Retail News
New resale store at Euless' Glade Parks is aimed at fashion cheapskates
A cute Utah-based chain that specializes in used clothing is stepping up its DFW presence: Called Uptown Cheapskate, it's opening in Euless' Glade Parks, at 1220 Chisholm Tr., where it will sell trendy fashions, from Kate Spade sandals to Charming Charlie sweaters to Zara jeans to Frye silver booties, at a discount off retail price.
The store is actually a relocation from its previous location on Colleyville Blvd. in Colleyville, and celebrates its grand opening on September 16.
Uptown Cheapskate was founded in Salt Lake City, Utah, in 2009 and has since expanded to more than 80 locations in 23 states.
Their model is similar to the pioneering Buffalo Exchange chain, which was founded in Arizona in 1974, in that they allow you to buy, sell, or trade your clothes for cash or trade on the spot, although Buffalo Exchange has a history of paying slightly more money for your clothes than Uptown.
Uptown offers between 25 and 35 percent of what the item will eventually be priced at, with the higher percentage going for in-demand brand names like Lululemon, Free People, or Zara, and a lower percentage for mass-produced brands.
How that breaks down: An item that was $100 retail would be priced in the $25-35 range, with your cut somewhere around $10 in cash and slightly higher in store credit.
Uptown also skews slightly younger and more female. The chain has 11 locations around DFW, from Addison to Frisco to Richardson to Fort Worth.
If you've read The Conversation, you already know that used clothing has become a massive force that is reshaping the fashion industry. In 2019, secondhand clothing sales grew 21 times faster than regular retail, helped by a proliferation of sites like poshmark and thredup.
Clothing production accounts for 10 percent of the world’s carbon emissions and have a negative impact on the environment, especially "fast fashion" sold at chains like H&M, which gets tossed aside often after only one wearing. Used clothing stores provide a sustainable alternative.
