Resale service provider ThredUp reported strong year-over-year growth in its Q2 financial report, however noted that budget shoppers were holding back on spending as the economy continues to take a hit. In its recent earnings call, CEO James Reinhart said that the company’s total Q2 revenue came out to 76.4 million dollars, at a 27 percent...
12 hours ago
Tommy Hilfiger is set to join the resale craze with the launch of a new 360-resale programme made in partnership with ThredUp. The PVH-owned brand’s new initiative will allow US-based consumers to resell their Tommy Hilfiger items by filling a box and shipping it to ThredUp for free. In return for resellable women’s, men’s or kid’s items,...
11 Aug 2022
Resale platform ThredUp has announced the appointment of Noelle Sadler as its chief marketing officer as it looks to sharpen its focus on encouraging secondhand shopping for younger generations. Reporting to ThredUp president Anthony Marino, Sadler joins the company as its first CMO in nearly five years and will apply her expertise in e-commerce...
4 Aug 2022
Image: ThredUp A group focused on advancing sustainable textile policies has been launched in the US, founded by 11 big names from the circular fashion industry. The American Circular Textiles (ACT) policy group, which was spearheaded by the Circular Services Group (CSG) and Resource Recycling Systems (RRS), is aiming to bring together fashion’s...
10 Jun 2022
The global fashion resale market is expected to grow 127 percent by 2026, three times faster than the broader retail clothing sector, according to a new report. That growth will be fueled by the US, where the second-hand market is expected to more than double to 82 billion dollars by 2026 - 16 times faster than the broader retail fashion market....
18 May 2022
Resale platform ThredUp has revealed a new report offering a detailed review of brands and retailers that are currently operating dedicated resale programmes. Set to become a monthly index and measuring year-over-year (YoY), the Recommerce 100 has been conducted by resale analysts and tracks the adoption of resale initiatives as well as which...
22 Apr 2022
The merry parade of young Hollywood in bucket hats, tie dye shirts and cowboy boots is upon us again but the dark side of summer music festivals extends beyond Kanye’s last minute cancellation as headliner at Coachella. The waste associated with the summer festival period is an environmental nightmare. Thrifting website thredUP conducted a...
12 Apr 2022
Multibrand retailer Pacsun has partnered with ThredUp to introduce a 360-resale programme that will allow customers to resell and shop second-hand clothing directly through Pacsun’s website. Pre-Loved Pac comes as part of ThredUp’s Resale-as-a-Service (RaaS) package, in which the technology company builds a white-labelled resale channel for a...
7 Apr 2022
Resale platform ThredUp has taken another step in sustainable development at the company, appointing its first head of public policy and sustainability. Seth Levey will be tasked with leading the platform’s government affairs and policy initiatives to help drive the adoption of circular business models on a wider scale. He will also oversee...
24 Feb 2022
Last week saw the release of And Just Like That, a reboot of HBO’s comedy series, Sex and the City, which ran for six seasons from 1998 to 2004, won four Emmy awards and spawned two movies. Today sees the launch of a special shopping partnership between the costume designers of And Just Like That, Molly Rogers and Danny Santiago, and ThredUP,...
16 Dec 2021
New boutique A Circular Store in Brooklyn, New York, is not your average thrift store. While it is true that all the fashion is pre-owned, the merchandising speaks of something more modern and conceptual. Not the usual vintage shop cramped with rails of aromatic worn clothes, but rather of thoughtful curation and attention to detail. With its...
15 Dec 2021
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