For almost a decade, popular online thrift store ThredUp has had a very successful run in the U.S. and is now setting its sight on Canada.
ThredUp believes that there are many Canadians who want to be stylish and save money at the same time. This is practically StyleDemocracy’s mantra, so you better believe we’re on board with this concept.
The only downside is that industry insiders believe that the market is already too congested as there are fast fashion retailers and companies like StyleDemocracy for ThredUp to compete with.
ThredUp has been successful so far. They are on track to sell more than 10 million items a year, and have done so by focusing on women and children’s clothing and offering it at up to 80% off retail.
But with companies like Peacock Parade and Beyond the Rack unable to capture Canadians attention with thrift style products, we wonder if ThredUp will be able to mirror its American success in Canada.
No news yet as to when the online thrift store will officially launch in Canada, but we’ll be sure to keep you in the loop.