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. (TDUP) is an online resale company that describes itself as one of the world’s largest platforms for secondhand apparel, shoes, and accessories. The ThredUp news feed on Stock Titan aggregates company announcements, earnings releases, and industry updates that reflect how the business is evolving as an AI-first resale marketplace and participant in the circular fashion movement.
Investors and followers of ThredUp’s stock can use this page to review quarterly results, including revenue trends, gross margin performance, adjusted EBITDA from continuing operations, and changes in active buyers and orders as reported in the company’s earnings press releases and related Form 8-K filings. These updates provide insight into how ThredUp’s technology investments, marketplace scale, and Resale-as-a-Service partnerships are affecting its financial profile.
Beyond financial results, ThredUp’s news often highlights developments such as new AI-powered shopping features, rebranding efforts, consumer research like its Holiday Report on secondhand gifting, and progress on environmental, social, and governance (ESG) initiatives detailed in its Impact Report. Governance updates, including board appointments and committee leadership changes disclosed through 8-K filings, also appear in the news flow.
This page is useful for tracking how ThredUp positions itself within electronic shopping and retail trade, how it communicates its role in circular fashion, and how management discusses strategy, technology, and sustainability. Bookmark this news feed to quickly access ThredUp’s latest press releases, conference participation announcements, and SEC-linked news items in one place.
thredUP (NASDAQ: TDUP) released its 2022 Resale Report, indicating that the U.S. secondhand market will more than double by 2026, reaching $82 billion. The report highlights the growth in online resale, projected to quadruple, making it the fastest-growing sector. Notably, 58% of consumers found secondhand shopping helpful during inflation, with 80% buying more secondhand items. Brands embracing resale have grown 275% since 2020, showcasing a shift in consumer behavior towards sustainable shopping.
ThredUp Inc. (Nasdaq: TDUP) reported a strong first quarter of 2022 with revenues of $72.7 million, marking a 31% increase year-over-year. Gross profit rose 26% to $50.2 million, with a gross margin of 69.1%. The company achieved a record of 1.7 million active buyers and processed 1.6 million orders, up 33% and 45%, respectively. However, ThredUp incurred a net loss of $20.7 million, slightly worsening from the previous year's loss. The company continues to invest in expanding its processing capabilities and enhancing its Resale-as-a-Service offerings.
thredUP (NASDAQ: TDUP) has launched the Recommerce 100, a monthly index tracking brands' resale programs and their environmental impact. The index shows that in 2022, the number of new resale shops is projected to surpass previous totals, with 41 brands having 133K listings. Small brands lead the way, while larger brands are underperforming with resale penetration under 0.1% of total revenue. By 2025, resale is expected to grow 11 times faster than retail. The Recommerce 100 will be updated monthly, with the next update in May.
ThredUp Inc. (TDUP), a leading online resale platform for women's and kids' apparel, will release its financial results for Q1 2022 on May 9, 2022, post-market close. A conference call will be held on the same day at 1:30 p.m. PT / 4:30 p.m. ET, accessible via designated phone lines and webcast. The company focuses on promoting secondhand shopping, featuring over 125 million unique items from 35,000 brands. ThredUp's platform allows both buyers and sellers to engage sustainably, with potential savings of up to 90% on retail prices.
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.
Summary not available.
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.
FAQ
What is the current stock price of Thredup (TDUP)?
What is the market cap of Thredup (TDUP)?
