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. reports developments across its online resale marketplace for apparel, shoes and accessories. Company news commonly centers on quarterly results, gross margin, active buyers, orders and cash balances, along with updates to full-year financial outlooks. Its operating model includes a managed marketplace supported by processing infrastructure, proprietary software, systems and data science.
Updates also cover Resale-as-a-Service, the company’s platform for brands and retailers offering resale experiences, and the Universal Recommerce Layer. ThredUp also publishes resale market research and announces governance changes tied to board and audit committee oversight.
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.
ThredUp Inc. (Nasdaq: TDUP), a leading online resale platform for women’s and kids’ apparel, announced participation in the Wells Fargo 5th Annual Consumer Conference on September 21, 2022. CEO James Reinhart and CFO Sean Sobers will present from 11:20 AM PT to 11:50 AM PT. This event will be webcast live, and a replay will be available for 30 days post-event. ThredUp aims to promote sustainable fashion, having processed over 125 million secondhand items from 35,000 brands, offering buyers up to 90% off retail prices.
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.