The company also reported a corporate retention rate of 96 percent in 2022, up 6 percent from 2020. Its board is split 50-50 for female leadership with 20 percent identifying as a “racial minority” per the report. That being said, the report said the reseller has, for the first time, included after-market shipping in its footprint, a major stride in closing the accountability loop.Īs for its diversity, equity and inclusion initiatives, ThredUp reported 26 percent “minority” senior leadership, 60 percent female senior leadership and 3 percent “Black or LatinX”-identifying senior leadership in 2022. The latest report noted that previous years’ emissions were “restated due to a data error.” (The amount of ton-miles shipments to Canada were “overstated”). In its latest report, ThredUp calculated 37,336 metric tons of carbon dioxide equivalents, which varies vastly from its 154,942 reported last year. The RealReal's 'Reset' Aims for Smaller but More Profitable Business Last year, the reseller dual-listed on Nasdaq and the Long-term Stock Exchange in an attempt to better underscore its value proposition. Wall Street is getting a slice of the secondhand bug, too. This includes 42 launched with ThredUp to date. Brands have jumped in on the action, with 88 brands launching dedicated resale programs in 2022. ThredUp’s “secondhand first” mindset bodes well for closet collaborations from stylist Karla Welch to “The White Lotus” star Haley Lu Richardson. This is per ThredUp’s impact report released Wednesday, which spanned emissions, DEI, upcycling and donations, among other callouts. The reseller processed 172.3 million items to date with 7.8 million items listed across ThredUp brand partners. This is a significant jump from the previous year, up 88 percent, even with ThredUp now charging for its clean-out service. Some half a million, or 480,000, clean-out kits have been ordered through the resale-as-a-service model to date. Men of Thrift often has affiliate partnerships, and may generate some revenue from links at no cost to you.ThredUp’s trademark teal polka-dot bag is certainly making its rounds, per its latest impact report. Get ready to discover a new way of shopping that is both sustainable and fashion-forward.Īs fashion journalists, we write about things that we love and think you like too. Our guide will help you navigate the world of men's online thrift stores and find the best deals on the clothes you love. So if you're looking to add some unique and stylish pieces to your wardrobe, without breaking the bank, join the online thrift shopping revolution today. Online thrift shopping is convenient, affordable, and best of all, fun! No more sifting through crowded racks or spending hours in traffic to visit your local thrift store. With just a few clicks, you can explore a world of vintage and contemporary clothing, from streetwear grails to luxury fashion, without ever leaving your home. Whether you are a fashion-conscious millennial or a trendsetting member of Generation Z, there is something for everyone at online thrift stores. Today, online thrift stores have revolutionized the way men shop for clothing, providing a vast selection of high-quality, pre-loved clothing that is both stylish and affordable. Gone are the days when second-hand shopping was considered a niche interest or a budget option for those who couldn't afford new clothes.
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