Tech
Why Americans Are Suddenly All In On Thrift Clothes
At ThredUp’s 600,000-square-foot warehouse in Suwanee, Georgia, roughly 40,000 pieces of used clothing are processed each day. The resale company’s logistics network, four facilities across the U.S., now rivals that of some fast-fashion giants. The global secondhand apparel market is expected to reach $367 billion by 2029, growing almost three times faster than the overall global apparel market. For years, Gen Z shoppers have been driving the rise of secondhand fashion. Now, rising prices and new tariffs announced by the White House earlier this year are pushing even more Americans to follow their lead. CNBC got a behind-the-scenes look at ThredUp’s operations to learn more about how new AI tools and tariffs are boosting America’s secondhand market.
00:00 Introduction
1:44 ThredUp’s resale machine
3:24 When tariffs hit fashion
5:33 AI and the future of shopping
Produced, shot and edited by: Lisa Setyon
Edited by: Andrea Miller
Narration: Ryan Baker
Animation: Emily Park
Additional Camera: Jeffrey Moustache
Senior Director of Video: Jeniece Pettitt
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AI, Tariffs And The Unexpected Rise Of Secondhand Fashion
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Tech
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McAfee CEO Chris Young: Here Are The Top Tech Threats In 2018 | CNBC
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Tech
What’s Stopping GLP-1s From Getting Cheaper
The push to make weight loss drugs more affordable is running into legal limits. Telehealth company Hims & Hers pulled a less expensive oral version of Wegovy after lawsuits from Novo Nordisk and rising regulatory scrutiny. The dispute centers on pharmaceutical compounding, which is legal for individualized patient needs, and whether it crossed into large-scale marketing. With semaglutide no longer in shortage, Novo says compounded versions are not justified. CNBC’s Brandon Gomez reports.
Produced and shot by: Charlotte Morabito
Edited by: Andrea Miller
Reporting by: Brandon Gomez, Annika Kim Constantino
Senior Director of Video: Lindsey Jacobson
Additional Footage: Getty Images
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Why Cheaper GLP-1 Drugs Are Facing Legal Battles
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A technical indicator could show that tech stocks still have positive momentum. Matt Maley of Miller Tabak and Chad Morganlander of Washington Crossing Advisors discuss with Eric Chemi.
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Facebook’s Mark Zuckerberg Teases Oculus Gloves: Bottom Line | CNBC
The Facebook-owned virtual reality company is developing a new device that interacts with its Rift headset.
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Facebook’s Mark Zuckerberg Teases Oculus Gloves: Bottom Line | CNBC
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