Central Park Resale (CPR) Brings Consignment, Resale and Thrift Store to Central Park West Community; Location is First Resale Store in CPW Community
1,400 Square Foot Space Gives New Yorkers Opportunity to Buy, Sell, Upcycle, and Thrift Shop All in One Place; Boutique Responds to Secondhand Market, Projected to Double in the Next 5 Years
By: Central Park Retail
Created and owned by Tanya Young Williams, a well-known African American businesswoman, advocate, TV personality, and inspirational speaker, Central Park Resale will incorporate the following: consignment of high-end luxury items; resale of stylish, gently worn fashions; sale of affordable and trendy thrift clothing (under $15); and a gallery offering exposure to independent designers, trunk shows, artists, and original art pieces.
"As a Black woman business owner in Central Park West, it's important that Central Park Resale is welcoming to all people regardless of socio-economic status, race, gender-identification or sexual orientation,"
For Young Williams, who was a cast member on season one of Basketball Wives, the timing could not be better for the opening of a resale store in the heart of the Central Park West neighborhood. "Not only is New York City coming back post pandemic, but the concept of upcycling and reselling has never been more popular than it is now," Young Williams said. "And what we are offering – a diverse, yet complimentary combination of consignment, resale, thrift and space for popups – is the first of its kind in the Central Park West community."
Young Williams is riding a trend. According to GlobalData Market Sizing, the secondhand market is projected to double in the next five years reaching $77 Billion. Resale, the sector of secondhand that features curated assortments, is specifically driving that growth. Further, thrifting, which grew in popularity during the pandemic, is expected to continue to gain traction. A GlobalData consumer survey, in fact, found that 33 million consumers bought secondhand apparel for the first time in 2020 and 76 percent plan to increase their spend on secondhand clothing in the next five years.
"As a mom of two teenagers and daughter of a 30-year retail store owner, I know this space well," Young Williams adds. "Central Park Resale is meant to serve the needs of the young, trendy customer looking for unique, curated finds at an affordable price, as well as cater to the savvy and experienced New York shopper searching for high-end consignment finds, and potentially a spot to purge part of their closet. We are excited to say we have it all."
Central Park Resale's 1,400 square foot space will be designed by celebrity fashion designer Victoria Shaffer of Victoria Shaffer Designs and offer a place for artists, designers, and shoppers to gather – complete with arcade games, couches and fun music. Central Park Resale has committed to giving 40 percent of all thrift department sales back to the store's non-profit partners; 60 percent of consignment sales go back to the consigner; and for the resale department, 30% of the anticipated sale price goes back to the seller.
Learn more at https://centralparkresale.com.