ThredUp

ThredUp

Online consignment 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 high-end 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. Unlike many competitors, thredUP emphasizes sustainability and affordability, appealing to eco-conscious shoppers. The company's goal is to make secondhand shopping accessible and convenient, promoting a more sustainable fashion industry.

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Simplify's Take

What believers are saying

  • AI-driven growth led to a 32% increase in new customer volume.
  • Tariffs on new clothing enhance ThredUp's value proposition for secondhand shoppers.
  • The resale market is projected to reach $350 billion by 2028, boosting ThredUp's potential.

What critics are saying

  • Increased competition from peer-to-peer platforms like Vinted and Sainsbury's.
  • Potential over-reliance on AI strategies could backfire with shifting consumer preferences.
  • Divestiture of Remix may limit ThredUp's growth in the European market.

What makes ThredUp unique

  • ThredUp offers a unique online consignment model with a 'Clean Out' service.
  • The platform features premium brands at up to 90% off retail prices.
  • AI-driven personalization enhances customer engagement and shopping experience.

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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

↑ 0%

2 year growth

↑ 0%
PYMNTS
May 5th, 2025
Thredup Surges As Ceo Sees Tariffs Tilting Shoppers To Resale

Online resale marketplace ThredUP delivered better-than-expected first-quarter earnings Monday (May 5), reinforcing shoppers’ growing taste for secondhand clothing. And in a theme not sounded very often during this earnings season, CEO James Reinhart says the Trump administration’s proposed tariffs on Chinese imports could sharpen that advantage by making new clothes more expensive.The Oakland, Calif., company reported revenue of $71.3 million for the three months ended March 31, a 10.5% jump from a year earlier and roughly 4% ahead of Wall Street estimates. Gross margin held near a hefty 79%, while an adjusted EBITDA profit of $3.8 million marked a swing from red ink a year ago. The net loss narrowed to $5.2 million, or $0.04 a share, and ThredUP lifted its full-year sales outlook to about $286 million at the midpoint, up from $275 million.Reinhart told analysts that Washington’s move to tighten the “de minimis” exemption, which today lets low-value shipments from fast-fashion giants enter the U.S. duty-free, and talk of broader apparel tariffs could push up the cost of new clothing and curb production volumes abroad.“If the price of new clothing goes up because of these tariffs, we believe this enhances the comparative value proposition for consumers who shop for used clothing on ThredUP,” he said.Higher import duties could also level the playing field in marketing. Reinhart noted that big ad buyers such as Shein and Temu have already cut spending on Meta and Google, a shift that has eased the inflation in customer-acquisition costs ThredUP has battled in recent quarters

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

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