ThredUp

ThredUp

Online resale platform for secondhand clothing

About ThredUp

Simplify's Rating
Why ThredUp is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Consumer Goods

Company Size

501-1,000

Company Stage

IPO

Headquarters

San Francisco, California

Founded

2009

Overview

thredUP operates an online platform for buying and selling secondhand clothing, shoes, and accessories. Users can sell their gently used items by sending them to thredUP, where the company inspects, photographs, and lists them for sale. Buyers can find a variety of products, including premium brands, often at significant discounts. thredUP generates revenue by taking a commission on each sale and offers a "Clean Out" service that allows sellers to send in items for free, simplifying the process of decluttering. The platform also features a section for brand-new items at discounted prices, appealing to a broad customer base. thredUP stands out in the resale market by focusing on convenience and sustainability, catering to budget-conscious and eco-friendly shoppers. The company's goal is to make secondhand shopping accessible and appealing, promoting conscious consumerism.

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Simplify's Take

What believers are saying

  • AI-driven personalization led to a 32% increase in new customer volume.
  • ThredUp's focus on the U.S. market may boost operational efficiency and market share.
  • Rising consumer interest in secondhand shopping presents growth opportunities for ThredUp.

What critics are saying

  • Increased competition from platforms like Vinted could impact ThredUp's market share.
  • Divesting Remix may limit ThredUp's growth in the European market.
  • Reliance on AI poses risks if technological failures occur or competitors advance.

What makes ThredUp unique

  • ThredUp offers a 'Clean Out' service, simplifying the selling process for users.
  • The platform features a 'New With Tags' section, attracting diverse customer segments.
  • ThredUp uses AI to provide personalized shopping experiences, enhancing customer engagement.

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Funding

Total Funding

$400.8M

Above

Industry Average

Funded Over

8 Rounds

IPO funding comparison data is currently unavailable. We're working to provide this information soon!
IPO Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Employee Stock Purchase Plan

Paid Vacation

Paid Holidays

Paid Sick Leave

Paid Sabbatical

Hybrid Work Options

Flexible Work Hours

Paid Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↓ -1%

2 year growth

↑ 0%
PYMNTS
Apr 28th, 2025
Thredup Stock Climbs Thanks To Tariff Immunity

Secondhand clothing retailer ThredUp saw its stock climb Monday (April 28) ahead of its next earnings report. As Seeking Alpha reports, analysts note that the consignment company ended the last quarter on a high note, while facing less exposure to tariffs. “Entering FY25, the company was seeing encouraging momentum, highlighted by a positive inflection in active buyers in Q1 to date, solid customer retention, and a growing supply of premium apparel,” said analyst Dana Telsey, per the report

Forbes
Apr 27th, 2025
Fashion Resale Market To Get A Lift From Trump’S Tariffs

The ThredUp logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Sunday, Nov. 7,. More 2021. As brand-name retailers nationwide struggle to fill shelves, a crop of online platforms that trade in secondhand wares are poised to profit handsomely from the global supply chain crunch. Photographer: Tiffany Hagler-Geard/Bloomberg© 2021 Bloomberg Finance LP. The U.S

PYMNTS
Apr 21st, 2025
Investors Expect Secondhand Stores To Profit As Tariffs Challenge Retailers

Investors reportedly expect new U.S. tariffs to be good for sellers of secondhand goods. In the time since the White House announced tariffs on April 2, the shares of two such firms — ThredUp and Savers Value Village — have gone up 31% and 22%, respectively, while the SP retail select index has declined 7%, the Financial Times (FT) reported Sunday (April 20). Secondhand sellers can draw bargain-hunting consumers, appeal to other consumers who are looking to sell items for extra cash, sell merchandise that is immune from the tariffs, and raise prices because sellers of new imported goods will have to do the same, according to the report. In addition, this sector usually does well during economic downturns and has been appealing to younger consumers in any case

FF News
Apr 14th, 2025
Uk’S Car Boot Culture Moves Online: Peer-To-Peer Merchants Capitalise On Pre-Loved Boom

–The traditional car boot sale – once the spring / summer hallmark of British grassroots retail – is transitioning online, as online platforms are increasingly being used to sell pre-loved items to reach wider audiences and optimise returns. Checkout.com, which processes billions of transactions for thousands of companies that shape the digital economy, has reported a 127% uplift in pre-loved transactions from February to March this year.It seems the busiest days for pre-loved purchases this year were Sunday 23rd March and Sunday 30th March, the first two weekends after the spring equinox (21st March), which marks the official start of spring. From September 2024 to March 2025 alone, the volume of pre-loved transactions as a proportion of Checkout.com’s total processed business increased by 680%.These findings add to evidence of a growing trend towards online pre-loved sales. A recent report from Evri found that 55% of the UK – approximately 28m people – purchased a pre-loved item online between November 2023 and November 2024, and 47% had sold an item online in the same timeframe. According to GlobalData, sales of pre-owned clothes are set to reach $350bn by 2028 and make up 10% total global fashion sales – a 77.8% increase from 2023’s volume.Checkout.com is uniquely placed to support the pre-loved market thanks to its dedicated focus on the digital economy, which is distinct from other payments providers. It processes billions of transactions for thousands of companies that shape the digital economy worldwide, prioritising industry-leading acceptance rates and value for the merchants it serves.Its network of merchants includes some of the nation’s most notable shopping brands, including Vinted, Sainsbury’s and Uber Eats

PYMNTS
Mar 4th, 2025
Ai Drives Thredup’S 32% Growth In New Customer Volume

Artificial intelligence (AI) is at the core of ThredUp’s strategy, driving growth and improving customer engagement. New customer volume rose 32% year over year, according to CEO and Co-Founder James Reinhart, and AI has played a pivotal role. By focusing on AI, clothing reseller ThredUp is offering a more personalized and convenient online thrifting experience that aligns with consumer expectations. Accelerating Growth

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