Full-Time
Posted on 9/9/2024
Online consignment for secondhand clothing
$120k - $155kAnnually
Senior
No H1B Sponsorship
Scottsdale, AZ, USA
Hybrid work environment: 3 days in the office and 1 day remote each week.
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. Unlike many competitors, thredUP emphasizes sustainability and affordability, appealing to both budget-conscious and environmentally aware shoppers. The company's goal is to make secondhand shopping convenient and accessible, promoting a more sustainable approach to fashion.
Company Size
501-1,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2009
Help us improve and share your feedback! Did you find this helpful?
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
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
For retailers, the rise of artificial intelligence-driven tools presents not just an opportunity, but a mandate to evolve. With its ability to process immense datasets, deliver hyper-personalized recommendations and negotiate prices, generative AI is transforming retail into an ecosystem where innovation and convenience collide. “AI isn’t replacing jobs, but those who don’t embrace it risk falling behind,” ThredUp Chief Product and Technology Officer Dan DeMeyere told PYMNTS during a discussion for the series “When Chatbots Go Shopping: How GenAI Is Shaking Up the Retail Status Quo.”
The resale retail sector, once considered a niche market fueled by thrifty shoppers and vintage enthusiasts, has emerged as a multibillion-dollar industry. As just one data point, ThredUp, a quiet powerhouse in the space, has processed over 220 million secondhand clothing items to date. Behind the digital racks of its 4-million-item inventory lies a sophisticated data operation transforming how consumers shop for pre-owned fashion. “We are a very data-driven operational company,” ThredUp Chief Product and Technology Officer Dan DeMeyere told PYMNTS
ThredUp acquired Remix in July 2021, a $28.5 million deal designed to give it a foothold in the then-emerging European resale market, while providing the Bulgaria-based Remix with the resources to scale faster than it would on its own.
After three years of ownership, secondhand clothing marketplace ThredUp has sold Remix, its European reCommerce platform. The company announced the divestiture Tuesday (Dec. 3), the results of a management buyout led by Florin Filote, general manager of Remix. The deal sees ThredUp retaining a minority interest in Remix, with the company also giving Remix a final investment of $2 million. “This is a mutually beneficial outcome for both ThredUp and Remix,” ThredUp Co-Founder and CEO James Reinhart said in a news release. “We are confident that Remix will thrive under Florin Filote’s leadership and the team’s expertise