Organization retailer brings sustainability to
closet clean outs
The Container Store Group, Inc. (NYSE: TCS), the leading
specialty retailer of organizing solutions, custom spaces, and
in-home services, and thredUP, (NASDAQ: TDUP), one of the largest
online resale platforms for apparel, shoes, and accessories, today
announced a Closet Clean Out resale program that allows customers
to resell gently-worn items for shopping credit at The Container
Store. The Closet Clean Out program is powered by thredUP’s
Resale-as-a-Service® (RaaS®), which enables the world's leading
brands and retailers to deliver customizable, scalable resale
experiences to their customers. The Container Store is the first
custom closets retailer to collaborate with thredUP.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230501005196/en/
The Container Store Announces a Clean Out
Resale Program Enabled by thredUP’s Resale-as-a-Service® (Photo:
Business Wire)
“We at The Container Store believe in the power of organization
to transform lives, and as a company, we are committed to a
sustainable future for ourselves and our planet,” said Melissa
Collins, Chief Marketing Officer of The Container Store. “We could
not be happier with this program, where our customers can give new
life to their belongings as they clean out and organize their
spaces – and be rewarded with Container Store credit in the
process. Together, we can slow fashion waste and reduce its impact
on our planet.”
Beginning May 1, customers can earn an eGift Card to The
Container Store for sending in their gently-worn women’s and kids’
clothing, shoes and accessories. To participate, customers can pick
up a thredUP Clean Out Kit from any of The Container Store’s 97
retail stores or generate a prepaid shipping label from
containerstore.thredup.com, fill any shippable box or bag with
apparel, shoes, and accessories from any brand in their closet, and
ship it to thredUP for free. For items that sell on thredUP,
customers receive an eGIft card that can be used at both The
Container Store and online at containerstore.com.
To kick off the program, The Container Store and thredUP are
sponsoring a giveaway on Instagram where three winners will each
receive a $500 eGift card to The Container Store and a $500 thredUP
gift card. The giveaway will close on Friday, May 5 at 11:59 PM
CST. Winners will be chosen and notified by Friday, May 12.
“thredUP was founded to solve a simple problem that most
Americans face, which is having too many unworn clothes in our
closets,” said James Reinhart, CEO of thredUP. “We've pioneered the
simplest way to clean out your closet with our signature Clean Out
Kit, and making those available at The Container Store, the go-to
destination for home organization, offers customers yet another
convenient way to give those clothes a second life. Together, we're
reaching a new segment of American consumers to drive greater
impact.”
The Closet Clean Out launch will coincide with The Container
Store’s Sustainable Living event, when stores will highlight The
Container Store’s curated assortment of sustainably-sourced product
offerings. The Container Store is dedicated to helping its
customers reduce the use of single-use plastic and environmentally
harmful cleaning products and practices, and highlighted offerings
will cross a variety of categories, including food preservation and
hydration, recycling and composting, and natural cleaning.
About The Container Store
The Container Store Group, Inc. (NYSE: TCS) is the nation’s
leading specialty retailer of organizing solutions, custom spaces,
and in-home services – a concept they originated in 1978. Today,
with locations nationwide, the retailer offers more than 10,000
products designed to transform lives through the power of
organization. Visit www.containerstore.com for more information
about products, store locations, services offered and real-life
inspiration. Follow The Container Store on Facebook, Twitter,
Instagram, TikTok, YouTube, Pinterest and LinkedIn.
About The Container Store’s Commitment to
Sustainability
The Container Store believes in transforming lives through the
power of organization – and doing so as sustainably as possible. As
a company that cares deeply about our impact on people and the
planet, we are dedicated to searching the world over to bring our
customers sustainable products. These offerings include those made
from easily renewable or recycled resources, those that are easily
recycled or composted, or those that promote the health of our
environment and homes. We’re proud to make a difference through our
commitment to sustainability, and will continue to evaluate our
suppliers, materials, and sustainability practices to ensure we are
doing all we can to protect our environment. For more details see
our in-depth sustainability guide or our 2021 Sustainability Report
(PDF).
About thredUP
thredUP is transforming resale with technology and a mission to
inspire a new generation of consumers to think secondhand first. By
making it easy to buy and sell secondhand, thredUP has become one
of the world's largest online resale platforms for apparel, shoes
and accessories. Sellers love thredUP because we make it easy to
clean out their closets and unlock value for themselves or for the
charity of their choice while doing good for the planet. Buyers
love shopping value, premium and luxury brands all in one place, at
up to 90% off estimated retail price. Our proprietary operating
platform is the foundation for our managed marketplace and consists
of distributed processing infrastructure, proprietary software and
systems and data science expertise. With thredUP's
Resale-as-a-Service, some of the world's leading brands and
retailers are leveraging our platform to deliver customizable,
scalable resale experiences to their customers. thredUP has
processed over 137 million unique secondhand items from 55,000
brands across 100 categories. By extending the life cycle of
clothing, thredUP is changing the way consumers shop and ushering
in a more sustainable future for the fashion industry.
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version on businesswire.com: https://www.businesswire.com/news/home/20230501005196/en/
Investors: ICR, Inc. Farah Soi/Caitlin Churchill,
203-682-8200 Farah.Soi@icrinc.com Caitlin.Churchill@icrinc.com
Media: The Container Store Group, Inc. Katelyn Clinton,
972-538-6000 publicrelations@containerstore.com
Media: Kayla Wilkinson, media@thredup.com
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