Welcome to our dedicated page for ThredUp news (Ticker: TDUP), a resource for investors and traders seeking the latest updates and insights on ThredUp stock.
ThredUp Inc. (NASDAQ: TDUP) is a pioneering force in the apparel resale industry, providing an innovative online marketplace for women's and kids' like-new clothing, shoes, and accessories. Established in 2009 by James Reinhart, Chris Homer, and Oliver Lubin, ThredUp has revolutionized the way consumers perceive and purchase secondhand items by encouraging a 'secondhand first' mentality.
Underpinned by a mission to create a sustainable future in fashion, ThredUp offers over 25,000 brands, from everyday names like Gap to high-end luxury such as Gucci, at discounts of up to 90% off retail prices. The company is known for its Clean Out Bag, a convenient solution for individuals to sell their unwanted clothing and accessories. This service has streamlined the resale process and empowered consumers to contribute to an eco-friendly lifestyle.
ThredUp's operational excellence and cutting-edge technology have cemented its status as one of the world's largest online resale platforms. The company's proprietary operating platform includes a distributed processing infrastructure, advanced software, and robust data science capabilities. This ensures a seamless and scalable experience for both buyers and sellers.
Recently, ThredUp released its second annual Impact Report, highlighting its commitment to environmental, social, and governance (ESG) initiatives. The report, guided by the Global Reporting Initiative (GRI) and Sustainable Accounting Standards Board (SASB) standards, outlines ThredUp's ESG strategy and accomplishments throughout 2022. The company is dedicated to transparency and continual improvement in its business practices, with a strong focus on sustainability.
In addition to its marketplace, ThredUp offers Resale-as-a-Service® (RaaS®), enabling leading fashion brands and retailers to integrate customizable resale experiences into their own offerings. Through partnerships with brands like Rebag, ThredUp is expanding its reach and enhancing its market presence, providing consumers with flexible, scalable, and sustainable shopping options.
With over 172 million unique secondhand items processed from 55,000 brands across 100 categories, ThredUp is not just a marketplace but a movement towards more responsible fashion consumption. The company's efforts in driving circular fashion and extending the lifecycle of clothing have not only garnered consumer appreciation but have also positioned ThredUp as a key player in the $30 billion apparel resale industry.
Headquartered in Oakland, California, ThredUp continues to push the boundaries of the resale market, with a passionate team committed to innovation and sustainability. For more information, visit thredup.com/jobs.
ThredUp Inc. (Nasdaq: TDUP), a leading online resale platform for women's and kids' apparel, announced it will release its third-quarter financial results on November 14, 2022, post-U.S. market close. Following the release, a conference call and live webcast will take place at 1:30 p.m. PT (4:30 p.m. ET). ThredUp aims to inspire secondhand shopping, boasting over 137 million processed secondhand items from 55,000 brands. The company’s technology-driven platform enhances resale experiences, appealing to both sellers and eco-conscious buyers seeking premium apparel at significant discounts.
Hot Topic has launched Hot Topic Replay, a new resale program powered by thredUP (NASDAQ: TDUP). This initiative allows customers to buy secondhand items from Hot Topic and other pop culture brands while also offering them the ability to sell their gently-used apparel for store credit. The program is part of Hot Topic's commitment to sustainability, aiming to breathe new life into pop culture merchandise. With thredUP's extensive experience in resale, Hot Topic aims to create a seamless shopping experience, encouraging customers to engage with the brand in a more sustainable way.
thredUP (NASDAQ: TDUP) unveiled its inaugural Impact Report on October 4, 2022, detailing its progress on environmental, social, and governance (ESG) initiatives for 2021. The report highlights the processing of 137 million secondhand items and significant reductions in carbon emissions, achieving a 54% decrease in shipping emissions. The company emphasizes its commitment to sustainability, ethical practices, and community engagement.
ThredUp Inc. (Nasdaq: TDUP), a leading online resale platform for women’s and kids’ apparel, announced participation in the Wells Fargo 5th Annual Consumer Conference on September 21, 2022. CEO James Reinhart and CFO Sean Sobers will present from 11:20 AM PT to 11:50 AM PT. This event will be webcast live, and a replay will be available for 30 days post-event. ThredUp aims to promote sustainable fashion, having processed over 125 million secondhand items from 35,000 brands, offering buyers up to 90% off retail prices.
ThredUp Inc. (Nasdaq: TDUP), a leading online resale platform for women's and kids' apparel, announced that CEO James Reinhart and CFO Sean Sobers will participate in the Goldman Sachs 29th Annual Global Retailing Conference on September 8, 2022. The session is scheduled from 6:35-7:15 AM PST and will be available via live webcast on thredUP’s investor website. ThredUP has processed over 125 million secondhand items, promoting sustainability by encouraging consumers to consider secondhand shopping.
ThredUp Inc. (Nasdaq: TDUP) reported Q2 2022 revenue of $76.4 million, a 27% increase year-over-year, with a gross margin of 68.9%. Active buyers reached 1.7 million, reflecting 29% growth year-over-year, and total orders also grew by 40%. However, the company posted a GAAP net loss of $28.4 million, or 37.2% of revenue, compared to a 14.4 million loss last year. Looking ahead, ThredUp forecasts Q3 2022 revenue between $64 million and $66 million.
Tommy Hilfiger has launched a 360-resale program in partnership with thredUP, aimed at promoting sustainability and circular fashion in the U.S. The program allows consumers to send in pre-owned women's and kids' clothing, receiving shopping credits in return. This initiative aligns with Tommy Hilfiger's goal to become a circular brand by 2030. The program leverages thredUP's Resale-as-a-Service technology, enhancing the brand's sustainability efforts while appealing to eco-conscious consumers.
thredUP (NASDAQ: TDUP) has appointed Noelle Sadler as the new Chief Marketing Officer, marking the company's first dedicated CMO in nearly five years. Sadler, a seasoned ecommerce leader, previously served as CMO at Lulus and held roles at MAC Cosmetics. Her appointment aims to enhance marketing strategies to inspire a younger audience to consider secondhand options. thredUP has recently initiated several marketing campaigns, including a brand awareness push in Seattle and collaborations to combat fashion waste during major events.
ThredUp Inc. (Nasdaq: TDUP), a leading online resale platform for women’s and kids’ fashion, will release its financial results for Q2 ended June 30, 2022, on August 15, 2022, after U.S. market close. A conference call is scheduled for 1:30 p.m. PT / 4:30 p.m. ET on the same day. ThredUp's platform emphasizes sustainability by facilitating secondhand shopping, claiming to have processed over 125 million items from 35,000 brands. The company thrives on making resale accessible, appealing to both buyers seeking discounts and sellers looking to declutter sustainably.
ThredUp Inc. (Nasdaq: TDUP) announced that CEO James Reinhart and CFO Sean Sobers will present at the 4th Annual Wells Fargo "Bricks to Clicks" Digital Conference on June 28, 2022. Their presentation is scheduled from 11:40 AM to 12:10 PM PT. This conference focuses on the digital transformation in retail, highlighting ThredUp's role as a leading online resale platform for women's and children's apparel, shoes, and accessories. The event will be webcast live, and a replay will be available for 30 days.
FAQ
What is the current stock price of ThredUp (TDUP)?
What is the market cap of ThredUp (TDUP)?
What does ThredUp Inc. do?
How does ThredUp’s Clean Out Bag work?
What is ThredUp’s Impact Report?
What is Resale-as-a-Service (RaaS) from ThredUp?
How does ThredUp ensure the quality of its products?
What are the financial highlights for ThredUp?
Where is ThredUp headquartered?
Who are the founders of ThredUp?
How does ThredUp contribute to sustainability?
How can I join the ThredUp team?
