×
63 982
Fashion Jobs
LULULEMON
Assistant Manager, Operations | Legacy West
Permanent · Plano
LULULEMON
Assistant Manager, Operations | Clackamas
Permanent · Happy Valley
LULULEMON
Assistant Manager, Operations (Permanent) | San Luis Obispo
Permanent · San Luis Obispo
LULULEMON
Assistant Manager, Operations | Maryland Plaza
Permanent · St. Louis
LULULEMON
Assistant Manager, Operations | Lincoln ne
Permanent · Lincoln
LEVI'S
Warehouse Supervisor
Permanent · Canton
ESTEE LAUDER
Manager, Internal Operations, HR Services
Permanent · New York
ESTEE LAUDER
Product Manager, Digital Technology & Innovation Group
Permanent · New York
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Freehold Raceway
Permanent · Freehold Township
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Brea
Permanent · Brea
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Oakbrook
Permanent · Oak Brook
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Northshore
Permanent · Peabody
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Mall at Millenia
Permanent · Orlando
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Deerbrook
Permanent · Humble
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Cielo Vista
Permanent · El Paso
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Fashion Square
Permanent · Scottsdale
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Bridgewater Commons
Permanent · Bridgewater Township
GAP INC.
Senior Manager, Change Management - Digital Product Creation
Permanent · San Francisco
GAP INC.
Director, Product Management - Customer Analytics
Permanent · San Francisco
GAP INC.
Associate Analyst, Finance
Permanent · Albuquerque
GAP INC.
Manager, Ecommerce Performance Analysis
Permanent · San Francisco
ATHLETA
General Manager - Victoria Gardens
Permanent · Rancho Cucamonga
Published
May 10, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

ThredUp Q1 revenues lift 31%, losses narrow

Published
May 10, 2022

Online resale platform ThredUp Inc. said on Monday total revenues for the first quarter surged 31%, as the American company made further inroads in Europe and extended its RaaS capabilities to more clients.


Total revenues reached $72.7 million for the quarter ending March 31 - ThredUp



The Oakland California-based ThredUp said total revenues reached $72.7 million for the quarter ending March 31. By category, consignment revenues totalled $47.4 million, while product revenues totalled $25.3 million.

Net losses narrowed to $20.7 million, or 28.5% of revenue, for the first quarter, compared to net loss of $16.2 million, or 29.0% of revenue, for the first quarter last year.

"We kicked off 2022 with another quarter of strong financial performance, demonstrating the ongoing competitive advantages we’ve developed in our supply chain," said ThredUP CEO and co-founder James Reinhart.

During the quarter, ThredUp said ​it brought two new dedicated processing centers online in the U.S. in Grapevine, TX and Lebanon, TN, in addition to breaking ground on a new U.S. flagship distribution center in Dallas, TX and a new facility in Sofia, Bulgaria.

The company also continued to expand its RaaS (Retail-as-a-Service) program to new clients, including Pacsun, and the expansion of its Madewell relationship into extended categories, increasing listings by 500%.

Finally, in April, it launched its 'Recommerce 100' program, an objective review of branded recommerce that tracks brands' adoption of resale, each program's growth, and their potential impact on the planet.

"We're thrilled about the progress we're making in the European market as well as the growing roster of brands and retailers we're supporting through our RaaS offering," added Reinhart.

"By continuing to invest in our global infrastructure, we're confident that we're strengthening our position in the growing resale market and making progress towards building a generation-defining company that changes the way the world shops and ushers in a new era of sustainable shopping."

Looking ahead, the company said it expects full-year revenue in the range of $315 million to $325 million.

Copyright © 2022 FashionNetwork.com All rights reserved.