Style Fashion
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Fashion costs money. And because we can’t simply frolic publicly in our birthday suits just yet, clothes are an inevitability. Like most of us, fast fashion is a cheap and cheerful way to get what we want and need without breaking the bank, but it turns out that spoiling ourselves could pay off. That’s because consignment services are popping up online, and a lot of these places have members selling their like-new goods for up to 50 per cent of how much they paid.

ThredUp is one of those services, and its recent Resale Report suggests the business model has worked. At a glance, the report states that one member was able to sell a $228 Michael Kors tote in just five minutes for $109, while another seller sold a $235 pair of Tory Burch flats for $140 in the same amount of time. Not too shabby for used purses and shoes you probably weren’t ever going to wear again, right?

In Canada, we have LAB Consignment, Trend Trunk and Boomerang Kids to name a few, so this isn’t just an American phenomenon. It’s worldwide, because living is expensive, and we occasionally want a nice thing or two. It got us thinking about what big names are actually producing returns, so we looked at ThredUp’s 2014 survey to find out. Dig through your old clothes – if you have one of these brands, you could be walking away with some quick cash: