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BusinessFeatured

Report: Resale market to more than double by 2026, US to lead the charge

The global fashion resale market is expected to grow 127 percent by 2026, three times faster than the broader retail clothing sector, according to a new report. That growth will be fueled by the US, where the second-hand market is expected to more than double to 82 billion dollars by 2026 - 16 times faster than the broader retail fashion market....

May 18, 2022

Report

ThredUp posts Q1 revenue growth of 31 percent

For the first quarter ended March 31, 2022, ThredUp Inc. reported total revenue of 72.7 million dollars, an increase of 31 percent year-over-year. For the second quarter, ThredUp expects revenue in the range of 75 million dollars to 77 million dollars, gross margin in the range of 67 percent to 69 percent and adjusted EBITDA margin loss in the...

May 10, 2022

Business

ThredUp releases report reviewing branded resale programmes

Resale platform ThredUp has revealed a new report offering a detailed review of brands and retailers that are currently operating dedicated resale programmes. Set to become a monthly index and measuring year-over-year (YoY), the Recommerce 100 has been conducted by resale analysts and tracks the adoption of resale initiatives as well as which...

Apr 22, 2022

Fashion Featured

thredUp tackles fashion's waste problem during music festival season

The merry parade of young Hollywood in bucket hats, tie dye shirts and cowboy boots is upon us again but the dark side of summer music festivals extends beyond Kanye’s last minute cancellation as headliner at Coachella. The waste associated with the summer festival period is an environmental nightmare. Thrifting website thredUP conducted a...

Apr 12, 2022

BusinessFeatured

Pacsun introduces resale offering with ThredUp technology

Multibrand retailer Pacsun has partnered with ThredUp to introduce a 360-resale programme that will allow customers to resell and shop second-hand clothing directly through Pacsun’s website. Pre-Loved Pac comes as part of ThredUp’s Resale-as-a-Service (RaaS) package, in which the technology company builds a white-labelled resale channel for a...

Apr 7, 2022

Report

ThredUp appoints first public policy and sustainability head

Resale platform ThredUp has taken another step in sustainable development at the company, appointing its first head of public policy and sustainability. Seth Levey will be tasked with leading the platform’s government affairs and policy initiatives to help drive the adoption of circular business models on a wider scale. He will also oversee...

Feb 24, 2022

Fashion Featured

ThredUp/And Just Like That Costume Designers' partnership shows how far secondhand clothes have come

Last week saw the release of And Just Like That, a reboot of HBO’s comedy series, Sex and the City, which ran for six seasons from 1998 to 2004, won four Emmy awards and spawned two movies. Today sees the launch of a special shopping partnership between the costume designers of And Just Like That, Molly Rogers and Danny Santiago, and ThredUP,...

Dec 16, 2021

Fashion Featured

Decarbonised dressing and the Store of the Future

New boutique A Circular Store in Brooklyn, New York, is not your average thrift store. While it is true that all the fashion is pre-owned, the merchandising speaks of something more modern and conceptual. Not the usual vintage shop cramped with rails of aromatic worn clothes, but rather of thoughtful curation and attention to detail. With its...

Dec 15, 2021

Schools

The Ellen McArthur Foundation releases book on circular design

The Ellen McArthur Foundation has released a book called Circular Design for Fashion. Focused on promoting circular design within the fashion world, it brings together brands and influential leaders in fashion to inspire a transformation within the industry. The book shares the stories of fashion leaders such as Gabriela Hearst, Marine Serre,...

Dec 3, 2021

Fashion

ThredUp releases Thrift for the Holidays report

ThredUp has released its Thrift for the Holidays report, revealing that nearly one in two consumers are considering secondhand alternatives due to supply chain concerns. The report, which is conducted by third-party retail analytics firm GlobalData, was based on a survey of 2,000 consumers. The report reveals a shift in attitude towards...

Nov 16, 2021

Business

ThredUp revenues hit 63.3 million dollars

ThredUp has reported that their third quarter revenues have reached a high of 63.3 million dollars, representing 35 percent growth-over-year. They have also reported a third quarter gross margin of 73 percent and gross profit growth of 41 percent year-over-year. ThredUp’s growth has been helped by the addition of a new distribution center in...

Nov 9, 2021

Retail

Crocs and ThredUp launch Clean Out program

Footwear brand Crocs and online resale program ThredUp have announced their Clean Out program. The program is designed to give preloved items a second life, using ThredUp’s resale-as-a-service platform. A part of Crocs’ commitment to become a net zero company by 2030, the program will allow customers to generate a prepaid shipping label and...

Nov 4, 2021