ThredUp
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| ISIN | 🆔 |
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| Industry | Fashion |
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| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
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ThredUp is a fashion resale platform.
Platform[edit]
ThredUp allows users to trade in secondhand items and earn shopping credit toward purchasing clothes from others. They also provide an online consignment platform for traditional retailers.[1]
The New York Times in 2019 reported that ThredUp showed "clearly deceptive" notices of recent purchases on its website to other customers, an instance of what the publication described as "dark patterns", deceptive tactics used in user interface.[2] The company told the New York Times that the notices used "real data", but fake names and locations "to be sensitive to privacy"; the company did not respond when asked if the notices reflected real purchases.[2]
Corporate affairs[edit]
ThredUp went public with an initial public offering in March 2021.[3][4][5][excessive citations]
In August 2022, ThredUp announced that they would be reducing their workforce size to focus on profitability in anticipation of market shifts.[6]
See also[edit]
References[edit]
- ↑ "thredUP Newsroom - Milestones". thredUP newsroom.
- ↑ 2.0 2.1 Valentino-DeVries, Jennifer (24 June 2019). "How E-Commerce Sites Manipulate You Into Buying Things You May Not Want". The New York Times. Retrieved 7 January 2024.
- ↑ Scott, Charity L. (26 March 2021). "ThredUp's Stock Jumps 30% in Market Debut". The Wall Street Journal. Retrieved 7 January 2024.
- ↑ Clark, Evan (March 25, 2021). "ThredUp Prices IPO, Starts With $1.3 Valuation". Women's Wear Daily.
- ↑ Garcia, Tonya (March 8, 2021). "ThredUp IPO: 5 things to know about the secondhand e-commerce site". MarketWatch.
- ↑ Howland, Daphne (August 16, 2022). "ThredUp lays off 15% of its corporate workforce as Q2 losses widen". Retail Dive.
Further reading[edit]
- "ThredUp, a new start-up based in Cambridge, Mass., adopts a Netflix-style model for swapping articles of clothing. (Bits)"
- https://www.washingtonpost.com/news/business/wp/2015/09/21/thredup-reinventing-the-resale-business-20-years-after-ebay/
- https://www.washingtonpost.com/technology/2023/05/24/4-day-work-week-united-states/
- Department stores / etc.
- see NYT coverage
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