ProfitScout
1月前
$TDUP News: ThredUp to Participate in TD Cowen and William Blair Investor Conferences
OAKLAND, Calif., May 20, 2026 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that CEO and co-founder James Reinhart and CFO Sean Sobers will participate in the following investor conferences:
TD Cowen 10th Annual Future of the Consumer Conference
Tuesday, June 2, 2026
William Blair 46th Annual Growth Stock Conference
Wednesday, June 3, 2026
7:20 AM - 7:50 AM PT / 10:20 AM - 10:50 AM ET
This event will be webcast live on ThredUp’s investor website at https://ir.thredup.com/.
About ThredUp
ThredUp is transforming resale with technology and a mission to inspire the world to think secondhand first. By making it easy to buy and sell secondhand, ThredUp has become one of the world's largest online resale platforms for apparel, shoes and accessories. Sellers enjoy ThredUp because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers enjoy shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. With ThredUp’s Resale-as-a-Service, some of the world's leading brands and retailers are leveraging our platform to deliver customizable, scalable resale experiences to their customers. ThredUp has processed over 200 million unique secondhand items from 60,000 brands across 100 categories. By extending the life cycle of clothing, ThredUp is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.
Investor Contact
Lauren Frasch
ir@thredup.com
Media Contact
Laura Hogya
media@thredup.com
https://www.globenewswire.com/newsroom/ti?nf=OTcyNDE4NiM3NjE0Mzk5IzIxODg3MzI=
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Source: ThredUp Inc.
ProfitScout
1月前
$TDUP News: ThredUp Doubles Down on Resale-as-a-Service® (RaaS®); Appoints Strategic Advisory Board to Scale Universal Recommerce Layer
OAKLAND, Calif., May 06, 2026 (GLOBE NEWSWIRE) -- ThredUp (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today announced the next iteration of growth for its Universal Recommerce Layer. On the first anniversary of its move to an open-source model by eliminating fees for its Resale-as-a-Service® (RaaS®) partners, the company has appointed a powerhouse RaaS Advisory Board of industry veterans to spearhead this new chapter of enterprise growth.
By eliminating upfront costs and reducing monthly costs for branded resale, ThredUp democratized access to the circular economy for brands and retailers. This approach has led to a 37% rise in branded resale adoption since May 2025. Today, the ThredUp’s RaaS platform powers circularity for more than 60 of the world’s leading brands, including J.Crew, Tommy Hilfiger, and Madewell.
"We’re proud to have built the only resale-as-a-service model that leverages its own scaled marketplace," said Alon Rotem, Chief Strategy Officer at ThredUp. "To help us deliver on our vision, we’ve assembled an experienced and diverse board of advisors who reflect the full lifecycle of retail. This diverse perspective will empower us to design and build best-in-class resale solutions that are validated by real-world retail expertise.”
To guide this next evolution of the Universal Recommerce Layer, ThredUp has convened five experts at the intersection of climate, tech, logistics, and retail operations. The board includes Samina Virk, a resale industry veteran and former Vestiaire Collective executive; David Sobie, the logistics pioneer behind Happy Returns; Sarah Engel, a retail and marketing strategist and president at January Digital; James Rogers, a sustainability veteran and advisor at Watershed; and Jenelle Sheridan, Founder & Managing Partner of Farvue Partners and a 20-year retail veteran specializing in consumer growth, retail strategy, and commerce innovation.
The appointment of this board signals ThredUp’s commitment to moving beyond the "experimental" phase of resale and making circularity a standard, profitable business operation for some of the world’s largest retailers.
“Resale is no longer a niche trend; it is a fundamental new way to shop,” said Samina Virk. “The next evolution is branded resale, where the brand itself takes the lead in the circular journey. I’m thrilled to support ThredUp in accelerating RaaS — giving brands the infrastructure to drive their resale channel and turn every product into a lifelong customer relationship.”
David Sobie echoed the importance of operational ease-of-use, stating: "The greatest hurdle to circularity has always been the complexity of the reverse journey. By applying the same rigor to 'Clean Out' logistics that we brought to standard retail returns, ThredUp is making it easier than ever for consumers to keep items in circulation and for brands to manage that inventory at scale."
By integrating these diverse perspectives, ThredUp is ensuring RaaS remains the zero-barrier, "universal" solution for any organization ready to join the circular economy.
To learn more about ThredUp’s Resale-as-a-Service, visit www.raas.thredup.com.
About ThredUp
ThredUp is transforming resale with technology and a mission to inspire the world to think secondhand first. By making it easy to buy and sell secondhand, ThredUp has become one of the world's largest online resale platforms for apparel, shoes and accessories. Sellers enjoy ThredUp because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers enjoy shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. With ThredUp’s Resale-as-a-Service, some of the world's leading brands and retailers are leveraging our platform to deliver customizable, scalable resale experiences to their customers. ThredUp has processed over 200 million unique secondhand items from 60,000 brands across 100 categories. By extending the life cycle of clothing, ThredUp is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.
About Samina Virk
Samina Virk is a senior executive with 25 years of experience at the intersection of fashion, digital commerce, and luxury resale. She most recently served as US CEO and Global CMO of Vestiaire Collective, the world’s leading pre-loved luxury fashion marketplace. Her tenure at Vestiaire spans two chapters. She first joined in 2014 to launch the US market, and returned in 2023 to scale the North American business. She restructured US commercial and marketing operations following the Tradesy acquisition, launched a VIP Consignment business with partnerships including MyTheresa and Chloé, and built a brand growth strategy spanning digital marketing, exclusive collaborations including celebrity closet sales, and influencer programs across the US, UK, and key European markets. Earlier in her career, she served as Global CMO at Threads Styling, led a Fashion vertical team at eBay during the launch of its first brand-direct marketplace, and oversaw designer collaborations at Target. She has spoken at Fortune Brainstorm Tech, SXSW, and the United Nations, and holds an MBA from London Business School.
About David Sobie
David Sobie is the co-founder and CEO of Happy Returns, where he leads efforts to transform ecommerce returns for shoppers and retailers. Happy Returns was founded in 2015 and pioneered box-free returns for e-commerce retailers, delighting shoppers, speeding customer refunds, and reducing return shipping costs. Happy Returns was acquired by PayPal in 2021. After a period of exponential growth, PayPal divested Happy Returns to UPS in 2023. Today, the company operates as a subsidiary of UPS, accepting millions of returns each month on behalf of thousands of retailers, at a network of over 10,000 Return Bar locations around the country. Prior to co-founding Happy Returns, David served as the Chief Marketing Officer of REVOLVE and the SVP of Marketing & Business Development for HauteLook, a Nordstrom company. He is a graduate of Dartmouth College and holds an MBA from the Tuck School of Business at Dartmouth.
About Sarah Engel
Sarah Engel is the President of January Digital, the marketing leadership company and agency of record for clients including Carhartt, Supergoop!, Interstate Batteries, amika, and Steve Madden. She also serves as a Strategic Advisor to Shoptalk and Groceryshop, and was recently named to Adweek 50, honoring changemakers and growth drivers in marketing and technology, and the Rethink Retail Top Retail Experts of 2026. She is the former Vice President of Marketing for lifestyle brand Lilly Pulitzer and has spent her career connecting with customers and driving growth for the world’s most impactful brands including Travelocity, Match, and Chevrolet. She serves on the advisory board of Rebel Nell, a jewelry company empowering marginalized women, and as Chairperson of the Board of LSH, a nonprofit supporting vulnerable communities in Philadelphia. Her contributions to the industry have earned her recognition as a Top Woman in Media and Ad Tech, one of Women’s Wear Daily’s Top 20 Women Leaders in Business, and one of Footwear News’ Six Women in Power Creating Corporate Change.
About James Rogers
James Rogers is an advocate for using business as a force for good. With over 15 years of experience developing and implementing complex sustainability strategies for global organizations, he has a proven track record of success in reducing carbon footprints, driving circular business models, improving resource efficiency, and engaging consumers in sustainable practices. James is a Sustainability Advisor at Watershed, the enterprise sustainability platform used by companies like Airbnb, Carlyle Group, FedEx, and Dr. Martens to measure, report and act on their carbon emissions. Previously, he held senior sustainability roles at The North Face, The RealReal and Rothy’s.
About Jenelle Sheridan
Jenelle Sheridan is Founder and Managing Partner of Farvue Partners, an advisory firm that helps consumer brands and commerce platforms accelerate profitable growth. She brings nearly two decades of experience scaling businesses across retail, eCommerce, and brand strategy—from early-stage startups to global consumer brands. Prior to founding Farvue Partners, Jenelle spent nearly a decade at Gap Inc. and Athleta, where she held executive roles spanning marketing, merchandising, planning, strategy, and business development, helping scale Athleta from approximately $200 million to more than $1 billion in revenue. Earlier in her career, she was a consultant at Strategy& (formerly Booz & Company), advising Fortune 500 companies across retail, consumer technology, and CPG. Today, through Farvue Partners, Jenelle advises brands, retailers, and emerging commerce technology companies on growth strategy, customer acquisition, omnichannel expansion, and evolving consumer trends—including resale and circular commerce. She holds an MBA from Kellogg School of Management at Northwestern University and a bachelor’s degree from USC Marshall School of Business.
Press Contact:
Laura Hogya
media@thredup.com
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/a69a5c7d-2fb4-4975-86a1-7d02ba98e6d9
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ProfitScout
2月前
ThredUp to Report First Quarter 2026 Financial Results on May 4, 2026
OAKLAND, Calif., April 06, 2026 (GLOBE NEWSWIRE) -- ThredUp (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that its financial results for the first quarter ended March 31, 2026 will be released on Monday, May 4, 2026 after the close of the U.S. markets. ThredUp will host a conference call and live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET.
The live and archived webcast and all related earnings materials will be available at ThredUp’s investor relations website: ir.thredup.com/news-events/events-and-presentations
About ThredUp
ThredUp is transforming resale with technology and a mission to inspire the world to think secondhand first. By making it easy to buy and sell secondhand, ThredUp has become one of the world's largest online resale platforms for apparel, shoes and accessories. Sellers enjoy ThredUp because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers enjoy shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. With ThredUp’s Resale-as-a-Service, some of the world's leading brands and retailers are leveraging our platform to deliver customizable, scalable resale experiences to their customers. ThredUp has processed over 200 million unique secondhand items from 60,000 brands across 100 categories. By extending the life cycle of clothing, ThredUp is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.
Investor Contact
Lauren Frasch
ir@thredup.com
Media Contact
Laura Hogya
media@thredup.com
https://www.globenewswire.com/newsroom/ti?nf=OTY4NDc5NyM3NTIxNzM1IzIxODg3MzI=
https://ml.globenewswire.com/media/ODJlMjAzNTgtMmM4Ni00MjBkLThmNGQtN2Q0ZjkyZTA5MDEyLTEyMDAyODUtMjAyNi0wNC0wNi1lbg==/tiny/ThredUp-Inc-.png
Source: ThredUp Inc.
US Market News
3月前
ThredUp’s 14th Annual Resale Report Reveals New Era of Structural Competition and AI-Driven DiscoveryApril 2, 2026 6:00 AM
Business Wire
Global Secondhand Market Projected to Reach $393 Billion by 2030, Growing 2X Faster Than Overall Apparel Retail.
U.S. Resale Outpaces Broader Retail 4X as Market Braces for $23.3 Billion in Incremental Value.
Gen Z and Millennials Set to Drive More Than 70% of Market Growth Through 2030.
ThredUp (Nasdaq: TDUP, LTSE: TDUP) today released its 14th annual Resale Report. Conducted by GlobalData, the study reveals a global secondhand market that has become a $393 billion powerhouse, representing roughly 10% of total apparel spend.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260402799816/en/
“Resale is no longer just growing, it’s taking direct market share,” said James Reinhart, ThredUp Cofounder and CEO. “In 2025, the U.S. secondhand market grew nearly 4X faster than the broader retail clothing market. The next phase of this market will be defined by who can best unlock supply and use AI to connect that inventory with the next generation of shoppers.”
"The global secondhand market is entering a more competitive, structurally complex phase. We expect the U.S. market alone to reach $78.8 billion by 2030,” said Neil Saunders, GlobalData’s Managing Director and Retail Analyst. “With Gen Z and Millennials driving the vast majority of this value, the infrastructure for discovery must evolve into the social feeds where these consumers live.”
Inside the 2026 Resale Report
Derived from market modeling, a survey of 3,268 U.S. consumers, and insights from 50 top fashion brands, the report highlights several key shifts:
Secondhand Outpaces New Clothing 2-to-1: Resale isn't just a trend; it's taking over the closet. Over the next five years, the global secondhand market is projected to grow twice as fast as the rest of the fashion industry combined.
Shopping Moves to Social Feeds: Marketplace apps are no longer the only destination. Nearly 50% of shoppers now discover their next secondhand find through social media, creators, and influencer feeds rather than traditional search.
Gen Z and Millennials to Drive 70% of Market Growth: Younger generations are the undisputed heavyweights of the resale economy. Through 2030, 71% of all market growth will come from Gen Z and Millennials, with new shoppers making up the vast majority of this new spending.
AI Makes Buying Used as Easy as Buying New: AI is the engine helping scale resale by improving search and discovery. By automating everything from pricing to verifying authenticity, technology is removing the old headaches of secondhand and making it as fast and efficient as buying brand new.
Supply is the New Constraint: With rapidly growing demand, the industry is now racing to find enough stock. To unlock an additional $23.3 billion in U.S. market value, the focus must shift to making the act of selling just as easy as clicking "buy."
To see the full 2026 Resale Report and additional data, visit thredup.com/resale.
About the 2026 Resale Report
ThredUp’s annual Resale Report contains research and data from GlobalData, a third-party retail analytics firm. GlobalData’s assessment of the secondhand market is determined through consumer surveys, retailer tracking, official public data, data sharing, store observation, and secondary sources. These inputs are used by analysts to model and calculate market sizes, channel sizes, and market shares. Further, for the purpose of this report, GlobalData conducted a January-February 2026 survey of 3,268 U.S. adults over 18, asking specific questions about their behaviors and preferences for secondhand. GlobalData also surveyed the top 50 U.S. fashion retailers and brands from January-February 2026 to gather their opinions on resale. In addition, ThredUp’s Resale Report also leverages data from internal ThredUp customer and brand performance data.
About ThredUp
ThredUp is transforming resale with technology and a mission to inspire the world to think secondhand first. By making it easy to buy and sell secondhand, ThredUp has become one of the world's largest online resale platforms for apparel, shoes and accessories. Sellers enjoy ThredUp because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers enjoy shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. With ThredUp’s Resale-as-a-Service, some of the world's leading brands and retailers are leveraging our platform to deliver customizable, scalable resale experiences to their customers. ThredUp has processed over 200 million unique secondhand items from 60,000 brands across 100 categories. By extending the life cycle of clothing, ThredUp is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.
Forward-Looking Statements
This release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "predict" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. Except as required by law, ThredUp has no obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260402799816/en/
Media Contact
Laura Hogya
media@thredup.com
Investor Relations Contact
Lauren Frasch
ir@thredup.com
Resale-as-a-Service Contact
Christine Iovino
raas@thredup.com
Original: ThredUp’s 14th Annual Resale Report Reveals New Era of Structural Competition and AI-Driven Discovery
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