ThredUp CEO: Sourcing Strategy, Pricing Data Drove Q3 Sell-Through [Yahoo! Finance]
ThredUp Inc. - Class A (TDUP)
Company Research
Source: Yahoo! Finance
Company founder and CEO James Reinhart told investors in a company conference call on third-quarter earnings results that it has made “substantial progress in the divestiture” of its European operation, Remix. The plan is to sell a majority stake in a management buyout led by current general manager Florin Filote. ThredUp would fund Remix with a final cash investment of $2 million, and retain a minority interest in the business. That deal could close by year-end. More from Sourcing Journal Department of Labor Puts Forth Best Practices for AI in the Workplace Byte-Sized AI: DHL Teams with BCG for Internal Gen AI Systems; Walmart Shares AI Plans for Holiday Registration Open: Texworld Rolls Out New Industry Insight Series and 'Made to Move' Area As for the U.S. marketplace, Reinhart said sourcing strategy and pricing algorithms played a role in strong third-quarter results. “Continued refinements in our sourcing strategy and pricing algorithms have allowed us to delight cus
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TDUP
Earnings
- 11/4/24 - Miss
TDUP
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 4
- 11/18/24 - Form 4
- TDUP's page on the SEC website