How ThredUP Is Changing Secondhand Fashion
Applying Logistical Technology to Manage a Mega-Inventory
Secondhand clothing site thredUp, now a publicly traded company, to build a resale technology solution for brands alongside its customer marketplace. Competition in resale has surged in the past year, with heightened industry attention on the secondhand market, due to its relevance among younger customer. Estimated annual sales are $36 billion, expected to do while in the next years (Figure 2-6.1). It is expected to develop in the next five years.
ThredUp raised $168 million at a market value of $1.3 billion in its initial public offering (IPO). It claims $1.24 million active buyers, 428,000 active sellers, and $251.8 million in revenue ...
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