Closetbox is a brand new fashion website which allows you to sell unwanted clothes, but unlike Ebay there is no bidding -- you just name your price and sell your items.
Better still, you could pick up a one-off from the designer's Boutique section -- ranging from avant garde House of Blue Eyes designs to vintage jewellery from Cristalina Inc or Corrina Smith.
Best of all, ten percent of all profit from the site goes to the charity Wateraid, so these fashions have a feel-good factor too.
Why This Trend Is Growing
- Socially Responsible Fashion
- Closetbox's commitment to donating a portion of its profits to Wateraid opens up opportunities for other fashion companies to incorporate charitable giving or ethical sourcing into their business models.
- Direct-to-consumer Selling
- The 'name your price' feature on Closetbox eliminates the need for bidding, creating a seamless transaction process and opening up opportunities for other businesses to explore direct-to-consumer selling models.
- Curated Online Marketplaces
- Closetbox offers a curated shopping experience, with a selection of unique designer pieces that may not be found elsewhere; other companies can look into curating their own online marketplaces, particularly in niche markets.
Industries Being Reshaped
- Fashion E-commerce
- Closetbox's online platform and direct-to-consumer selling model adds disruption to the fashion e-commerce industry, giving customers a new way to buy and sell fashion items.
- Charitable Retail
- Closetbox's commitment to donating a portion of its profits to Wateraid may inspire other retail companies to incorporate charitable giving into their models.
- Online Marketplaces
- Closetbox's curation of designer and vintage pieces presents an opportunity for other businesses to explore curated online marketplaces that stand apart from more crowded marketplaces like Amazon and eBay.
