My ThredUp Reviews in 2022 (Buying + Selling) | ClothedUp (2024)

FAQs

Is thredUP doing well? ›

In ThredUp's second quarter of this year it had 1.7 million buyers and 1.7 million orders. The company's sales continue to increase with sales up 27% over last year to reach $76.4 million. ThredUp has already processed over 130 million articles of clothing since inception.

Is thredUP Worth It? As I said, I've been selling on thredUP since 2015, and over the years I've earned a grand total of $412.93.

Varying Commission and Payout Structure: ThredUp's commission fee varies from 20% to 90% of the selling price. And the sellers' payout depends on the cost of an item. For example, for items priced at $5.00 to $19.00, sellers get a payout of 5% to 15% and so on.

The Basics of Selling on thredUP

You don't even have to list or photograph items! You simply fill a kit with apparel items, send it in (with a provided shipping label), and wait to see if it sells. When you mail in your clothing, it goes through a 12-point inspection.

Net loss widened to $23.7 million, from last year's $14.7 million net loss. Gross profit declined 3% to $44.5 million, and gross margin contracted to 65.5% from 72.8% last year.

Sell on Poshmark: Poshmark is definitely superior to thredUP if you're looking to make the most money off your items. You also get to control your store and build a social community, which can be fun if you have the time and are willing to put the extra work in to build your own brand.

Any unaccepted items (the things thredUP wouldn't be able to sell on-site) are shipped back to you (for $10.99) or responsibly recycled, according to the company. The Donation Clean-Out Kit is what it sounds like.

The top 10 brands by number of resale listings in descending order are Athleta, Tea Collection, Lululemon Athletica LULU +0.4% , Tommy Hilfiger, Madewell, Eileen Fisher, Patagonia, REI, Pacsun and Kut from the Kloth. ThredUP has the most managed resale shops at 11, followed by Trove's eight, and Archive's three.

Selling on thredUP is super easy and functions similarly to an in-person thrift store. Simply send in your clothes and thredUP will determine which items they want to list. ThredUP makes selling your clothes easy and ethical, so you can clean out your closet and make some money doing it.

Does thredUP sell knock offs? ›

thredUP puts quality and authenticity first. We accept items in excellent condition—there should be no holes, pilling, stains, signs of wear, or missing labels. In addition, our staff of highly trained authenticators ensures that there are no signs of counterfeit.

When ThredUP sorts clothes, they have a checklist of things they look for, so as a buyer here's what you can expect, supposedly. Clean, freshly washed (ThredUp doesn't wash, but they supposedly only take clean clothes).

Thredup offers premium, and luxury brands all in one place at up to 90% off the estimated retail price in an ever-changing assortment, creating a fun shopping experience for its buyers. Since Thredup's items are secondhand and more affordably priced, its buyers can feel good when they shop.

Our verdict. Mercari once again comes out on top as their commission rates are VERY competitive and favorable for small businesses. However, this doesn't mean that Poshmark is ripping anyone off as they also have good rates but Mercari edges them out here.

Bed bugs are great hitchhikers. They can be brought into thrift stores on clothing, furniture and other used items from bed bug-infested homes. Bed bugs are very good at hiding and sometimes very difficult to find. Tiny holes, cracks and upholstery seams are often bed bug hiding places.

thredUP's competitors and similar companies include Letgo, Vestiaire Collective, The RealReal and Poshmark. thredUP is a company that provides a fashion resale-as-a-service (RaaS) platform for secondhand clothes. Letgo is a provider of a mobile application that allows users to buy and sell secondhand things.

eBay, the original buying and selling site that we all know and love, has been a resale go-to for decades. If you want to sell your clothes (or anything, really) all you have to do is set up an eBay account, post a photo and description, choose a starting price and watch as people make bids on your item.

What is the most popular online thrift store? ›

thredUP shopping carts can hold a total of 35 items at a time and items are reserved in your shopping cart for 4 hours.

Consignment Timeframe: How Long Does It Take ThredUp to Sell? Your items may be listed for up to 60 or 90 days, depending on the brand. Value and mall brands will be listed for up to 60 days, while premium and designer brands will be listed for up to 90 days.

You may reclaim an accepted item (except for ineligible Value Brands) during the final seven days of the item's listing window as long as they're not in another customer's cart or already purchased. Ineligible Value brands may not be reclaimed.

Despite fees and inconveniences, Ramhold said the process is worthwhile. “The benefits of selling online outweigh the negatives, as you can profit off of clothes you may have never even worn. As well, the items are not going to a landfill and someone can enjoy the clothes a second time around.”

Clothing. Clothing is an item that sells best in thrift stores. Accounting for 31.8 percent of industry revenue, clothing is the largest revenue generator in the Thrift Stores industry, according to IBISWorld. Instead of paying higher retail prices, many people are switching to thrift stores for their clothing needs.

Mercari: Is it worth it? Our verdict: Mercari is a legit and thriving online marketplace that's easy to use for both buyers and sellers. It's a good fit for sellers looking for a diverse market to sell just about anything at competitive seller fees.

Does thredUP take target clothes? ›

Target's is selling used apparel through a new relationship with ThredUP. The retailer, as of late March, has its own page on ThredUP featuring a selection of used apparel curated by its team from the resale platform's assortment, according to CNBC.

ThredUp. Occasionally products receive a “flawed gem” designation. The listing is upfront about what to expect. This dress, for example, shows minor signs of fabric wear. Example of a “flawed gem” Chanel dress.

thredUP also sells brands that produce clothes unethically. It doesn't carefully select its partners who align with high ethical values and sustainability standards. thredUP promotes sustainable fashion but pays little attention to the manufacturing process behind the clothes it sells.

To sell your clothes, click “Sell” on the Clean Out page. You can choose to order a Clean Out Bag from thredUP or get a shipping label emailed to you. Both of these options are free and have pre-paid shipping.

Should I sell them or donate them? While each person will ultimately make that decision for themselves: If you don't desperately need the money, you should always donate to a local charity whose mission you believe in. The only exceptions are valuable items or large items you are unable to transport yourself.

If you've been looking for a low-key side hustle, Poshmark is a great place to get going. It has over 8 million active buyers looking for their next fashion find. On top of that, the second-hand market is an at an all-time high and is set to double by 2026.

Cheaper selling fees: On Mercari takes 10% for the seller fee, as well as 2.9%+. 30 processing fee versus Poshmark's 20% fee. You can set selling goals: This isn't a huge one, but I like that you can set personal selling goals for yourself and it will track your progress for you!

The biggest downside of selling is Poshmark fees or commission. It's a flat rate of $2.95 for anything under $15. It's 20% for items $15 and above. That really cuts into profits, particularly for lower priced items.

Annual revenue of $251.8 million, representing 35% growth year-over-year. Annual gross margin of 70.7% and gross profit growth of 39% year-over-year.

Is thredUP stock a good investment? ›

thredUP has 103.12% upside potential, based on the analysts' average price target. Can I see which stocks the top-ranking analysts are rating? Yes, go to the Analysts' Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.

Secondhand shopping is a booming industry. In the 2022 resale report by online consignment giant ThredUp and analytics firm Global Data, it found North America is leading the global secondhand market. It's estimated to more than double by 2026, reaching $82 billion annually.

Do all unaccepted items go into Rescue Boxes? No. Only 5% of items we reject make it into Rescue boxes. Unaccepted items that don't qualify for Rescue Boxes are reused or responsibly recycled by our vetted network of textile recyclers.

The top 10 brands by number of resale listings in descending order are Athleta, Tea Collection, Lululemon Athletica LULU +0.4% , Tommy Hilfiger, Madewell, Eileen Fisher, Patagonia, REI, Pacsun and Kut from the Kloth. ThredUP has the most managed resale shops at 11, followed by Trove's eight, and Archive's three.

Once you join ThredUP and see the wonderful array of items to buy, you'll probably want to consider selling your unwanted items to finance your new habit! Although savings on ThredUP items are usually around 90% off retail pricing, you can still make money selling items here.

When ThredUP sorts clothes, they have a checklist of things they look for, so as a buyer here's what you can expect, supposedly. Clean, freshly washed (ThredUp doesn't wash, but they supposedly only take clean clothes).

thredUP provides an online marketplace for secondhand clothing. Founders James Reinhart, Chris Homer and Oliver Lubin have taken about $53 million in outside capital from venture and angel investors, as well as loans.

February through April is prime yard sale time here. So, if you're in the market for clothing or household goods, this is a great time to shop thrift stores. No matter what time of day, week or year you shop at thrift stores, you're bound to find something you need.

Why does Gen Z love thrifting? ›

Gen Z sees thrifting as a lifestyle, the report explains. "Thrifting feels emblematic of the way Gen Z strays from the beaten path," Refinery29 Fashion Market Writer Eliza Huber said in a statement. "They want to be independent. They want to save the planet.