Thredup Inc. Stock Price, News & Analysis

ThredUp Inc. (Nasdaq: TDUP) will announce its fourth-quarter and full-year financial results for 2022 on March 6, 2023, after U.S. markets close. A conference call and live webcast will follow the release at 1:30 p.m. PT / 4:30 p.m. ET. ThredUp is a leading online resale platform specializing in women's and kids' apparel, shoes, and accessories, having processed over 137 million unique secondhand items from 55,000 brands. The company focuses on sustainability in fashion and offers significant savings, with buyers enjoying discounts of up to 90% off retail prices.

On January 31, 2023, Francesca's Acquisition announced the launch of "forever francesca's®," a 360-resale program powered by thredUP (NASDAQ: TDUP). This platform enables customers to shop secondhand apparel, shoes, and accessories and allows them to resell pre-loved items for shopping credit. Customers can shop and earn credit through a simple process involving shipping their used items to thredUP. The initiative promotes sustainability in fashion, addressing the significant issue of clothing waste, with statistics showing that 36 billion clothing items are discarded in the U.S. annually. The program targets Millennial and Gen-Z consumers, aligning with their eco-conscious values.

Torrid Holdings Inc. (CURV) has launched a resale program in collaboration with thredUP (TDUP), making it the first plus-size brand to utilize thredUP’s Resale-as-a-Service (RaaS) platform. Beginning December 15, 2022, U.S. customers can send apparel and accessories from any brand to thredUP and receive Torrid shopping credits for sold items. This initiative aligns with Torrid's goals for sustainability and enhancing customer value. ThredUP's CEO noted that this program caters to a growing demand for secondhand shopping while promoting sustainability in fashion.

The AZEK Company (NYSE: AZEK) and thredUP (NASDAQ: TDUP) have announced a partnership to recycle thredUP’s post-consumer plastic Clean Out Bags into new TimberTech composite decking. This initiative supports both companies' ESG goals and aims to recycle one billion pounds of material annually by 2026. The partnership highlights AZEK's commitment to sustainability, having recycled nearly 1.7 billion pounds of waste since 2019. The new decking products will be made from approximately 85% recycled material, promoting environmental responsibility in outdoor living products.

ThredUp Inc. (TDUP) announced participation in the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2022. CEO James Reinhart and CFO Sean Sobers will present from 3:05 PM to 3:35 PM PST. The presentation will be available via live webcast on ThredUp's investor website, with a replay accessible for 30 days post-event.

ThredUp, a leading online resale platform for women's and kids' apparel, promotes sustainability by making secondhand shopping accessible and affordable, processing over 137 million items from 55,000 brands.

ThredUp Inc. (Nasdaq: TDUP) reported its Q3 2022 financial results, with revenue of $67.9 million, a 7% increase year-over-year. However, gross profit decreased by 3% to $44.5 million, resulting in a gross margin of 65.5%. The net loss reached $23.7 million, worsening from a $14.7 million loss in Q3 2021. Active buyers rose by 18% to 1.7 million, and orders rose 24% to 1.6 million. The company’s financial outlook anticipates Q4 revenue between $62 million and $64 million.

ThredUp Inc. (Nasdaq: TDUP), a leading online resale platform for women's and kids' apparel, announced it will release its third-quarter financial results on November 14, 2022, post-U.S. market close. Following the release, a conference call and live webcast will take place at 1:30 p.m. PT (4:30 p.m. ET). ThredUp aims to inspire secondhand shopping, boasting over 137 million processed secondhand items from 55,000 brands. The company’s technology-driven platform enhances resale experiences, appealing to both sellers and eco-conscious buyers seeking premium apparel at significant discounts.

Hot Topic has launched Hot Topic Replay, a new resale program powered by thredUP (NASDAQ: TDUP). This initiative allows customers to buy secondhand items from Hot Topic and other pop culture brands while also offering them the ability to sell their gently-used apparel for store credit. The program is part of Hot Topic's commitment to sustainability, aiming to breathe new life into pop culture merchandise. With thredUP's extensive experience in resale, Hot Topic aims to create a seamless shopping experience, encouraging customers to engage with the brand in a more sustainable way.

thredUP (NASDAQ: TDUP) unveiled its inaugural Impact Report on October 4, 2022, detailing its progress on environmental, social, and governance (ESG) initiatives for 2021. The report highlights the processing of 137 million secondhand items and significant reductions in carbon emissions, achieving a 54% decrease in shipping emissions. The company emphasizes its commitment to sustainability, ethical practices, and community engagement.