thredUP

thredUP, Inc. operates as an online clothing resale shop. It also provides shoes and handbags. The firm sells its products under the brand names J. Crew, Ann Taylor LOFT, Banana Republic, BCBGMAXAZRIA, Lululemon Athletica, Talbots, Free People, Lilly Pulitzer, and Madewell. The company was founded by James Reinhart, Chris Homer, and Oliver Lubin in January 2009 and is headquartered in Oakland, CA.

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thredUP reports solid Q4 results, eyes profitability amid market challenges

thredUP's Q4 2022 performance showed revenue growth and margin stability, with a focus on profitability.
Challenges include adjusting to changing consumer behavior and competitive promotional environments.
Opportunities lie in market optimism for resale growth, customer acquisition, and margin enhancement.
Strategic investments in operational efficiency and marketing effectiveness drive towards breakeven goals.

thredUP reports Q1 growth and operational focus for future success

thredUP's Q1 performance showed revenue growth, improved margins, and active buyer stability, with a focus on enhancing customer satisfaction and monetization.
While facing challenges in gross margins and processing times, the company is leveraging strengths in premium brand focus, cost control, and customer engagement dynamics.
Opportunities lie in cost reduction, customer segment growth, and sustained investor interest, positioning thredUP for continued strategic progress and operational success.

ThredUP reports revenue growth and margin improvement, eyes profitability

ThredUP reported solid financial performance with revenue growth and margin improvement, aiming for adjusted EBITDA breakeven in Q4 2023.
Strategic initiatives driving growth include marketplace acceptance, customer satisfaction, and expansion of Resale-as-a-Service.
Challenges lie in transitioning business models in Europe, managing competitive pressures, and adapting practices for different markets.
Opportunities exist in expanding distribution centers, adding new RaaS clients, and leveraging successful strategies for sustained growth.

ThredUp reports robust Q3 results, navigates challenges with strategic focus

ThredUp's Q3 performance reflects operational strength and strategic resilience amidst market challenges.
The company's focus on active buyer growth, margin expansion, and premium customer segments positions it for long-term success.
While facing near-term headwinds, ThredUp's strategic initiatives and evolving strategies present growth opportunities in a competitive market.

ThredUP reports revenue growth and margin improvement, eyes EBITDA breakeven

ThredUP's Q4 showed revenue growth and margin improvement, with a focus on achieving EBITDA breakeven in 2024.
Strategic AI initiatives and a shift to consignment present growth opportunities.
Challenges include consumer-related factors, but confidence in maintaining growth remains.
Overall, ThredUP is optimistic about 2024 based on past performance and strategic direction.

ThredUp reports Q1 growth, aims for AI transformation and profitability

ThredUp's Q1 performance reflects revenue growth, improved margins, and a strategic shift towards AI-powered operations.
The company's strengths include operational achievements, sustainability initiatives, and positive financial outlook for 2024.
Challenges include revenue uncertainties, marketing spend optimization, and balancing growth with profitability.
Opportunities exist in expanding services, leveraging AI technology, achieving financial stability, and driving brand growth.

ThredUp to divest EU business, focuses on U.S. growth

ThredUp faced challenges in Q2 but is taking strategic steps to address them, including divesting the EU business and focusing on the U.S. market. The company aims for EBITDA positivity in the U.S. and anticipates revenue declines in Q3 and Q4.

ThredUp excels in Q3, focuses on U.S. growth post-EU exit

ThredUp's Q3 performance in the U.S. was robust, with a focus on customer experience and operational improvements.
Exiting the European market and emphasizing U.S. operations signal a strategic shift towards growth and efficiency.
Investments in AI technology and a strong core business position ThredUp well for future revenue growth and profitability.

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thredUP, Inc. operates as an online clothing resale platform for apparel, shoes, and accessories. Its brands include J.Crew, Ann Taylor, Banana Republic, Lululemon Athletica, Talbots, and Madewell. It operates through the United States and Others geographical segments. The company was founded by James Reinhart, Chris Homer, and Oliver Lubin in January 2009 and is headquartered in Oakland, CA.

Madewell and ThredUP have collaborated to open A Circular Store at 89 N. 6th Street in Williamsburg, Brooklyn.

A Madewell And ThredUP Thrift Store Grows In Brooklyn

ThredUp Inc. TDUP, +1.05% said Thursday that it has partnered with clothing and accessories brand Madewell for A Circular Store, a secondhand shop in Brooklyn, NY that sells previously-owned Madewell items. The store will be open for a limited time, and is a bricks-and-mortar extension of the Madewell Forever e-commerce site that launched in July.

ThredUp and Madewell partner for Brooklyn secondhand store

Resale platform thredUP and apparel brand Madewell on Thursday (Sept. 23) opened an in-person pop-up shop in Brooklyn that will sell only secondhand clothes, including denim, dresses, jackets and sweaters, with prices ranging from $10 to $40 per item, according to a Footwear News report.

Madewell, thredUP Open Secondhand Pop-Up Shop

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The company operates an online platform for secondhand apparel catering to the US market with a market share of only 2% but has seen rising buyer growth of 35.9%. It has an extensive logistics network and partnerships with leading US retailers such as Macy's, Gap and Walmart to increase its presence.

ThredUp: Competitors Trading At Better Multiples

ThredUp Inc. TDUP, +3.24% said Tuesday that it will open a 600,000-square-foot distribution center in Lancaster, Tex. that will create 2,000 jobs.

ThredUp to open Dallas facility that will add 2,000 local jobs

Online resale platform ThredUp Inc (NASDAQ: TDUP) plans expansion of operations in Lancaster, Texas, in the Dallas-Forth Worth metroplex. The company will invest $70 million in capital for the new distribution center.

ThredUp To Open New 10M Item Distribution Center In Dallas Area

OAKLAND, Calif., Sept. 21, 2021 /PRNewswire/ -- ThredUp Inc. (NASDAQ: TDUP), one of the largest online resale platforms for women's and kids' apparel, shoes, and accessories, today announced the expansion of its operations in Lancaster, Texas in the Dallas-Forth Worth metroplex.

thredUP will open new 10 million item flagship distribution center in Dallas area to support growing demand for secondhand apparel

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OAKLAND, Calif., Aug. 20, 2021 (GLOBE NEWSWIRE) -- In connection with the initial public offering (the “IPO”) of Class A common stock of ThredUp Inc. (“thredUP” or the “Company”) (NASDAQ: TDUP), one of the largest online resale platforms for women's and kids' apparel, shoes and accessories, all of the Company's directors, executive officers and holders of substantially all of the Company's outstanding equity securities entered into lock-up agreements with the underwriters for the IPO to restrict their ability to sell or transfer shares of the Company through September 21, 2021, subject to certain exceptions. Pursuant to the terms of the lock-up agreements with the underwriters, 20% of shares held by the Company's current and former employees, consultants and contractors (but excluding executive officers, key employees and directors) subject to a lock-up agreement became eligible for sale in the public market at the open of trading on May 12, 2021. Since thredUP will be in a trading blackout period on September 22, 2021, the lock-up agreements provide that the expiration date with respect to the remaining shares will instead be ten trading days prior to the commencement of such trading blackout period.

thredUP Announces Final IPO Lock-up Release

ThredUp (TDUP) posts strong results for the second quarter 2021, backed by solid growth of active buyers and orders. Its international expansion strategy is on course.

ThredUp (TDUP) Q2 Loss Narrower, Revenues Up Y/Y, Stock Up

ThredUp Inc (NASDAQ: TDUP) reported second-quarter FY21 revenue growth of 26.7% year-on-year, to $59.96 million, beating the analyst consensus of $54.31 million. The consignment revenue increased 39.2% Y/Y, and product revenue fell 8.5%.

ThredUp Reports Better-Than-Expected Q2 Earnings, Upbeat Outlook

ThredUp's (TDUP) CEO James Reinhart on Q2 2021 Results - Earnings Call Transcript

Two leading secondhand online retailers racked up steep quarterly revenue gains on Tuesday.

Secondhand online retailers Poshmark, ThredUP report steep hikes in revenue

ThredUp (TDUP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for ThredUp (TDUP) This Earnings Season?

ThredUp has emerged as the leader in online secondhand clothing retail with its innovative resale-as-a-service model. The company announced the acquisition of "Remix Global AD" representing an entry in the European market as a new growth driver.

Is ThredUp Stock A Buy Or Sell After Remix Acquisition?

The resale retail leader is looking to expand its business.

Why ThredUp Is Soaring Today

Online resale platform ThredUp Inc (NASDAQ: TDUP) priced 6.4 million shares at $24.25 per share in its secondary public offering. The offer price implies a 6% discount to ThredUp's Tuesday closing price of $25.87.

ThredUp Raises $48.5M Via Secondary Equity Offering At 6% Discount

OAKLAND, Calif., July 28, 2021 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP) (“thredUP”), one of the largest online resale platforms for women's and kids' apparel, shoes and accessories, announced today the pricing of the public offering of 6,424,369 shares of its Class A common stock, consisting of 2,000,000 shares to be issued and sold by thredUP and 4,424,369 shares to be sold by existing stockholders of thredUP, at a public offering price of $24.25 per share. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to 963,655 additional shares of Class A common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on August 2, 2021, subject to customary closing conditions.

thredUP Announces Pricing of Public Offering

California-based thredUP is preparing to enter the European market via the acquisition of reCommerce platform Remix, a move that comes as the resale market is poised to explode in both the U.S. and Europe. The $28.5 million acquisition gives thredUP a foothold in Europe's emerging resale market amid the initial phase of an international expansion […]

ThredUP Acquisition Sets Europe As Next Resale Battleground

ThredUp Inc. slumped 4.3% in Tuesday premarket trading after the resale company made a number of announcements throughout Monday, including a business update and the launch of a public offering. ThredUp said during after-hours Monday that it would launch a public offering of 6,424,369 shares of Class A stock, including 2 million shares that will be issued and sold by the company, and 4,424,369 shares from existing stockholders.

ThredUp shares slump after business update, new public offering and other announcements

OAKLAND, Calif., July 26, 2021 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP) (“thredUP”), one of the largest online resale platforms for women's and kids' apparel, shoes and accessories, announced today the launch of the public offering of 6,424,369 shares of its Class A common stock, consisting of 2,000,000 shares to be issued and sold by thredUP and 4,424,369 shares to be sold by existing stockholders of thredUP. The selling stockholders are expected to grant the underwriters a 30-day option to purchase up to 963,655 additional shares of Class A common stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.

thredUP Announces Launch of Public Offering

ThredUp Inc. announced Monday that it has acquired Remix Global AD, a European resale company, for a $28.5 million consideration. The deal is expected to close in the fourth quarter, and, upon closing, Remix's management will receive $6.5 million in restricted stock units to vest over four years.

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