Latest news with #ResaleReport
Fashion Network
08-05-2025
- Business
- Fashion Network
ThredUp partners with UK's Beyond retro to take British vintage to US
On Thursday, American secondhand fashion platform ThredUp and UK-based vintage giant Beyond Retro unveiled a groundbreaking new partnership to take British vintage to US shoppers. The deal sees a first-of-its-kind curated collection of 17,000 vintage and vintage-inspired pieces being made available from Beyond Retro's archives. They span decades, styles, and stories. The companies said the collaboration 'not only celebrates the enduring power of great design but also positions secondhand as the ultimate style ThredUp and Beyond Retro are reimagining what it means to shop vintage in a digital age'. They added that while 'the pieces are timeless, the experience is thoroughly modern. ThredUp's sleek user interface makes discovering one-of-a-kind finds easier than ever, empowering personal style through conscious shopping'. Within parent company Bank & Vogue, Beyond Retro is just about the biggest name in UK vintage fashion and is also known for its 'new' pieces that repurpose vintage materials across a wide rage of price points. Earlier this year, for instance, Bank & Vogue partnered with Coach to introduce a collection of luxury bags made from textiles that were once destined for landfill. The limited-edition pieces sold for retail prices from £395 to £730. Meanwhile ThredUp is an equally prominent name in secondhand fashion. With a focus on curated, quality vintage pieces, only this week it reported Q1 revenues jumping 10% to $71.3 million on the back of rises in its active buyer numbers during the three months. The company, which last year announced plans to exit Europe, also said its losses from continuing operations narrowed significantly Its latest Resale Report this year said that the global secondhand apparel market is projected to reach $367 billion by 2029.
Fashion Network
06-05-2025
- Business
- Fashion Network
ThredUp sales surge 10% on record-breaking new buyer growth
Resale platform ThredUp announced on Tuesday first-quarter revenues increased 10% to $71.3 million, on the back of solid gains in its active buyer numbers during the three months. The Oakland, California-based company said active buyers grew 6% to 1.37 million, with new buyer growth of 95%, serving as its best quarter for new buyer acquisition since its inception. Active orders were also up 16% for the three months ending March 31. Profit-wise, the company said loss from continuing operations was $5.2 million for the first quarter, compared to a loss from continuing operations of $12.2 million last year. 'We are proud to deliver Q1 out-performance, including a record quarter for new buyer acquisition,' said ThredUp CEO and co-founder, James Reinhart. 'With momentum in our marketplace, we are pleased to be raising our full year outlook while we continue to improve the product experience for both buyers and sellers.' Looking ahead, the company said it expects full-year revenue to be in the range of $281 million to $291 million, up 10% year-over-year at the midpoint. Earlier this year, the online resale platform launched its annual 'Resale Report' revealing that the global secondhand apparel market is projected to reach $367 billion by 2029.
Fashion Network
06-05-2025
- Business
- Fashion Network
ThredUp sales surge 10% on record-breaking new buyer growth
Resale platform ThredUp announced on Tuesday first-quarter revenues increased 10% to $71.3 million, on the back of solid gains in its active buyer numbers during the three months. The Oakland, California-based company said active buyers grew 6% to 1.37 million, with new buyer growth of 95%, serving as its best quarter for new buyer acquisition since its inception. Active orders were also up 16% for the three months ending March 31. Profit-wise, the company said loss from continuing operations was $5.2 million for the first quarter, compared to a loss from continuing operations of $12.2 million last year. 'We are proud to deliver Q1 out-performance, including a record quarter for new buyer acquisition,' said ThredUp CEO and co-founder, James Reinhart. 'With momentum in our marketplace, we are pleased to be raising our full year outlook while we continue to improve the product experience for both buyers and sellers.' Looking ahead, the company said it expects full-year revenue to be in the range of $281 million to $291 million, up 10% year-over-year at the midpoint. Earlier this year, the online resale platform launched its annual 'Resale Report' revealing that the global secondhand apparel market is projected to reach $367 billion by 2029.
Fashion Network
06-05-2025
- Business
- Fashion Network
ThredUp sales surge 10% on record-breaking new buyer growth
Resale platform ThredUp announced on Tuesday first-quarter revenues increased 10% to $71.3 million, on the back of solid gains in its active buyer numbers during the three months. The Oakland, California-based company said active buyers grew 6% to 1.37 million, with new buyer growth of 95%, serving as its best quarter for new buyer acquisition since its inception. Active orders were also up 16% for the three months ending March 31. Profit-wise, the company said loss from continuing operations was $5.2 million for the first quarter, compared to a loss from continuing operations of $12.2 million last year. 'We are proud to deliver Q1 out-performance, including a record quarter for new buyer acquisition,' said ThredUp CEO and co-founder, James Reinhart. 'With momentum in our marketplace, we are pleased to be raising our full year outlook while we continue to improve the product experience for both buyers and sellers.' Looking ahead, the company said it expects full-year revenue to be in the range of $281 million to $291 million, up 10% year-over-year at the midpoint. Earlier this year, the online resale platform launched its annual 'Resale Report' revealing that the global secondhand apparel market is projected to reach $367 billion by 2029.
