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Added: Aug 02, 2022
Last edited: Aug 10, 2022
Kid to Kid is a resale franchise that buys and resells used children and maternity items (clothes, strollers, books, toys, etc.) at affordable prices. Founded 30 years ago, this business case has thrived from positively boosting local economies to realizing a scalable franchise program.
Families spend large sums of money on clothing each year (£1,100 in the UK, Statista; $1,800 in the US, BLS), a considerable amount of which on childrenswear, and most of it is only worn for 2-3 months (Circos). This leads to an estimated 183 million tonnes of outgrown's children's clothing going to waste (Hubbub). Having such a short span of use per consumer, the distribution system for children's clothing is severely out of tune with the usage requirements of this product.
Kid to Kid is a brick-and-mortar resale franchise that buys and resells gently used children and maternity items (clothes, strollers, books, toys, etc.) at affordable prices. For incoming goods, clients are offered between 20-50% of the retail price and payout options are cash and store credit. Items that don't pass the quality requirements are donated by Kid to Kid to local charities.
As there is always demand for children’s clothing (particularly for a cheaper alternative to first-hand retail), the business model has shown to be recession-resistant. Founded in 1992 in the United States, it has expanded to Canada, Spain, and Portugal and now has over 100 stores.
Kid to Kid grew through a franchise ownership program: a documented business and investment plan, a training program, and ongoing support. Through this program, they have built a scalable business model backed by a successful franchise history.
Kid to Kid has a sister concept for teens and young adults called Uptown Cheepsake. In partnership with buildOn, they have funded the building of 15 schools in 7 countries affected by poverty.
By circulating goods within a community, Kid to Kid keeps the transport of these items local and maximises their potential usage (thus indirectly diverting wearable items from landfill). Chiefly, it pumps money back into its community.
The average Kid to Kid store puts $250000 a year back into the local economy.
In 2020 Kid to Kid:
– Kept 9 million items from landfills by resale
– Donated millions of clothing items to approximately 50 charities nationwide
– Paid out $13.5 million to local communities
Photo: The Nix Company ©Unsplash
Stretch the lifetime
Rethink the business model
Team up to create joint value
Incorporate digital technology
Maximise lifetime of products after use
Product business models
Community collaboration
Data and insights
Second-hand sale, distribution
Sale of durable, long-lasting goods
Give-back programmes
Internet enabled, connected operations
Ecological Impact
Social Impact
Economic Impact
Jobs
Cost Savings
Revenue Potential
Scalability
Reduce Material Consumption (SDG12)
Minimise Waste (SDG12)
circular fashion
circular textiles
secondhand
Lifetime extension
childrenswear
resale
kids
Scalability
clothing donation
secondhand markets
waste reduction
secondhand clothing
local
franchise
recession-resistant