Just weeks after reporting 17% top-line growth for the second quarter, ThredUp senior management made the case for its new U.S. focus in a roundtable discussion at the Wells Fargo 9th Annual Consumer Conference. The decision to divest Remix, TDUP’s struggling European business, at the end of 2024 has simplified its operational model, driving consecutive quarters of expanding EBITDA and positive free cash flow, though the bottom line has yet to turn positive. Its current growth strategy calls for direct reinvestment to scale the business and capitalize on the growing secondhand ... Log in to view full article.