Trove Makes Major Moves To Help Fashion Brands Grow Through Resale [Forbes]
ThredUp Inc. - Class A (TDUP)
Company Research
Source: Forbes
getty The secondhand fashion market is on fire and more fashion brands want a piece of the action. Brisbane, CA-based Trove offers a full suite of services to help brands bring resale to their current customers and use it to attract in new customers. Founded in 2016 with Patagonia, Eileen Fisher and REI early adopters, Trove enables fashion brands to test the waters in resale and grow that segment of their business while contributing to the bottom line. Last year 52% of consumers shopped for clothing secondhand and on average they spent about half their apparel budget on resale, according to ThredUp's latest resale report . It's an opportunity too good to miss. Resale Is Growing Six-Times Faster In the U.S. resale fashion will more than double in size from 2023 to reach $44 billion by 2028. And it will grow over six times faster than the broader retail clothing market, ThredUp reports. While brick-and-mortar secondhand stores and non-profit charities currently hold the gr
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News
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- ThredUp's (NASDAQ:TDUP) Q3: Beats On Revenue, Stock Soars [Yahoo! Finance]Yahoo! Finance
- ThredUp Announces Third Quarter 2024 ResultsGlobeNewswire
TDUP
Earnings
- 11/4/24 - Miss
TDUP
Sec Filings
- 11/7/24 - Form SC
- 11/6/24 - Form SC
- 11/4/24 - Form 10-Q
- TDUP's page on the SEC website