Thredup Inc. Stock Price, News & Analysis

Pacsun has launched the Pre-Loved Pac, a 360-resale program in partnership with thredUP (NASDAQ: TDUP), allowing customers to exchange gently-used clothing for store credit and purchase secondhand items online. This initiative uses thredUP's Resale-as-a-Service to establish a digital resale channel, enhancing Pacsun's commitment to sustainability. The secondhand market is projected to grow 11 times faster than traditional retail by 2025, driven largely by millennials and Gen Z.

ThredUp Inc. (TDUP) reported a record quarterly revenue of $72.9 million for Q4 2021, a 68% increase YoY, with a gross margin of 66% and gross profit growth of 62%. The company achieved an annual revenue of $251.8 million, growing 35% YoY. Notable highlights include 1.7 million active buyers and 5.3 million total orders in 2021, marking 36% and 34% growth respectively. ThredUp expects 2022 revenue between $330 million and $340 million and is enhancing its infrastructure through new processing centers and strategic partnerships.

ThredUp Inc. (Nasdaq: TDUP), a leading resale platform for women’s and children’s apparel, announced participation in the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2022. CEO James Reinhart and CFO Sean Sobers will be speaking from 11:30 AM to 12:00 PM PT (2:30 PM to 3:00 PM ET). The event can be viewed live on ThredUp's investor website, with a replay available for 30 days. ThredUp is revolutionizing resale through technology, promoting sustainable shopping while offering significant discounts on premium brands.

ThredUp Inc. (Nasdaq: TDUP) is set to announce its preliminary financial results for Q4 and full year 2021 on March 7, 2022, following U.S. market closure. A conference call will be held at 1:30 p.m. PT / 4:30 p.m. ET, accessible via designated phone lines. ThredUp stands as a leading online resale platform for women's and kids' apparel, boasting over 125 million processed secondhand items. The company's mission focuses on promoting sustainable fashion by enhancing secondhand shopping experiences through technology and data science.

thredUP (NASDAQ: TDUP) announced the appointment of Coretha Rushing to its Board of Directors, bringing over 35 years of HR experience from companies like Equifax and Coca-Cola. Rushing's focus will be on employee health, wellness, and diversity initiatives as thredUP grows in the resale market. CEO James Reinhart emphasizes the importance of people in the company's strategy, especially in the evolving employee-employer landscape. Rushing's leadership experience in high-growth companies positions her as a key asset for enhancing workplace culture and retention.

ThredUp Inc. (Nasdaq: TDUP), a major resale platform for women's and children's apparel, has announced CEO James Reinhart and CFO Sean Sobers will speak at the Needham Growth Conference on January 12, 2022, from 10:15-10:55 PM PT (1:15-1:55 PM ET). The event will be webcast live on ThredUp's investor site, with a replay available for 30 days afterward. ThredUp aims to inspire consumers to consider secondhand options first, featuring over 125 million items and 35,000 brands, promoting sustainability in fashion.

thredUP (NASDAQ: TDUP) recently unveiled its 'Thrift for the Holidays' Report, revealing that nearly 50% of U.S. consumers are considering thrifted gifts due to inflation and supply chain issues. Key findings show that 52% of consumers worry about rising gift costs, with 62% finding secondhand gifts more socially acceptable than five years ago. Additionally, 72% of Gen Z shoppers are open to secondhand gifts, highlighting growing sustainability concerns. The report underscores a shift towards thrifting, emphasizing both financial savings and environmental benefits.

ThredUp Inc. (Nasdaq: TDUP), a leading online resale platform for women's and kids' apparel, announces CEO James Reinhart and CFO Sean Sobers will participate in several investor conferences. The events include:

• Needham 1st Annual Virtual Consumer Tech/E-Commerce Conference on November 22, 2021
• Credit Suisse 25th Annual Technology Conference on November 30, 2021
• Barclays Global Technology, Media and Telecommunications Conference on December 7, 2021

Live webcasts will be available on thredUP's investor website, with replays accessible for 30 days.