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Online secondhand shopping is taking the U.S. fashion market by storm and one Arlington startup is helping traditional retailers adapt.
Recurate co-founded by CEO Adam Siegel, who lives and works from home in Rosslyn allows retail brands to host resale platforms where customers can sell their used items directly from their purchase history.
The company manages the shipment from the seller to the buyer, and the seller is compensated with in-store credit or cash once the product is delivered.
“Every brand has lost revenue and customers to the resale market,” CEO Adam Siegel tells ARLnow. “Sites like Poshmark and ThredUp have made it cool to buy pre-owned products, and brands’ customers are flocking to those sites to buy branded pieces.”