Freepry

Freepry

Software solution which enables physical fashion stores to offer second hand goods in person and through online platforms. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues<1m1.1m
% growth-16 %
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DateInvestorsAmountRound
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N/A

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€1.4m

Seed
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N/A

Acquisition
Total Funding€1.4m

Recent News about Freepry

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Freepry is a dynamic startup operating in the second-hand retail market in France. The company provides a platform that helps retail stores, both independent and branded, to increase their turnover and customer loyalty by integrating second-hand goods into their sales strategy. With the growing trend of second-hand shopping, which is projected to make up 27% of the French wardrobe by 2023, Freepry offers a timely solution for retailers facing challenges such as overstocked inventory and stiff competition.

Freepry's business model is straightforward: it partners with retail stores to help them sell second-hand items. This not only helps stores clear out unsold inventory but also attracts a new segment of customers who prefer sustainable shopping options. By doing so, Freepry helps stores increase foot traffic and sales, thereby boosting their overall turnover. The company makes money by charging these retail partners for the service, either through a subscription model or a commission on sales facilitated through their platform.

The primary clients of Freepry are retail stores in France, ranging from small independent shops to larger branded stores. These clients benefit from Freepry's expertise in the second-hand market, gaining access to a broader customer base that is increasingly leaning towards sustainable and cost-effective shopping options. Freepry also provides valuable insights and data to help these stores better understand consumer behavior and optimize their inventory management.

In summary, Freepry operates in the burgeoning second-hand retail market, offering a valuable service to retail stores looking to boost their sales and customer loyalty. By helping these stores tap into the growing demand for second-hand goods, Freepry positions itself as a key player in the sustainable retail space.

Keywords: second-hand retail, turnover increase, customer loyalty, sustainable shopping, inventory management, retail partners, France, consumer behavior, sales optimization, market trends.