Second-hand fashion platform ThredUp has reported a 26.7 percent increase in revenue in the second quarter of the year as the red-hot resale market continues to grow. For the three months to June 30, the company’s revenue was ahead of expectation, hitting 59.96 million dollars, up from 47.34 million dollars a year earlier, which CEO and...
Aug 11, 2021
ThredUp Inc., one of the largest online resale platforms for women’s and kids’ apparel, shoes, and accessories, has begun its international expansion strategy by entering into a definitive agreement to acquire Remix Global AD, one of Europe’s leading fashion resale companies. The acquisition will accelerate ThredUP’s growth plans in Europe,...
Jul 26, 2021
US denim brand Madewell has launched a new second-hand fashion platform with the help of resale giant ThredUp. The new platform, called ‘Madewell Forever’, harnesses ThredUp’s resale-as-a-service (RaaS) to give preloved women’s jeans a new lease of life. Launched on Tuesday, the platform currently has over 3,000 products, with new styles added...
Jul 20, 2021
US fashion resale platform ThredUp has teamed up with LG Electronics USA, a subsidiary of South Korean electronics giant LG, to launch a charitable apparel clean-out program. The tie-up, which marks the first time ThredUp will offer its Resale-as-a-Service (RaaS) to a non-fashion brand, aims to help consumers extend the life of their garments...
Jul 15, 2021
Within the next five years, the second-hand apparel market is expected to reach 77 billion dollars, according to a new report. Analysts say that a convergence of driving forces are making shoppers “think second-hand first”. A new research by ThredUp based on GlobalData’s findings confirms the U.S. consumers’ preference for more sustainable...
Jun 28, 2021
When Etsy snapped up Depop for 1.6 billion dollars investors took note. Dubbed the “resale home for Gen Z” by Etsy CEO Josh Silverman, the app, which counts over 30 million registered users, has enormous potential to be scaled. Expansion would see the company grow its share in a booming and growing resale market, which according to analytics...
Jun 11, 2021
US apparel resale platform ThredUp has announced it will provide American luggage and handbag company Vera Bradley, Inc. with its Resale-as-a-Service (RaaS). Vera Bradley will give its online and in-store customers the opportunity to fill what it refers to as ‘Clean Out Kits’, with the apparel, shoes and accessories they want to do away with....
May 12, 2021
ThredUp has seen a very successful IPO launch. The resale platform opened trading today at 14 dollar per share and as of 1:15 pm, shares exceeded 18 dollars. Despite the success of their IPO, ThredUp operated at a net loss of 48 million dollars in 2020, according to an SEC filing. While the resale market is still growing, it’s very hard for most...
Mar 26, 2021
Fashion resale platform ThredUp is aiming to raise up to 168 million dollars in its upcoming IPO. The US company said Thursday it plans to sell 12 million shares of its Class A common stock at a price of between 12 dollars and 14 dollars, the upper range of which would raise 168 million dollars and value the business at around 1.3 billion...
Mar 18, 2021
ThredUp teamed with Christian Siriano to help the designer show secondhand clothing on his New York Fashion Week runway. Siriano selected three of his own designs that were available through ThredUp’s online resale site, which he then repurposed and showed on the runway alongside his Fall 2021 collection. Siriano’s repurposed pieces included a...
Feb 26, 2021
Fashion resale platform ThredUp has announced the appointment of former Match Group CEO Mandy Ginsberg to its board of directors. Ginsberg spent 14 years at Match Group, which owns and operates a global portfolio of popular online dating services including Tinder and Match.com. During her time there, she held a number of executive roles,...
Feb 2, 2021
ThredUp has created a logo that will serve as the first universal symbol for used secondhand clothing. In partnership with designer Christian Siriano, the clothing resale platform has introduced what it calls the "Thrift Logo." The Thrift Logo was created to allow secondhand garments to become recognizable objects that stand for sustainability,...
Dec 8, 2020
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