Company mission
Inspiring a new generation of consumers to think secondhand first
ThredUp is changing the way consumers shop and ushering in a more sustainable future for fashion
When James Reinhart was turned away from his local consignment store with an armful of hardly worn clothes, he knew there must be a better way for people and the environment. In 2009, ThredUp set out to modernize resale with technology and is now one of the largest online resale platforms.
As a resale pioneer, ThredUp is upending innovation in retail, the apparel industry, and the planet. They are the vanguard of a movement to help a generation of consumers and retailers embrace a more sustainable, circular future.
Listed on LTSE
2022
Also listed on NASDAQ
Symbol
TDUP
Better policies for greater impact
ThredUp is committed to our mission-oriented approach, making an impact on its people, communities, the planet – and investors.
ThredUp's Long-Term Policies
Stakeholders
With the collective power of ThredUp's stakeholders, they’ll pioneer a more sustainable future for the fashion industry.
Strategy
ThredUp's impact flows from a long-term outlook: engaging in medium and long-term planning that links back to their overall vision.
Compensation
Executive and board compensation is linked directly to long-term performance.
Board
Board membership requires a long-term commitment to social and sustainability initiatives and to stockholders.
Shareholders
ThredUp is committed to engaging with long-term and sustainability-focused investors.
Company Mission
ThredUp is creating investor value through a focus on long-term Impact
Making a real impact - environmental:
“The fashion industry is one of the most environmentally damaging sectors of the global economy. By extending the life cycle of apparel, resale is a powerful solution to the industry's wastefulness.”
James Reinhart, CEO & Co-Founder
Making a real impact - social:
“Together, we are a collective inspired by our mission. We believe we all have a purpose in the work we do and the impact it creates.”
Natalie Breece, Chief People + Diversity Officer
Making a real impact - governance:
“Building a business with purpose is not just evidenced in our business model, but also in the values we uphold. Transparency, integrity, and ethical behavior form the underpinnings of our approach and guide our day-to-day operations.”
Alon Rotem, Chief Legal Officer
By the numbers
25%
on average reduction in new carbon emissions by buying and wearing secondhand clothing instead of new*
637M lbs
CO2e displaced by thrifting*
$4.1B
saved by our buyers off estimated retail price**
*Source: Green Story Inc. Life Cycle Assessment 2022
**Source: thredUP
Legal Disclosure
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice or an offer to buy or sell any securities. Long-Term Stock Exchange (“LTSE”), including its affiliate, LTSE Services, Inc., does not recommend or make any representation as to possible benefits from any securities or investments, or third-party products or services. Information provided by a LTSE-listed company or other third-party is not endorsed or guaranteed by LTSE. All information is provided as is. Representations and warranties of any kind are disclaimed, except to the extent disclaimer is prohibited by law. Past performance is not indicative of future results. Investors should undertake their own due diligence regarding securities and investment practices. This material may contain forward-looking statements regarding LTSE or a LTSE-listed company that are based on the current beliefs and expectations of management, are subject to significant risks and uncertainties, and which may differ from actual results. Such forward-looking statements include, but are not limited to, projections relating to LTSE or a LTSE-listed company’s future financial results or statements that are not historical facts. © 2023 Long-Term Stock Exchange, including its affiliate, LTSE Services, Inc. All rights reserved.