Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

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markets e-commerce

ThredUp Reports Strong Growth But Forecasts Slowdown

By
Malique Morris
· · Source: The Information

Online used goods retailer ThredUp posted strong revenue growth of 68% for the fourth quarter but moved further away from profitability as it spent money expanding its distribution centers. But ThredUp said it expects revenue growth to slow sharply in the first quarter, to 27%, while it projected that revenue would rise 31% to 35% for the full year, in line with 2021. ThredUp shares fell...

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