Welcome to our dedicated page for Thredup news (Ticker: TDUP), a resource for investors and traders seeking the latest updates and insights on Thredup stock.
ThredUp Inc (TDUP) operates a leading online resale platform transforming how consumers engage with sustainable fashion. This page consolidates all official company announcements, financial disclosures, and market developments for investors, analysts tracking the $30B+ apparel resale sector.
Access real-time updates on earnings reports, strategic partnerships, and sustainability initiatives that define ThredUp's position in the circular fashion economy. Our curated feed includes press releases about Resale-as-a-Service (RaaS) collaborations, inventory technology advancements, and consumer trend analyses relevant to the secondhand apparel market.
Key content categories include quarterly financial results, operational expansions, leadership updates, and environmental impact metrics. Investors gain insights into revenue drivers like the clean out bag program and cross-retail partnerships, while eco-conscious users track progress toward waste reduction goals.
Bookmark this page for streamlined access to verified information about ThredUp's market performance and industry leadership. Check regularly for updates on initiatives shaping the future of sustainable e-commerce and circular retail models.
ThredUp Inc. (Nasdaq: TDUP), a leading online resale platform, announced the upcoming release of its financial results for Q1 2023, set for May 9, 2023, after U.S. markets close. A conference call and live webcast will follow at 1:30 p.m. PT / 4:30 p.m. ET. ThredUp focuses on secondhand apparel, shoes, and accessories, having processed over 137 million unique items from 55,000 brands. The company aims to promote sustainable fashion by enabling easy buying and selling of secondhand goods. It operates a proprietary platform supporting a managed marketplace and Resale-as-a-Service for brands, enhancing their resale capabilities. Investors can access earnings materials on ThredUp's investor relations website.
thredUP (NASDAQ: TDUP) has released its 2023 Resale Report, revealing that over 50% of U.S. consumers purchased secondhand apparel in 2022. The secondhand apparel market is projected to reach $70 billion in the U.S. by 2027, with online resale growing at an average of 21% annually. Key findings indicate that 63% of Gen Z and Millennials believe secondhand shopping can reduce their environmental impact. Additionally, the report highlights a significant rise in retailers adopting resale practices, with 88 brands launching dedicated resale programs in 2022. The report emphasizes the positive growth trajectory of the secondhand market amidst economic uncertainty.
ThredUp Inc. (TDUP) reported a fourth quarter revenue of $71.3 million, a 2% decline from the previous year. Gross profit dropped 7% year-over-year to $45.0 million, with a gross margin of 63.1%. Despite these declines, the full year's revenue rose 15% to $288.4 million, with gross profit increasing 8%. The company noted 1.7 million active buyers in Q4, down 2%, and total orders at 1.5 million, down 8%. For 2023, ThredUp expects revenue between $310 million to $320 million and aims for improved gross margins. The Resale-as-a-Service program now includes 42 brand clients, expanding its market presence.
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