This test as told is based on a conversation with Ryan FrankelA 36 -year -old business owner in Miami. It was published for duration and clarity.
My main company is Thrift Vintage Fashion, which I launched in 2020 with my wife, Evelyn. We provide used clothing – Mainly men’s clothing, such as t -shirts, fleece sweaters and denim – for stores on a national scale. When Trump took office in January, our sales gained a sharp drop.
Once he came into office, there was a lot of uncertainty. However, we have noticed a significant slope once Prices were announced in February. From February to March, we saw an unprecedented increase of 41% of income (gross sales). Then we had our best walk and April since we started the business.
I cannot attribute our growth to something other than prices.
My family has been in this company for three generations
My grandfather began to sell second-hand clothes for men after the Second World War. In the 90s, my father mainly sold denim and Levi’s. When I started working with my father in 2010, we put the business online and obtained our name.
After launching Thrift Vintage Fashion, which is mainly a B2B company, she immediately broke out. We have achieved more than a million dollars in income during our first year Work out of our garage During the tip of the tip in 2020. This was mainly due to my work experience with my father in the previous decade and the improvement of the model and the efficiency of the order via the TVF website.
Vintage fashion warehouse Thrift. Renzo November
Once Trump has raised the prices, many of our customers contacted us
Many customers – mainly used clothing stores (large and small), vintage clothing stores and online resellers – have contacted if the The prices had affected our company. There was a lot of uncertainty, but we were able to say with confidence: “No, we are not affected and we are not going to increase our prices.” Since then, we have just seen a multitude of new orders enter, in addition to existing customers order much more.
Related stories
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Consumers Prepare prices to increase Another factor has increased our second -hand sales. Everyone talks about how fashion prices are increasing, but since the occasion has been circulating in the United States, no price affects it at all.
Ryan was able to maintain the prices of his customers, despite the pending prices. Renzo November
It seems that more people are interested in entering the resale sector
People are potentially Looking moreWhich positively affects my big business. We have experienced regular growth in the United States.
The United States has been our main market in the past three years, and we have seen growing new and existing resale customers. Our figures are increasing, our existing customers double their business and there is growing demand on the secondary market. I am partial, because it is my career, but it is an excellent opportunity for buyers and business owners to envisage Buy used goods.
There are so many things there: eBay, inheritance sale, garage sales or storage units. Many used goods are much better of quality than most things produced today, and there is growing demand for all of this. We buy more goods and build our supply chain, prepare growth in the large and retail sectors.
Ryan and his team are preparing for growth. Renzo November
The main challenges are the high costs of the collection, transformation and resale of these clothes
Believe it or not, many used clothing items cost more than many new clothes made today. Thus, our company is always against the perception of selling something used for the same price or more than new clothes. However, this perception changes daily, people recognizing the Second maint value Against a new inexpensive fashion.
Every day, we lose the old stigma of second -hand stores being considered “less than”. The fact is that the items we sell are in excellent condition. While many brands produce rapid and inexpensive fashion, older clothes were often made more permanently. Whether the clothes were made five or 15 years ago, many desirable styles have become rare by nature and difficult to find, thus increasing their value.
The collection, transformation and demand of second -hand items have a high cost. Renzo November
The desire of used objects will probably continue
If you already sell used items, it’s great; Respect it. You probably see increases already, and I think it will continue. If you do not sell used, especially if you worry about prices, I would plan to try to implement it in your existing business.
There are so many important things Used purchasing factors that the average American consumer recognizes slowly more every day. There are also opportunities to develop a brand receiving billions of used clothes in circulation. I believe that we have exceeded the days of “energy” bearing a negative connotation. Graking the surface of what is possible with the occasion.
If you are a small business owner with a unique story that you want to share, please send an e-mail to the publisher, manseen Logan, to mlogan@businessinsider.com.
businessinsider
