Wednesday, August 21, 2019

Resale clothing company thredUP gets $175 million in funding

Reuters
Online resale store thredUP said on Wednesday it received $175 million in funding which it will use to expand its platform to offer resale clothing services to retailers.

Last week, the department store chains J.C. Penney Company Inc and Macy’s Inc. announced partnerships with San Francisco-based thredUP intended to lure younger, more environmentally conscious shoppers into stores and to provide retailers fresh inventory of secondhand clothing and accessories. . . . more

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