8 unchanged sentences
Sellers enjoy ThredUp because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet.
−Removed: ThredUp’s sellers order a Clean Out Kit, fill and return it to us using our prepaid label.
+Added: ThredUp’s sellers order a Clean Out Bag, fill and return it to us using our prepaid label.
We take it from there and do the work to make those accepted items available for resale.
In addition to our core marketplace, some of the world’s leading brands and retailers are already taking advantage of our Resale-as-a-Service (“RaaS”) offering, which allows them to conveniently offer a scalable closet clean out service and/or resale shop to their customers.
−Removed: We believe RaaS will accelerate the growth of this emerging category and form the backbone of the modern resale experience.
+Added: We believe RaaS will accelerate the growth of this emerging category and supplements our overall supply strategy.
We have built a differentiated and defensible operating platform to enable resale at scale, combining:
4 unchanged sentences
We drive continuous operational efficiency through proprietary technology and ongoing automation of our infrastructure.
−Removed: Our existing processing and distribution centers are located in Arizona, Georgia, Pennsylvania, and Texas.
+Added: Our existing distribution centers are located in Arizona, Georgia, Pennsylvania, and Texas.
By locating our facilities in strategic locations across the country, we can be closer to our buyers and sellers, which allows us to reduce shipping times in transit, and lower our inbound and outbound shipping costs.
12 unchanged sentences
We also offer Style Chat, an AI-powered chatbot, that helps customers create complete outfits based on natural language prompts that they provide.
−Removed: We generate revenue primarily from items that are sold to buyers on our website and mobile app, as well as bag fees charged to sellers for processing Clean Out Kits.
−Removed: Our revenue is comprised of consignment sales and direct product sales.
−Removed: With consignment sales, we recognize revenue net of seller payouts, and cost of revenue includes outbound shipping, outbound labor and packaging costs.
−Removed: With direct product sales, we recognize revenue on a gross basis, and cost of revenue mainly includes inventory cost, inbound shipping and inventory write-downs, as well as outbound shipping, outbound labor and packaging costs.
−Removed: Our buyers generally pay us upfront when they purchase an item.
−Removed: Revenue from our RaaS offerings typically includes an upfront integration fee as well as ongoing service fees which are then recorded to consignment revenue.
−Removed: With RaaS, brands and retailers are leveraging our operating platform to deliver resale experiences to their customers across three main service modules:
−Removed: our Clean Out service, our cashout marketplace, and our full-service resale shops.
−Removed: This suite of offerings is called “Resale 360” and enables our RaaS clients to drive incremental revenue and access new customers while promoting a circular business model.
−Removed: As of December 31, 2024, we worked with 50 RaaS clients, including Gap, Reformation, J.Crew, Madewell, Abercrombie, and the Container Store.
+Added: We generate revenue primarily from items that are sold to buyers on our website and mobile app, as well as bag fees charged to sellers for processing Clean Out Bags.
+Added: Our revenue is primarily derived from consignment sales, which are recognized net of seller payouts, discounts, incentives and returns.
+Added: Cost of revenue primarily includes outbound shipping, outbound labor and packaging costs.
On November 30, 2024, we divested 91.0% of the common stock of Remix US Holdings Inc., the parent company of Remix Global EAD (“Remix”), the operating subsidiary for our European business.
6 unchanged sentences
• secondhand marketplaces, such as eBay, Goodwill, Mercari, Poshmark, The RealReal, Vinted and Vestiaire Collective;
−Removed: • large online and discount retailers, such as Amazon.com, Inc., Target Corporation, Kohl’s Corporation and Walmart Inc.;
+Added: • large online and discount retailers, such as Amazon.com, Inc., Target Corporation, and Walmart Inc.;
• off-price retailers, such as Burlington Stores, Inc., Ross Stores, Inc.
21 unchanged sentences
We are subject to a variety of United States federal and state laws as well as international laws that affect companies conducting business on the Internet and in the retail industry, many of which are still evolving and could be interpreted in ways that could harm our business.
−Removed: These laws and regulations include laws governing the processing of payments, consumer protection and other laws regarding unfair and deceptive trade practices.
+Added: These laws and regulations include laws governing the processing of payments, consumer protection, privacy and other laws regarding unfair and deceptive trade practices.
These laws and regulations could make internet advertising more expensive, require burdensome disclosure to consumers or visitors to our website and restrict our ability to use consumer information to improve targeted advertisements.
27 unchanged sentences
We are committed to identifying talent from a range of backgrounds and experiences.
−Removed: All full-time United States based employees are eligible to participate in our employee stock purchase plan, eight weeks paid sabbatical after three years and 401k plan.
+Added: All full-time United States based employees are eligible to participate in our employee stock purchase plan and 401k plan.
+Added: In addition, full-time United States-based exempt employees are eligible for an eight weeks paid sabbatical after three years of service .
Available Information
16 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.