds Insights, a space that brings leading thinkers together to share insights and They also discuss the explosive growth ahead for resale and rental markets and how brands are navigating new marketplaces in order to adapt to the consumer revolution. They discuss the state of the recommerce market and its growing importance to brands and consumers. In this episode of Cowen Insights, Christine Hunsicker, CEO & Founder of CaaStle, and Andy Ruben, CEO & Founder of Trove, speak with Oliver Chen, Retail & Luxury Goods Analyst. Badges/applepodcasts-badge badges/spotify-badge badges/soundcloud-badge
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