Beyond Retro’s Steven Bethell On the Future of Resale

Steven Bethell wears a lot of hats, both figuratively and literally.

He founded Bank & Vogue with his wife, Helene Carter-Bethell, in the ’90s, working out of their basement in Ottawa in Ontario, Canada, to supply goods to the Salvation Army. Bank & Vogue has since become a giant in the used clothing circuit, spawning the Beyond Retro chain of vintage stores across Europe, plus the Beyond Retro Label and Beyond Remade lines of reconstructed outfits; collaborating with the likes of Converse and Lucy & Yak; providing valuable grist for next-generation fiber producers such as Circulose.

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Bethell is also rarely seen without one of his signature chapeaus, including a wide-brimmed, tall-crowned fedora that would bring Pharrell to tears. In this lightly edited conversation, he waxes lyrical about everything from beavers to Elon Musk to the perils of plus-size denim. But he also shares his razor-sharp insights into the future of resale, whether upcycling garments is worth the trouble, the time he almost came to (respectful) blows with Patagonia and where legislation will take the industry next.

Rivet: How did you get involved in the sorting, resale and recycling business?

Steven Bethell: I hate to be that guy, but I just love clothes. I just love them. I don’t know if you’ve ever read the book “Regeneration: Ending the Climate Crisis in One Generation” by Paul Hawken—I highly recommend it—but in it, he talks about keystone species being critical to building ecosystems. For example, when they shot all the wolves in Yellowstone Park, there was species collapse. And in Canada—being the Canadian guy—we have beavers. They go along a river, then they dam it and create a pond. That pond creates all kinds of new forms of life.

And it’s a good analogy for our business at Bank & Vogue. We buy and sell containers of used clothes from 300 charities and private collectors across the United States, and in so doing, we create this ecosystem with new businesses like Beyond Retro and the upcycling work we do, for instance cutting the components and supplying much of the material for Converse’s upcycled Chuck Taylors. And being that beaver, we’re able to do this because we’ve got this scale of used clothes coming through our fingers.

We’re firm believers that the best thing to do is resale, in terms of the value hierarchy. But then the next thing is, can you make something out of something that already exists? You think about how Americans buy 450 million pairs of jeans every year. On average, a garment lives about two-and-a-half years. It’s insane! So, when we get those garments, why can’t we just make something else that didn’t exist? And that’s sort of our premise.