TDUP / ThredUp stock falls more than 11% after mixed quarter, guidance

OAKLAND, Calif., Oct. 09, 2023 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, sh more_horizontal

ThredUp Inc. move to place a stronger emphasis on more well-to-do consumers should allow it to maintain robust top line expansion even if the economy more_horizontal

ThredUP topped estimates and showed signs that its cost-cutting efforts were paying off. The company is still significantly unprofitable and has a lon more_horizontal

ThredUp is well-positioned to capture growth in the US soft lines resale market, which is expected to grow at a CAGR of approximately 30% by 2027. The more_horizontal

ThredUp Inc. (NASDAQ:TDUP ) Q1 2023 Results Conference Call May 9, 2023 4:30 PM ET Company Participants Lauren Frasch - Head, IR James Reinhart - CEO more_horizontal

ThredUp is listing on the Long Term Stock Exchange, which is designed to promote sustainable principles and a long-term focus among investors and busi more_horizontal

The handbag and accessory brand Patricia Nash is now using thredUP's Resale-as-a-Service (RaaS) offering. With the launch of its new Rediscovered more_horizontal

ThredUP's 2023 annual resale report predicts that secondhand by 2027 will reach $350 billion, and the U.S.market is expected to grow to $70 billion. more_horizontal