ThredUP news and archive

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...

Business

Kate Spade New York launches resale programme with ThredUp

Kate Spade New York has joined the string of premium brands integrating ThredUp’s resale offering, with the launch of a ‘Pre-Loved’ programme that allows customers to shop secondhand items from the label. Via a dedicated ThredUp site, customers can both shop and resell select fashion items from any eligible brand, in exchange for Kate Spade...

Business

Plus-size brand Torrid launches resale programme with ThredUp

Torrid has announced the launch of a resale programme with resale-as-a-service (RaaS) tech firm ThredUp. The brand, which operates as direct-to-consumer for plus size apparel, intimates and accessories, has utilised ThredUp’s Clean Out programme to implement the resale offer. The deal will allow Torrid to implement the company’s proprietary...

Business

Hot Topic launches resale offer with ThredUp

Hot Topic has revealed a new “360-resale” programme, ‘Hot Topic Replay’, that allows customers to shop secondhand products directly through its website. The initiative was launched with tech company ThredUp, which utilised its Resale-as-a-Service (RaaS) system to power the resale experience. Alongside preloved Hot Topic items, customers can also...

Business

ThredUp says budget shoppers holding back in Q2 report

Resale service provider ThredUp reported strong year-over-year growth in its Q2 financial report, however noted that budget shoppers were holding back on spending as the economy continues to take a hit. In its recent earnings call, CEO James Reinhart said that the company’s total Q2 revenue came out to 76.4 million dollars, at a 27 percent...

Business

Tommy Hilfiger to launch US resale programme with ThredUp

Tommy Hilfiger is set to join the resale craze with the launch of a new 360-resale programme made in partnership with ThredUp. The PVH-owned brand’s new initiative will allow US-based consumers to resell their Tommy Hilfiger items by filling a box and shipping it to ThredUp for free. In return for resellable women’s, men’s or kid’s items,...

Business

ThredUp appoints first chief marketing officer in nearly five years

Resale platform ThredUp has announced the appointment of Noelle Sadler as its chief marketing officer as it looks to sharpen its focus on encouraging secondhand shopping for younger generations. Reporting to ThredUp president Anthony Marino, Sadler joins the company as its first CMO in nearly five years and will apply her expertise in e-commerce...