ThredUp Inc - Ordinary Shares - Class A Stock News

After three years of ownership, secondhand clothing marketplace ThredUp has sold Remix, its European reCommerce platform. The company announced the divestiture Tuesday (Dec. 3), the results of a management buyout led by Florin Filote, general manager of Remix.

Fashion resale marketplace ThredUp has divested its European business to focus on its core domestic U.S. market.

OAKLAND, Calif.--(BUSINESS WIRE)--ThredUp Inc. (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that it entered into a binding agreement to divest its European business, Remix, in a management buyout led by Florin Filote, the General Manager of Remix. The divestiture closed simultaneously with the signing of the agreemen...

ThredUp Inc. (NASDAQ:TDUP ) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Lauren Frasch - Senior Director, Investor Relations and Strategic Finance James Reinhart - Co-Founder and CEO Sean Sobers - Chief Financial Officer Conference Call Participants Ike Boruchow - Wells Fargo Bernie McTernan - Needham & Company Dylan Carden - William Blair Operator Good day,...

OAKLAND, Calif., Nov. 04, 2024 (GLOBE NEWSWIRE) -- ThredUp Inc. (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today its financial results for the third quarter ended September 30, 2024 and updated full year 2024 financial outlook.

OAKLAND, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- ThredUp (NASDAQ: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today that its financial results for the third quarter ended September 30, 2024 will be released on Monday, November 4, 2024 after the close of the U.S. markets. ThredUp will host a conference call and live webcast that ...

There's a trade that's generally accepted anytime someone makes an investment.

TDUP's Q2 2024 revenue, EBITDA loss, and net loss were worse than what the market had expected. ThredUp's decision to part ways with its European business operations will improve its financial profile and throw up potential value-accretive capital allocation opportunities. I have lowered my rating for TDUP to a Hold; this is fair, taking into account both the company's negative results and posi...