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ThredUp Inc (TDUP) operates a leading online resale platform transforming how consumers engage with sustainable fashion. This page consolidates all official company announcements, financial disclosures, and market developments for investors, analysts tracking the $30B+ apparel resale sector.
Access real-time updates on earnings reports, strategic partnerships, and sustainability initiatives that define ThredUp's position in the circular fashion economy. Our curated feed includes press releases about Resale-as-a-Service (RaaS) collaborations, inventory technology advancements, and consumer trend analyses relevant to the secondhand apparel market.
Key content categories include quarterly financial results, operational expansions, leadership updates, and environmental impact metrics. Investors gain insights into revenue drivers like the clean out bag program and cross-retail partnerships, while eco-conscious users track progress toward waste reduction goals.
Bookmark this page for streamlined access to verified information about ThredUp's market performance and industry leadership. Check regularly for updates on initiatives shaping the future of sustainable e-commerce and circular retail models.
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.
ThredUp Inc. (Nasdaq: TDUP) reported a record revenue of $63.3 million for Q3 2021, marking a 35% year-over-year growth. Gross profit grew by 41% to $46.1 million, with gross margin increasing to 73%. Active Buyers reached 1.4 million, and orders grew by 28% year-over-year. ThredUp announced a new distribution center in Texas, anticipated to more than double capacity. The company also completed the Remix acquisition, expanding into Europe. Expected Q4 revenue is between $69 million and $71 million.
Crocs, in partnership with thredUP, has launched a new Clean Out program aimed at promoting sustainability in footwear. The initiative allows customers to send used Crocs and other apparel to thredUP, where items are inspected and listed for resale. This program supports Crocs' goal to achieve net zero carbon emissions by 2030. Customers can generate prepaid shipping labels and receive shopping credits for their contributions. This partnership aligns with Crocs' broader sustainability efforts, including responsible resource use and waste reduction.
Vopero, the fashion resale marketplace in Latin America, has announced a $7.5 million investment from Grupo Axo and thredUP. Founded in November 2020, Vopero aims to scale its operations in Mexico and Latin America, leveraging the resources of its investors. Since its launch less than a year ago, Vopero has onboarded over 3,000 sellers and achieved a 70% repeat customer rate, processing more than 80,000 secondhand products. The company focuses on promoting sustainability and democratizing access to fashion through its technology platform.
ThredUp Inc. (Nasdaq: TDUP) will announce its third-quarter financial results for 2021 on November 8, 2021, after the U.S. market closes. A conference call will follow at 1:30 p.m. PT / 4:30 p.m. ET, available via phone for U.S. and international participants. ThredUp, a leading online resale platform for women's and kids' apparel, is focused on promoting sustainable fashion by facilitating secondhand shopping. The company has processed over 125 million secondhand items, driving its mission to inspire consumers to choose secondhand first.
On October 7, 2021, adidas launched its Choose to Give Back program, aimed at promoting the circular lifecycle of apparel and footwear by enabling consumers to send back used items for resale or reuse. Powered by thredUP's Resale-as-a-Service platform, participants can send in any brand's apparel through the adidas Creator's Club app. The initiative addresses the fashion industry's significant waste problem, with 36 billion clothing items discarded annually in the U.S. adidas aims for circularity in sportswear while incentivizing users with rewards.
ThredUp Inc. (NASDAQ: TDUP) announced a significant expansion with a new flagship distribution center in Lancaster, Texas, investing $70 million and creating 2,000 jobs. This nearly 600,000 square foot facility will be thredUP's largest, featuring automation and over double the item capacity, reaching 16.5 million items across its network. Expected to begin processing in Q2 2022, the center will initially handle 500,000 items. This move reflects thredUP's commitment to meet growing demand for secondhand apparel and enhance its resale operations.
OAKLAND, Calif. and LOS ANGELES, Sept. 15, 2021 /PRNewswire/ -- Michael Stars partners with ThredUp (NASDAQ: TDUP) to provide a resale platform via ThredUp's Resale-as-a-ServiceⓇ (RaaSⓇ). This initiative aims to minimize clothing waste, with 95% of apparel potentially recyclable or reusable. Michael Stars joins other prominent brands like GAP and Madewell in adopting ThredUp’s technology, enhancing their circularity approach. Customers can clean out their wardrobes and receive compensation for quality items sent to ThredUp. The effort aligns with Michael Stars' commitment to sustainability and reduction of environmental impact.
ThredUp Inc. (Nasdaq: TDUP), a leading online resale platform for women’s and kids’ apparel, has announced that CEO James Reinhart and CFO Sean Sobers will participate in the 4th Annual Wells Fargo Consumer Conference on September 22, 2021, from 12:00 - 12:40 PM PT / 3:00 - 3:40 PM ET.
The event will be webcast live on thredUP’s investor website, with a replay available for 30 days afterward. ThredUp aims to inspire a sustainable shopping culture by facilitating secondhand sales, having processed over 125 million items from 35,000 brands.
ThredUp Inc. (NASDAQ: TDUP) announced that its IPO lock-up agreements will affect share sales. All directors and executive officers signed agreements restricting share sales until September 21, 2021. However, 20% of shares held by other employees became eligible for public sale starting May 12, 2021. Remaining shares under lock-up will be available for sale on August 27, 2021. ThredUp is a leading online resale platform for women's and kids' apparel, promoting sustainability and offering significant discounts.
