OAKLAND – ThredUp, one of the fashion industry’s largest online resale platforms, has announced a drop in revenues, profits, user numbers and orders in its third quarter results for 2024.
ThredUp’s third quarter revenue of $73 million represented an 11% decrease, year-on-year, while gross profits were down 8% to $52 million. Active buyers fell by 7% to 1.6 million and orders were down 14% to 1.5 million.
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