Fashion’s challenges are resale’s opportunities, as ThredUp clocks historic revenue growth.
Active buyers of 1.4 million and orders of 1.3 million showed year-over-year growth of 14 percent and 28 percent, respectively.
“As if retailers don’t have enough things to worry about with supply chain constraints and labor shortages,” UBS analyst Robert Samuels wrote in a note to clients. Now dwindling stock levels for new garments appear to be choking the fashion business, with Adobe Analytics reporting that, across U.S.
“We have chosen to strategically lower prices in order to engage as many customers as possible during a time when consumers are feeling price pressure in many other parts of their life,” he said.
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