Too many clothes & nothing to wear! Consumers never wear 80% of their wardrobe & studies show there's $6000+ of resale value in a consumer's closet, a $100 billion CDN market / $1 trillion USA market. Trend Trunk, www.TrendTrunk.com is Canada's leading fashion marketplace and an award winning company. The app & web-based platform enables consumers & brands to buy/sell/donate clothing in a fun, simple, social and secure way. Using its existing infrastructure, Trend Trunk will enter the U.S. market in Q1 2015. Trend Trunk is a better alternative for consumers than current options in the marketplace;
1. Ebay - complicated. Trend Trunk enables Sellers to easily post items in less than 60 seconds and has automated and simplified the shipping process for a Seller to get the item to the Buyer.
2. Craigslist - creepy. 100% of women surveyed do NOT want to meet with strangers when selling items in a marketplace. Trend Trunk manages the payment and shipping and provides ratings and feedback scores, thus providing a safe environment.
3. Consignment stores - costly & complicated. Consignment stores typically take up to 60% of the sale compared to 20% retained by Trend Trunk.
4. Donation Bins - costly. Charities only receive approximately 10 cents/lb from clothing put in donation bins. Trend Trunk Sellers can donate up to 100% of their net sale proceeds to any charity and may receive a tax receipt for the donation.
Trend Trunk has doubled revenue from 2013 to 2014 (revenue projected at $300,000) and 2015 sales are projected to be just over $1,500,000. The company has the foundation and team to become a world class company. Sean Snyder, Founder, has over 15 years entrepreneurial experience and grew his first start-up Preferred One (acquired 2010) from $0 to $40 million/year in sales within 5 years and built a 30-member team.