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Stock impact report

Fashion Resale Evolution: Some Models Thrive While Others Struggle [Forbes]

ThredUp Inc. - Class A (TDUP) 
Company Research Source: Forbes
The fashion resale market has long been described as a disruptor in the retail industry, promising sustainability, affordability, and a second life for luxury goods. Yet despite its appeal, the financial realities of the business have proven challenging for some of its biggest players. Take ThredUp, the online fashion reseller that has raised over $430 million since its inception in 2009. Since going public in 2021, the company has yet to turn a profit, reporting an EBITDA loss of $37.5 million on $314 million in revenue in its most recent fiscal year. The RealReal, another major player, has raised over $600 million since its founding in 2011. While it posted a rare profit of $5.4 million on $580 million in revenue in its most recent 12-month reporting period, its top executives took home a combined $9.15 million in 2023, not an encouraging sign to the financial market. If the appeal of this industry eludes you, you are not alone. The RealReal's stock is heavily shorted—at nearly Show less Read more
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