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CPG / Retail

Resale Clothing Company thredUP gets $175M in Funding

NEW YORK (Reuters) – Online resale store thredUP said on Wednesday it received $175 million in funding which it will use to expand its platform to offer resale clothing services to retailers.

Last week, the department store chains J.C. Penney …

By Devin Murphy
Devin Murphy Core Fellows Lead
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‘It’s Relatively Easy to Build a $1 Million Business’: Why DTC Brands Expand to Services

About seven years ago, industrial designer Simon Enever found himself in a dentist chair. He was getting a routine checkup, and instead of talking about toothaches he ended up talking with the oral health professional about industry pains. The dentist, …

By Devin Murphy
Devin Murphy Core Fellows Lead
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Why Airbnb, Target, and Walmart are Betting on the Experience Economy

Consumers are increasingly choosing to spend their money on experiences rather than material goods. To keep up, retailers are trying to sell their customers both. More U.S. malls are sparing space for experiential offerings then ever, and now, the already …

By Devin Murphy
Devin Murphy Core Fellows Lead
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