As resale sees skyrocketing growth, Trove is providing the technology platform and logistics brands need to control their own recommerce channels, allowing them to own their customer relationships and data, generate additional revenue, attract new and younger consumers to their brand, deepen customer loyalty, and drive sustainability by increasing the lifespan of their products. In-store pickup and alterations services available.
Trove clothing free#
Shipping is always free and returns are accepted at any location. Recommerce will account for 14% of the apparel, footwear and accessories market by 2024, or roughly $60bn, up from about 7% in 2020, according to research from Cowen. Find the latest selection of TROVE in-store or online at Nordstrom. “We’re thrilled to join forces with this group of prestigious investors to accelerate our expansion efforts and enable more brands and retailers to build successful resale channels that help them deepen their relationships with customers and reduce their environmental impact.” “Consumer demand for resale is soaring and premium brands know it’s now a strategic imperative to control their brand and stay close to their customers by owning their trade-in and resale channels instead of handing them over to third-party marketplaces,” says Andy Ruben, CEO of Trove. Trove, which powers circular shopping for Lululemon, Patagonia, Nordstrom, and Levi’s, will use the new funding to significantly expand its roster of brand partners, strengthen its technology and logistics infrastructure, enter the luxury vertical, and service a new customer audience in Europe.