- Peekaboo Beans (BEAN) has seen consistent and strong sales growth for PK Replay, the company’s ESG business model
- Through the program, PK Beans sells its own branded styles from the previous season secondhand
- The company also sells repurposed products such as doll clothing, pet toys, and eco-conscious art kits from unsellable clothing
- This initiative sets PK Beans up to be a leader in the Canadian circular economy
- PK Beans is an integrated and innovative children’s wellness brand
- Peekaboo Beans Inc. (BEAN) is currently down 8.33 per cent, trading at $0.055 per share
Peekaboo Beans (BEAN) has seen consistent and strong sales growth for PK Replay, the company’s ESG business model.
PK Replay was first launched in the spring of 2020 as a way for PK Beans to make its products more accessible and keep textile waste out of landfills.
Through the program, PK Beans sells its own branded styles from the previous season secondhand, along with repurposed products such as doll clothing, pet toys, and eco-conscious art kits from unsellable clothing.
With the secondhand retail market expected to grow to $77 billion by 2025, PK Beans is an early adopter of this circular economy space in Canada.
PK Beans is proud to be a leader in the children’s secondhand clothing market, said the company in its press release.
Traci Costa, CEO of PK Beans, commented,
“With the high quality and longevity of PK Beans clothing, being able to offer a resell service to our customers is a beneficial revenue stream, as well as having a positive impact on our environment.”
The company will continue to make high-quality and durable children’s clothing, contributing to a booming secondhand supply and market while preserving and reducing the environmental impacts the apparel industry has on our planet.
“It’s a win-win situation,” said Ms. Costa. “It’s like seeing your purchase of our kids clothing, as a savings account for the future.”
PK Beans is an integrated and innovative children’s wellness brand.
Peekaboo Beans Inc. (BEAN) is currently down 8.33 per cent, trading at $0.055 per share as of 11:06 am ET.