Sunday, July 25, 2010

Week 2 Current Event

Recycled clothing becoming a popular trend again in fashion, with two used retail clothing stores open in a metro area in Colorado in the last two months. These used clothes are usually referred to as recycled clothes and are generally priced at 70 to 80 percent below retail price. One resale clothing store has a demographic of women between the ages of 30-50 years old and sells name brand clothing. According to the owner of Clothes Mentor Jim Gresham said that he got involved in this business because it was interesting market. Another recycled clothing store in Colorado that just opened is Uptown Cheapskate and owners said that customers have been buying and filling the racks in the past month. They believe that due to the poor economy that retail chains like these are rising. One other chain in Colorado called Plato’s Closet has been opened since 2003 says they have had booming business since the economy went bad. These type of stores will thrive during and even after a recession and in any economic condition due to the fact that consumers are starting to go into a green mode and beginning to recycle more.

http://coloradocommunitynewspapers.com/articles/2010/07/26/centennial_citizen/news/15_hs_used_clothing_ce.txt

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