Retail

Gap partners with secondhand clothing retailer ThredUp

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Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York.

Brendan McDermid | Reuters

Gap is the latest retailer to dip its toes into the secondhand apparel market, following the lead of Macy’s, Nordstrom and others, in a bid to stay relevant in an industry shaken by changing consumer tastes.

The company announced Thursday it has partnered with resale platform ThredUp, which bills itself as the largest online consignment and thrift store. In select Gap, Banana Republic, Athleta and Janie and Jack stores, shoppers will now be able to drop off their used clothes, in exchange for credits to use at Gap’s portfolio of stores.

Macy’s, J.C. Penney



Source cnbc.com

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