Second-hand fashion platform ThredUp has reported a 26.7 percent increase in revenue in the second quarter of the year as the red-hot resale market continues to grow. The gross margin grew to 73.6 percent, from 69.7 per cent a year prior.
ThredUp gears up for European expansion The transaction is expected close in the fourth quarter 2021.
Last month, Reinhart said he was “bullish” about “the massive opportunity in the European resale market” and the chance “to build on Remix’s technology and operational expertise to help accelerate its growth”. This guidance does not include Remix’s acquisition.