×
74 043
Fashion Jobs
THE REALREAL
Sales Account Manager (Account Luxury Manager)
Permanent · Los Angeles
HOMEGOODS
Loss Prevention Customer Service Associate
Permanent · Plymouth
HOMEGOODS
Loss Prevention Detective
Permanent · Edina
TJ MAXX
Retail Store Cleaning Part Time
Permanent · Corvallis
HOMEGOODS
Loss Prevention Associate- Full Time
Permanent · Worcester
AMERICAN EAGLE OUTFITTERS
Specialist - Commercial Asset Protection - us
Permanent · ELIZABETH
MONCLER
Raw Material Purchasing
Permanent ·
MONCLER
HR Analyst
Permanent ·
ROSS
Store Protection Specialist
Permanent · Los Angeles
ROSS
Store Protection Specialist
Permanent · Villa Park
FOOT LOCKER
sr. Director Marketing, Foot Locker North America
Permanent · New York
JCPENNEY
Asset Protection Associate - Auburn Mall
Permanent · Auburn
JCPENNEY
Asset Protection Associate - South Hill Mall
Permanent · Puyallup
JCPENNEY
Asset Protection Associate - Wheaton Plaza
Permanent · Wheaton-Glenmont
JCPENNEY
Asset Protection Associate - Woodland Shopg Cntr
Permanent · Grand Rapids
JCPENNEY
Asset Protection Associate - The Empire Mall
Permanent · Sioux Falls
JCPENNEY
Sales Floor Supervisor - Woodland Hills Mall
Permanent · Tulsa
JCPENNEY
Asset Protection Associate - Oak Park Shopg Cntr
Permanent · Overland Park
JCPENNEY
Asset Protection Associate - Parkway Plaza
Permanent · El Cajon
JCPENNEY
Sales Floor Supervisor - Coronado Center
Permanent · Albuquerque
JCPENNEY
Asset Protection Associate - West County Ctr
Permanent · Des Peres
JCPENNEY
Asset Protection Associate - Wellington Green s/c
Permanent · Wellington
Published
Oct 22, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

ThredUp files for U.S. IPO

Published
Oct 22, 2020

Digital-first fashion resale marketplace ThredUp revealed on Wednesday that it has filed confidentially for an initial public offering in the United States.


According to an earlier report from ThredUp, the platform has maintained 20% growth during the pandemic - Instagram: @thredup

 
In a statement, the Oakland, California-based company announced that it has submitted a draft registration statement to the U.S. Securities and Exchange Commission. The IPO will begin once the SEC has completed its review process, with ThredUp currently hoping to be listed by early 2021.
 
Neither the number of shares nor the price range of the offering have been specified by the company. According to Bloomberg, ThredUp could raise between $200 million and $300 million with the IPO.

In a funding round closed in August of last year, the secondhand marketplace raised $175 million. Investors in the company include Goldman Sachs, Upfront Ventures, Trinity Ventures, Park West Asset Management and Irving Investors
 
ThredUp’s filing follows hot on the heels of that made by the company’s Redwood City, California-based rival, Poshmark, which filed confidentially for an IPO in late September.
 
Both companies have centered their operations in the increasingly lucrative resale market, which could be worth $64 billion within the next five years, according to Global Data statistics cited by a ThredUp report published earlier this year.
 
And despite throwing the retail sector into disarray, the Covid-19 pandemic does not seem to have had such a negative impact on resale platforms, with ThredUp claiming that it has maintained 20% growth since shelter-in-place orders were first implemented.
 
Since its foundation in 2009, ThredUp has signed off on partnerships with a number of big-name retailers, including J.C. Penney, Abercrombie & Fitch, Madewell and Walmart. For the most part, these collaborations were secured through the company’s “Resale-as-a-Service” model.
 
As of the end of May, all of ThredUp’s distribution centers are operational, but the company’s physical retail locations remain temporarily closed due to the ongoing health crisis.

Copyright © 2023 FashionNetwork.com All rights reserved.