ThreadUp news and archive

ThreadUp narrows losses in Q1, sales rise

Online resale platform ThredUp reported first quarter revenue of 79.6 million dollars, an increase of 5 percent year-over-year. Gross profit for the quarter totaled 55.3 million dollars, up 8 percent, while gross margin rose to 69.5 percent. Net loss contracted to 16.6 million dollars or a negative 20.8 percent, while adjusted EBITDA loss...

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ThredUp appoints Coretha Rushing to its board of directors

ThredUp has announced the appointment of Coretha Rushing to the company’s board of directors. The company said in a release that with more than 35 years of human resources experience, Rushing will advise ThredUp on its employee initiatives, with a focus on health and wellness, attraction and retention, and diversity, equity, inclusion and...