At the high end of the market, a slew of start-ups have launched luxury resale sites that let consumers recycle their clothing in exchange for cash or credits they can use towards future purchases. But the kind of clothing donation programs that appeared on the high street had yet to be adopted by traditional luxury retailers. Until now.
Founded by Christine Rizk and Anna Palmer, Boston-based e-commerce site Fashion Project, which sells donated, pre-owned luxury fashion and has raised $4.6 million in funding, has formed partnerships with several major American retailers, including Nordstrom and, most recently, Neiman Marcus and Bergdorf Goodman, to launch luxury fashion donation programs. (The company donates fifty-five percent of net proceeds from donations to its charity partners).