ThredUp announced on Tuesday sales for the third quarter surged 34 percent to $82.2 million, with the U.S. resale platform attributing the increase to a lift in customer numbers and order growth.
The Oakland, California-based company said active buyer numbers rose 26 percent to 1.57 million, while orders skyrocketed 37 percent to 1.61 million for the third quarter ending September.
Net income fell to $583,000 during the quarter, compared to $739,000 in the prior-year period.
“In Q3, we are proud to have delivered our fourth consecutive quarter of accelerating revenue growth, driven by exceptional new buyer acquisition and order growth,” said ThredUp CEO and co-founder, James Reinhart.
“This quarter, we launched a fully rebranded ThredUp experience, with new products and features that c

Fashion Network business
Idaho Press-Tribune
Associated Press Top News
WFVX WVII News
Greensboro News and Record
Reuters US Business
KRWG Public Media
CNN Business
The Spectator
Fox 11 Los Angeles Sports