The start-up handles the entire income system from selecting up the products from sellers’ houses, to photographing, selling and shipping.
Sellpy declared in May possibly that it would double its warehouse potential in Sweden, to in the vicinity of 8 million objects each year, owing to powerful desire. Due to the fact Sellpy’s basis in 2014, more than 6 million objects have been sold as a result of the platform, it explained.
The next-hand current market is 1 of the quickest escalating economic sectors in just the style business, Sellpy and H&M explained in a joint statement on Monday.
H&M initial invested in Sellpy in 2015 and now holds a 70% stake.
“We see that the recognition and desire from our buyers for sustainable style is consistently escalating and is now likely increased than at any time,” H&M Germany supervisor Thorsten Mindermann explained.
“That is why we’re specially happy to be able to offer a new sustainable way of purchasing and selling style, in collaboration with Sellpy,” he additional.
Looking for to boost its environmental credentials and faucet into consumers’ escalating fears about the environmental cost of rapid style, H&M has in modern many years released trials these kinds of as classic clothes income and social gathering dress rental.