ThredUP news and archive

Beyond Retro expands to US via ThredUp partnership

Vintage retailer Beyond Retro is bringing its offering to the US for the first time. The London-based clothing store chain has partnered with American resale platform ThredUp to roll out a collection in the region. With this, ThredUp has launched 17,000 vintage and vintage-inspired pieces curated in collaboration with Beyond Retro on its site,...

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Business

ThredUp reports ‘record’ quarterly revenue, raises full year outlook

Resale platform ThredUp reported a “record” quarterly revenue for the first quarter ended March 31, 2025. With this, the company said it would be raising its full year outlook as it continued to drive improvements in its product experience, CEO James Reinhart said. Over the period, revenue reached 71.3 million dollars, a 10 percent...

Fashion

America’s resale market poised to gain amid tariffs

As the U.S. administration ramps up tariffs on imported goods, the fallout for global fashion is already becoming apparent. From European luxury houses to Chinese fast fashion giants, industry players are bracing for squeezed margins, disrupted supply chains, and dampened demand from increasingly cost-conscious American consumers. The new wave...

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Fashion |Report

How secondhand fashion is reshaping the global apparel market

The global secondhand apparel market is on an unprecedented growth trajectory, set to reach 367 billion dollars by 2029, according to ThredUp’s annual Resale 2025 report. This sector is expanding at a pace 2.7 times faster than the broader global apparel industry, reflecting a seismic shift in consumer behavior and retail strategies. In 2024...

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Business

ThredUp's Q4 results exceed expectations

Online resale platform ThredUp said in a preliminary results statement that fourth quarter revenue, gross margin and adjusted EBITDA margin are above previously issued guidance for the United States. The company recorded total revenue of 66.7 million dollars to 67.2 million dollars in the US versus the previous expected range of 58 million...

People

Danielle Vermeer to join ThredUp as head of social commerce

Online resale platform ThredUp has appointed fashion tech executive, Danielle Vermeer, to the newly created role of head of social commerce, effective January 2025. The company said, Vermeer will spearhead ThredUp's efforts to make resale more engaging and accessible to a wider audience through innovative shopping experiences. Commenting on the...

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ThredUp Q3 revenues decline by 11 percent

ThredUp third quarter revenue of 73 million dollars, decreased by 11 percent, while US revenue of 61.5 million dollars, decreased by 10 percent year-over-year. Net loss widened to 24.8 million dollars, while net loss in the US was 9.9 million dollars. Adjusted EBITDA loss was 2.5 million dollars and adjusted EBITDA in the US was 0.7 million...

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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...

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Business

ThredUp published third annual impact report as it hits 322 million USD in revenue

Online fashion resale platform ThredUp has published its third annual impact report, which offers a broad view of the company’s environmental, social, and governance (ESG) strategy. In its latest report, ThredUp highlights its progress on its corporate ESG initiatives for 2023, focusing on 12 key areas where it can make the most impact, based on...

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...

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Fashion |Report

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...