ThredUp has added a peer-to-peer selling option to its online thrift shop.
The company, which was founded by James Reinhart in 2009, has primarily operated as a managed marketplace for secondhand clothing up until now. People mail bags of clothes to the company’s warehouses where the clothing is sorted. Anything that meets ThredUp’s standards for resale is photographed and listed. If an item doesn’t meet the resale criteria, it’s reused or recycled. If the item sells, the original owner gets a cut.
Until now, peer-to-peer selling has been owned primarily by platforms like Poshmark, Depop, or eBay. By adding a peer-to-peer selling option to its shop, ThredUp aims to add more high-value items to its inventory.
