Posted on August 17, 2022
ThredUp operates in the red-hot resale apparel market and also sells a platform to third-party brands that may be more lucrative than its own retail operations. But it’s still a clothing retailer at time when consumers are buying fewer clothes.
Across the board, fewer people shopped the site from May to July, though more of the discount-oriented customers have pulled back, Reinhart said.
“Discount and budget shoppers make up about one third of our customer base, so essentially nearly one in four of them are sidelining themselves from apparel purchases right now,” he said.
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