Thredup Inc. Stock Price, News & Analysis

ThredUp Inc. (Nasdaq: TDUP), a leading online resale platform for women's and kids' apparel, announced that CEO James Reinhart and CFO Sean Sobers will participate in the Goldman Sachs 29th Annual Global Retailing Conference on September 8, 2022. The session is scheduled from 6:35-7:15 AM PST and will be available via live webcast on thredUP’s investor website. ThredUP has processed over 125 million secondhand items, promoting sustainability by encouraging consumers to consider secondhand shopping.

ThredUp Inc. (Nasdaq: TDUP) reported Q2 2022 revenue of $76.4 million, a 27% increase year-over-year, with a gross margin of 68.9%. Active buyers reached 1.7 million, reflecting 29% growth year-over-year, and total orders also grew by 40%. However, the company posted a GAAP net loss of $28.4 million, or 37.2% of revenue, compared to a 14.4 million loss last year. Looking ahead, ThredUp forecasts Q3 2022 revenue between $64 million and $66 million.

Tommy Hilfiger has launched a 360-resale program in partnership with thredUP, aimed at promoting sustainability and circular fashion in the U.S. The program allows consumers to send in pre-owned women's and kids' clothing, receiving shopping credits in return. This initiative aligns with Tommy Hilfiger's goal to become a circular brand by 2030. The program leverages thredUP's Resale-as-a-Service technology, enhancing the brand's sustainability efforts while appealing to eco-conscious consumers.

thredUP (NASDAQ: TDUP) has appointed Noelle Sadler as the new Chief Marketing Officer, marking the company's first dedicated CMO in nearly five years. Sadler, a seasoned ecommerce leader, previously served as CMO at Lulus and held roles at MAC Cosmetics. Her appointment aims to enhance marketing strategies to inspire a younger audience to consider secondhand options. thredUP has recently initiated several marketing campaigns, including a brand awareness push in Seattle and collaborations to combat fashion waste during major events.

ThredUp Inc. (Nasdaq: TDUP), a leading online resale platform for women’s and kids’ fashion, will release its financial results for Q2 ended June 30, 2022, on August 15, 2022, after U.S. market close. A conference call is scheduled for 1:30 p.m. PT / 4:30 p.m. ET on the same day. ThredUp's platform emphasizes sustainability by facilitating secondhand shopping, claiming to have processed over 125 million items from 35,000 brands. The company thrives on making resale accessible, appealing to both buyers seeking discounts and sellers looking to declutter sustainably.

ThredUp Inc. (Nasdaq: TDUP) announced that CEO James Reinhart and CFO Sean Sobers will present at the 4th Annual Wells Fargo "Bricks to Clicks" Digital Conference on June 28, 2022. Their presentation is scheduled from 11:40 AM to 12:10 PM PT. This conference focuses on the digital transformation in retail, highlighting ThredUp's role as a leading online resale platform for women's and children's apparel, shoes, and accessories. The event will be webcast live, and a replay will be available for 30 days.

ThredUp Inc. (Nasdaq: TDUP) will join the Russell 3000 Index effective June 27, 2022, as part of the annual reconstitution of Russell indexes. This inclusion recognizes ThredUp's position among the 4,000 largest US stocks by market capitalization. As a member of the Russell 3000, ThredUp is also automatically included in key sub-indexes such as the Russell 1000 and Russell 2000. CEO James Reinhart stated that this milestone will enhance the company's visibility within the investment community, aligning with their mission to promote sustainable secondhand shopping.

ThredUp Inc. (Nasdaq: TDUP), a leading online resale platform, announced that CEO James Reinhart and CFO Sean Sobers will present at the William Blair 42nd Annual Growth Stock Conference on June 6, 2022, from 2:40-3:10 PM PT. The event aims to showcase the company’s innovative approach to sustainable fashion and technology-driven resale.

ThredUp processes over 125 million secondhand items from 35,000 brands and promotes a sustainable shopping model, helping consumers access premium brands at up to 90% off retail prices.

thredUP (NASDAQ: TDUP) released its 2022 Resale Report, indicating that the U.S. secondhand market will more than double by 2026, reaching $82 billion. The report highlights the growth in online resale, projected to quadruple, making it the fastest-growing sector. Notably, 58% of consumers found secondhand shopping helpful during inflation, with 80% buying more secondhand items. Brands embracing resale have grown 275% since 2020, showcasing a shift in consumer behavior towards sustainable shopping.