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.

OAKLAND, Calif., July 26, 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 initial phase of its international expansion strategy by entering into a definitive agreement to acquire Remix Global AD (Remix), one of Europe's leading fashion resale companies.

thredUP jumpstarts European expansion with acquisition of Remix

ThredUP is continuing its aggressive growth trajectory with the first phase of its international expansion by entering into a definitive agreement to acquire Remix Global AD, one of Europe's leading fashion resale companies.

With Europe In Its Sights, ThredUP Acquires One Of The Continent's Top Fashion Resellers

Today, fashion brand Madewell announced the next step within its company-wide sustainability efforts by partnering with Resale-as-a-Service (RaaS) provider thredUP for a new program: Madewell Forever.

Madewell Forever Launches Today, Madewell's First 360 Resale Program Powered By ThredUP

OAKLAND, Calif., July 15, 2021 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the largest online resale platforms for women's and kids' apparel, shoes, and accessories, announced today that its financial results for the second quarter ended June 30, 2021 will be released on Tuesday, August 10, 2021 after the close of the U.S. markets. thredUP will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET.

thredUP to Report Second Quarter 2021 Financial Results on August 10, 2021

Apparel resale platform thredUP will fuel a clothing clean out program on behalf of LG home appliances by way of thredUP's Resale-as-a-Service (RaaS), according to a Thursday (July 15) announcement. “As a leader in fabric care, LG is invested in how to care for your clothes throughout their lifecycle — from how you wash them to how […]

thredUP, LG Aim To Help Consumers Clean Out Their Closets With Collab

ENGLEWOOD CLIFFS, N.J. and OAKLAND, Calif.

LG and thredUP Partner to Extend the Life of Clothes, Marking Expansion of thredUP's Resale-as-a-ServiceⓇ

Poshmark

The RealReal

This hot new trend in apparel could be a victim of its own success.

Everyone Wants in on Resale Retail, but Is It Sustainable?

ThredUp (NASDAQ:TDUP) has observed the following analyst ratings within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 1 0 0 1 Somewhat Bullish 0 1 3 5 Indifferent 0 0 0 1 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 12 analysts offering 12-month price targets in the last 3 months for ThredUp evaluate the company at an average price target of $22.83 with a high of $35.00 and a low of $16.00.

Where ThredUp Stands With Analysts

Farfetch

U.K.-based luxury e-commerce site Farfetch has partnered with thredUp for a new Donate Service, which allows consumers to donate clothes they no longer wear in exchange for Farfetch credits while raising money for charity.

Farfetch Offers Elevated Resale Experience In The U.S. Through ThredUP

The secondhand market is ready to explode, according to a report released Wednesday (June 23) by thredUP and GlobalData, with resale alone expected to grow 11 times faster than the broader retail clothing sector over the next five years. The $36 billion secondhand market — $15 billion of which is resale and $21 billion of […]

ThredUP's Resale Market Projections Spell More Trouble For Department Stores

ThredUP's 2021 Resale Report found consumer behavior shifting toward thrift, projecting the market for secondhand apparel and accessories will double in the next five years to $77 billion, growing 11 times faster than the broader retail sector by 2025.

Resale's Upward Trajectory Will Continue Post Pandemic, ThredUP Report Finds

ThredUP Report Sees Resale's Upward Trajectory Continuing Post-Pandemic

OAKLAND, Calif., June 23, 2021 /PRNewswire/ -- ThredUp Inc. (NASDAQ: TDUP), one of the largest online resale platforms for women's and kids' apparel, shoes, and accessories, today released the results of the 2021 Resale Report.

thredUP Releases Its Ninth Annual Resale Report with First-Ever Impact Section

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Core categories like dresses and handbags will get a post-COVID boost with dresses already getting a 20% lift, the company says.

ThredUp CEO says the company can look forward to wedding season, closet refreshes and growing interest in resale

ThredUp (NASDAQ:TDUP) has created the world's largest mass-market used apparel e-retail marketplace. It's a win-win, two-sided marketplace.

As the Resale Market Booms, This Brand-New Hypergrowth E-Retail Stock Will Soar

The secondhand clothes market is booming, but as demand soars, fewer people are listing their old items for sale. According to one expert, ThredUp – recently dubbed the "Amazon of resale" – may well stay ahead of its rivals for two reasons. First, its partnerships with leading retailers in the US, and second, the simplicity of its selling process — both of these should encourage more people to sell through its site, GlobalData's Neil Saunders said in a note to clients.

Why secondhand-clothes giant ThredUp, dubbed the 'Amazon of resale,' has a key advantage over rivals Poshmark and Depop, according to a leading expert

The stock price of ThredUp Inc (NASDAQ: TDUP) decreased by over 5% pre-market. This is why it happened.

ThredUp (TDUP): Over 5% Decrease Pre-Market Explanation

ThredUp, Inc. (TDUP) CEO James Reinhart on Q1 2021 Results - Earnings Call Transcript

Shares of ThredUp drop nearly 8% late Wednesday as investors gave the cold shoulder to both online secondhand retailers reporting quarterly results in the extended session.

Earnings Results: ThredUp stock falls after first post-IPO earnings report

OAKLAND, Calif., May 12, 2021 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP), one of the world's largest resale platforms for women's and children's apparel, shoes, and accessories, announced today its financial results for the first quarter ended March 31, 2021.

thredUP Announces First Quarter 2021 Results

Vera Bradley

Fashion resale site thredUp will issue its 2021 Resale Report in July, but the retailer shared exclusively some key points in advance, including 159.4 million U.S. consumers plan to get rid of clothing after the pandemic is over.

Fashion Resale Site ThredUp In Deal To Power Resale For Vera Bradley

OAKLAND, Calif., May 11, 2021 /PRNewswire/ -- ThredUp Inc. (NASDAQ: TDUP), one of the largest resale platforms for women's and kids' apparel, shoes, and accessories, today announced that it will power resale for Vera Bradley through Resale-as-a-ServiceⓇ (RaaSⓇ).

thredUP will power resale for Vera Bradley, serving the surge of consumers who plan to refresh their closets.

OAKLAND, Calif., April 28, 2021 /PRNewswire/ -- ThredUp Inc. (NASDAQ: TDUP), one of the largest resale platforms for women's and kid's apparel, shoes, and accessories, announces that Marcie Vu was appointed to the company's Board of Directors in February 2021.

News for thredUP Stock (TDUP)