ThredUP news and archive

Second-hand fashion platform Thredup leaves Europe

Second-hand platform Thredup is calling it quits in Europe. The company has announced it is withdrawing from the market, according to a statement. ThredUp, Inc. says it is considering “strategic alternatives” for its European arm. The move is notable given that ThredUp hired a new general manager for Europe in May. The platform entered the...

People

ThredUp appoints Tapestry executive Noam Paransky to its board

ThredUp has appointed Tapestry's chief omni and innovation officer Noam Paransky to the company’s board of directors. With more than 25 years of experience in digital retail innovation and omnichannel strategy, Paransky will advise ThredUp as the company transforms its business from a legacy resale marketplace to an AI-powered resale...

People

ThredUp appoints new GM for Europe amid expansion

ThredUp has announced the appointment of Florin Filote as the general manager of its European business, a move that comes amid an ongoing expansion in the region for the resale platform. In the position, Filote has been tasked with leading ThredUp’s European operations, which currently covers nine countries in Central and Eastern Europe. He...

Fashion |Report Featured

Global resale market to reach 350 billion dollars by 2028

ThredUp, a prominent player in the resale industry, has released its 12th annual Resale Report, shedding light on the robust expansion and evolving trends within the secondhand fashion market. The report underscores the burgeoning significance of resale in the retail landscape and suggests that governmental intervention could expedite the shift...

BusinessFeatured

At ThredUp, losses narrow and revenue increases amid ‘record orders’

Resale platform ThredUp has posted strong financials for the fourth quarter of 2023, with revenue rising by 14 percent year-over-year to 81.4 million dollars. The company further reported that its gross profit came to 50.4 million dollars YoY, up 12 percent, while its gross margin dropped from 61.9 percent to 63.1 percent in the same period,...

Fashion

Rebag and ThredUp partner to “push boundaries” of the resale market

Luxury accessories and jewellery resale platform Rebag has announced a partnership with online resale platform ThredUp to expand resale services. Under the new partnership, Rebag customers will be able to resell gently worn luxury items on ThredUp in exchange for Rebag shopping credit, while ThredUp customers will be able to shop select Rebag...

Business

ThredUp posts increase in Q2 revenue, narrows losses

Second-hand fashion platform ThredUp has reported an 8 percent increase in revenue in the second quarter as it narrowed its losses. The San Francisco-based company generated revenue of 82.7 million dollars in the three months ended June 30, up from 76.4 million dollars a year earlier. That came as its active buyers fell 0.8 percent to 1.7...

Fashion

ThredUp teams up with ‘Barbie’ costume designer Jacqueline Durran

ThredUp, one of the world's largest online resale platforms, has partnered with Academy Award-winning costume designer Jacqueline Durran on an exclusive #Barbiecore Dream Shop experience. Durran is the costume designer for ‘Barbie, the Movie,’ which stars Margot Robbie and comes out July 21 and she has thrifted on ThredUp to curate a custom...

BusinessFeatured

ThredUp raises FY revenue outlook, dual lists on LTSE

Second-hand fashion platform ThredUp has upped its full-year revenue guidance after beating its own expectations in the first quarter of the year. The San Francisco-based business posted revenue of 75.9 million dollars in the quarter ended March 31, which was up 4 percent year-on-year and was ahead of the upper end of its previous guidance of 73...

Business

American Eagle Outfitters launches resale with ThredUp

American Eagle Outfitters (AEO) has announced a new partnership with ThredUp that has seen it launch its own resale site for the brand’s secondhand and vintage clothing. Entitled ‘Re/Ae’, the platform has been curated by the fashion group itself and utilised ThredUp’s Resale-as-a-Service (RaaS) technology to power the experience. It comes as AEO...

BusinessFeatured

Global secondhand market to reach 350 billion dollars by 2027, according to ThredUp

Resale platform and tech provider ThredUp has published its 11th annual Resale Report which looks to offer a comprehensive measure of the global and US-focused secondhand market. Next to new insights about the market’s growth and consumer shopping behaviour, the report also offers an overview of forward-looking projections for the coming year....

Business

H&M US to launch second hand service with ThredUp

Fashion retailer H&M US announced it has teamed up with ThredUp to launch its first resale scheme for the US market called “H&M Pre-Loved”. Via ThredUp’s Resale-as-a-Service (RaaS) program, the brand further pushes its efforts to establish circularity for itself and its customers by offering them easy access to second hand pieces that are still...