ThreadUp news and archive

ThreadUp narrows losses in Q1, sales rise

Online resale platform ThredUp reported first quarter revenue of 79.6 million dollars, an increase of 5 percent year-over-year. Gross profit for the quarter totaled 55.3 million dollars, up 8 percent, while gross margin rose to 69.5 percent. Net loss contracted to 16.6 million dollars or a negative 20.8 percent, while adjusted EBITDA loss...

Business

ThredUp appoints Coretha Rushing to its board of directors

ThredUp has announced the appointment of Coretha Rushing to the company’s board of directors. The company said in a release that with more than 35 years of human resources experience, Rushing will advise ThredUp on its employee initiatives, with a focus on health and wellness, attraction and retention, and diversity, equity, inclusion and...

Business

14 Sustainability efforts announced in November 2019

With the year 2019 rapidly drawing to a close, it is heartening to see that sustainability efforts by brands and retailers are not slowing down; on the contrary. The emphasis on innovative ideas for sustainable output in the fashion industry continues as brands, designers and raw material producers are increasingly adopting a responsible...