ThredUp

ThredUp runs a two-sided recommerce model. On the consumer side, it acquires supply from individuals through a managed consignment workflow, processes and merchandises items, and monetises resale demand through transaction-based economics. On the enterprise side, it repackages its resale operations, logistics and platform capabilities as infrastructure for retailers and brands that want to launch branded resale programmes. Value is created by aggregating inventory, simplifying resale participation, and using centralised operations to make second-hand commerce easier for both consumers and enterprise partners.

ThredUp is a US-based online resale company focused on second-hand fashion. It operates a consumer marketplace and mobile app where shoppers buy used clothing, shoes, handbags and accessories, while sellers use a managed consignment model in which ThredUp handles intake, inspection, pricing, listing and fulfilment. This makes it a hybrid of marketplace, retailer and logistics operator rather than a pure peer-to-peer listing platform.

Beyond consumer resale, ThredUp sells resale infrastructure to brands and retailers through its Resale-as-a-Service offering, which combines technology, logistics and operational support for branded resale programmes. The company makes money through commissions and sales margins on resale transactions, seller-related service fees, membership-style loyalty revenue, and enterprise fees from brand partners. Available evidence indicates that after divesting its European business in late 2024, the company is focused primarily on the US market.