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ThredUp to power resale for Vera Bradley through RaaS

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

Business

ThredUp shares jump on IPO day

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

Report

ThredUp looks to raise up to 168 million dollars in IPO

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

Fashion

Christian Siriano turns the NYFW runway into a resale platform

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

Report

Former Match Group CEO joins ThredUp board

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

Fashion

ThredUp and Christian Siriano team to unveil ‘Thrift Logo'

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

Business

ThredUp files for IPO

ThredUp, a clothing resale platform, has said that it has confidentially submitted paperwork to the U.S. Securities and Exchange Commission for an initial public offering of its Class A common stock. The news was reported by Reuters. In a statement, the company said that size and price range of the common stock has not been determined. ThredUp’s...

Oct 21, 2020

Fashion

ThredUp rebrands itself with a new look

ThredUp has gotten a makeover. The popular secondhand retail site launched a new rebrand to better connect with a new generation of thrifters who are proud to wear used clothing. Creative agency Red Antler was selected to lead the rebranding effort. The resale retailer describes its new identity as "a creative direction inspired by thrifter...

Oct 8, 2020

Fashion

Rent The Runway and ThredUp team to give clothing new life

ThredUp has taken its goal of building a circular fashion economy to the next level, with a new partnership to sell pre-rented clothing. The secondhand retailer and Rent The Runway have announced a new partnership that will entail ThredUp selling retired items from the rental closet. Called "Revive by Rent The Runway," the collaboration will...

Sep 30, 2020

Retail

ThredUp: Resale market forecasted to reach 64 billion dollars in the next 5 years

The spread of the coronavirus has presented the vast majority of the fashion industry with uncertainty, as retailers had to close shop, fashion events were cancelled or postponed and consumer shopping behaviors changed. But, the resale market acted as a bright spot in this otherwise bleak reality: according to ThredUp’s annual Resale Report,...

Jun 24, 2020

Retail

Walmart in talks with thredUP to offer pre-owned fashion

Retail giant Walmart Inc. is entering the fashion resale market through its partnership with thredUP, an online consignment store for second-hand fashion and accessories. The deal will enable Walmart to expand its online fashion offerings. Walmart said that starting Wednesday, customers can browse nearly 750,000 pre-owned items across women's...

May 27, 2020

Retail

Clothing resale thrives despite economic downturn

The clothing resale market is thriving, despite the economic shift caused by the effects of the COVID-19 pandemic, according to ThredUp. Natalie Tomlin, a spokesperson for the popular resale platform, told FashionUnited that, “while resale isn’t immune to these downturns, we’ve seen before that when times are tough, resale tends to thrive.” She...

May 25, 2020