Thredup Inc. Stock Price, News & Analysis

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.

ThredUp, a leading online resale platform, reported another record quarter with a 27% year-over-year revenue growth, reaching $60 million. Gross margins expanded to 74%, contributing to a gross profit of $44 million, a 34% increase year-over-year. The company announced plans for international expansion with the acquisition of Remix in Europe, and established new Resale-as-a-Service® partnerships with major brands. However, ThredUp reported a net loss of $14.4 million for the quarter.

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 KeyBanc Technology Leadership Forum on August 12, 2021, from 9:00-9:30 AM PT. The event will be streamed live on thredUP’s investor website, with a replay available for 30 days. ThredUp aims to inspire consumers to prioritize secondhand shopping, boasting over 125 million processed items and a mission to promote sustainability in fashion.

ThredUp Inc. (Nasdaq: TDUP) announced the pricing of a public offering of 6,424,369 shares of its Class A common stock, priced at $24.25 per share. The offering includes 2,000,000 shares from ThredUp and 4,424,369 shares from existing stockholders. Underwriters have a 30-day option to buy 963,655 additional shares. Proceeds will be used for working capital and growth strategies. The offering is expected to close on August 2, 2021. ThredUp will not receive proceeds from shares sold by existing stockholders.

ThredUp Inc. (Nasdaq: TDUP) announced a public offering of 6,424,369 shares of its Class A common stock, which includes 2,000,000 shares to be sold by the company and 4,424,369 by existing stockholders. The offering may be adjusted based on market conditions, and underwriters have a 30-day option to purchase an additional 963,655 shares. Proceeds will support ThredUp's working capital and growth strategies. The firm will not receive funds from the shares sold by stockholders. Goldman Sachs, Morgan Stanley, and Barclays are leading the offering.