The resale clothing industry is booming with 2021 expectations to flourish further in the wake of post-COVID changes
According to the Business of Fashion, “Before the pandemic hit, the resale market was on track to double. Now, this growth may very well accelerate. Resale is coming out a big winner, mostly due to the pandemic’s effect on the economy.”
In 2019, the secondhand market was valued at $28 billion and with a forecasted 39 percent annual growth rate, it is positioned to reach an estimated $64 billion by 2024.
For entrepreneurs looking to capitalize on the incredible growth of the resale clothing industry, 2021 is the year to invest in an Uptown Cheapskate resale clothing business.
Uptown Cheapskate delivers trendy, name-brand clothes creating a demand for upscale resale shopping across the nation. Our franchisees offer a service that provides every customer the chance to look and feel great without sacrificing style or having to shell out big bucks for retail prices.
“Uptown Cheapskate exists to bring affordable styles to the masses,” says Scott Sloan, CEO of Uptown Cheapskate. “We’re a mainstream alternative to resale. We appeal to a wider customer base than our competitors because we focus on an upscale experience that doesn’t feel like resale. We’ve been rapidly growing for years, and we’re going to add hundreds of locations in the years to come.”
Sustainable shopping is the new black
The fashion industry has long been criticized for its detrimental effects on the environment and is considered one of the most pollutive industries in the world. In 2019 alone, destroying or disposing of single-use outfits generated 208 million pounds of waste, according to research done by thredUP.
If 2020 taught us one thing, it was “value”. Uptown Cheapskate offers value without sacrifice – we are helping save the planet one clothing item at a time by upcycling items and salvaging landfills without extra expense.
Our business model and design offer a valuable experience for both owners and customers. Our franchisees are passionate about bettering their community and the environment by supplying and investing in sustainable shopping.
Uptown Cheapskate is a brand with a noble purpose, and our franchise owners have the drive, dedication, and enthusiasm to improve both their business and surroundings. Each Uptown Cheapskate resale clothing business owner demonstrates our company mission by housing our effort to make a positive global impact.
“There’s a high cost for shopping new, and consumers are waking up to the fact that fast-fashion brands are big polluters,” says Chelsea Sloan Carrol, Co-Founder, and President. “Oil is the number one polluting economy in the world, and fashion is number two. If our customers are shopping for resale, they’re saving the environment and they look just as good as their friends who pay full price.”
Better Together means Uptown Cheapskate has your back
Uptown Cheapskate believes in the concept of Better Together – this means our franchise model is developed and dedicated to continual support.
With more than 80 locations throughout the country and more than 40 employees on staff at corporate, our dynamic network is engaged day in and day out to ensure the success of our franchisees. Since 2008, Uptown Cheapskate has been empowering entrepreneurs with a low-cost investment opportunity, a proven business model, and world-class support. Our team is committed to establishing your vision and optimizing customer flow, sales, and overhead.
Labeled by industry outlets as a best-bet investment for multiple consecutive years, our leadership team has spent more than a decade cultivating our franchise system for the interest of future entrepreneurs. Whether you have a background in the clothing industry or no business experience at all, Uptown Cheapskate has designed an industry-leading training program and ongoing support platform to benefit you and your vision.
“Our mission is to help franchisees be successful in our system,” says Scott Sloan. “Our goal is to drive profitability, manageability, and growth of each store. We do that by providing world-class franchisee support in all aspects of the business. We have a full-service marketing team, including social media experts, that makes it easy for franchisees to get the word out to their communities. We have a bookkeeping team to help our franchisees exceed their financial goals. Our support is robust, and we’re very active in ensuring that your business has all the tools you need to thrive.”
The resale clothing industry is the new fashion trend!
Are you ready to make a difference with your business that never goes out of style? Now is the time for entrepreneurs to start exploring Uptown Cheapskate resale clothing business opportunities.