SOURCE: Move Loot

Move Loot

July 16, 2014 12:22 ET

Move Loot On-Demand Furniture Resale Triples Service Area, Launches in San Jose

Company Responds to High Demand in the Peninsula

SAN FRANCISCO, CA--(Marketwired - Jul 16, 2014) - Move Loot, the first curated, full-service online marketplace for secondhand home goods, announced that it has tripled its service area, expanding its service from San Francisco throughout the Peninsula into San Jose. Beginning today, San Jose residents can schedule on-demand pickup of items to sell, as well as shop online and schedule next-day delivery of items they've purchased, using the Move Loot mobile app or at www.moveloot.com.

Since its founding in October 2013, Move Loot has been growing revenue by 40 percent month-over-month. Founder Bill Bobbitt attributes much of the company's success to the green factor -- Move Loot makes it easier to buy high-quality secondhand pieces that will last years longer and help reduce waste, versus buying cheap, disposable goods that will fall apart after a short time. It combines the best features of traditional consignment shops with what has worked best for digital peer-to-peer marketplace offerings.

"Move Loot has become a very popular option in San Francisco, and we've had hundreds of requests to expand the service into San Jose in recent months," said Bobbitt, who co-founded Move Loot after his own frustrating experience relocating across the country and having trouble selling used home goods in his previous city and then stocking his new apartment in San Francisco.

How Move Loot works:

  • Sellers photograph furniture, and upload the photos and descriptions to Move Loot (via the mobile app or a laptop/desktop).
  • Move Loot collects the furniture, photographs it professionally, posts it online for sale, and stores it until it sells.
  • Buyers choose what they want via the mobile app or laptop/desktop, pay online and schedule next-day delivery to their doorstep via Move Loot movers.
  • Following the traditional consignment model, sellers get a portion of the selling price, but Move Loot handles all of the hassle.
  • In keeping with Move Loot's environmental values, items that don't sell are eventually donated to local charities.

Initially, Move Loot will serve San Jose out of its Dogpatch warehouse with a dedicated San Jose delivery and pickup team. In the near future, the company plans to open a separate warehouse to serve South Bay customers. Move Loot's San Jose operation will employ approximately 20 people to start, including operations managers and front-line customer care representatives.

Move Loot recently raised a $2.8M seed round of funding, and plans to launch at least one other new city before the end of the year.

About Move Loot
Move Loot is the first curated, full-service online marketplace for secondhand home goods. The company aims to not only make buying high-quality, stylish used goods easier, but also to reduce the amount of furniture that goes into U.S. landfills -- currently, 10.8M tons annually. Unlike peer-to-peer services or classified ads, Move Loot takes the burden off sellers by picking up their goods and selling them on their behalf, and the service includes professional photography, storage and next-day delivery to the buyer. Currently available in San Francisco and San Jose, Move Loot plans to expand its service to other major markets in the coming months. The company is backed by venture capital firms including First Round Capital and Index Ventures. Learn more at www.moveloot.com or follow the company on Facebook, Pinterest or Twitter.

Move Loot is a trademark of Move Loot Inc. All other trademarks contained herein are the property of their respective owners.

Contact Information

  • For information, contact:
    Michelle Faulkner
    Email Contact
    +1 617 510-6998