267 – Becky Hsu of Capgemini – Driving Innovation with Legacy Systems
Fashion Is Your Business - a retail technology podcast
Anthony Marino, President of thredUP, joins Rob Sanchez on location in Palm Spring, CA at eTail West.
In this episode: How thredUP has changed over the years Buying used clothing online Offering 25,000-35,000 brands A managed marketplace Suppliers, and trying to take weight off our shoulders—how they get sent a postage paid bag, and then receive money for the pieces they provide Why there is not a whole lot needed to attract suppliers except to make it more and more easier Making thredUP different is the brands they carry The Instagram generation of shoppers—how people don’t want to be seen in same clothing many times, with a record on their feed Considering that suppliers don’t want to be conspicuous A vision of a healthier and cleaner world How the thredUP platform is made for an evolution of brands to capture more unused items to be purchased Value prop – when you’re done with a piece of clothing, you’re not stuck with it How thredUP takes items that have very little attribution and gives them value. thredUP has a no data problem—it actually has to create data A hybrid of computers and people—key a piece is getting info to shopper to make it easy Many customers are millionaires——shoppers are shopping for different reasons