Sustainability and demand for apparel make reselling used clothes an attractive option for brands, including Lululemon and Target.
The secondhand apparel business is growing faster than traditional and online retail.
The furniture giant is piloting a program in the U.S. aimed at keeping its furniture in circulation rather than in the landfill.
The Fashionphile investment follows a boom in the used goods market.
Goodwill is reporting a spike in donations.