thredUP Co-Founder & CEO James Reinhart speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 02, 2019 in San Francisco, California.The booming re-sale fashion market has a clear leader in ThredUp, Barclays said in a note on Tuesday.
The firm initiated coverage of the stock with an overweight rating, comparing the company's business model and market-position to the early days of Amazon. "TDUP is a leading mass-market player in the rapidly growing apparel and accessories resale e-commerce space," the note said. "Its business model built around proprietary logistics infrastructure and razor-thin contribution profit per item reminds us of Amazon in the early days, when heavy upfront investments assured high customer service levels and retention."
Pro Wondering when Thredup will hire folks who can measure accurately and let us put measurements into the search? It would save hours per search.