Nogin Announces Modcloset and Betabrand Forever, Resale Programs Enabled by ThredUp’s Resale-as-a-Service®

March 27, 2024 (Oakland, Calif. and New York) – Nogin (Nasdaq: NOGN, NOGNW), a pioneer in Commerce-as-a-Service (CaaS) ecommerce technology and services, and ThredUp (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, today announced resale programs for two of its subsidiaries, Modcloth and Betabrand. The programs allow customers to shop secondhand products directly from each brand’s website and resell gently-worn items for shopping credit to the respective brand. Modcloset and Betabrand Forever are both powered by ThredUp’s Resale-as-a-Service® (RaaS®), which enables the world's leading fashion brands and retailers to deliver customizable, scalable resale experiences to their customers. Modcloth and Betabrand join more than 40 other brands offering resale programs through RaaS, including J.Crew, Tommy Hilfiger, and Madewell.

Through Modcloset and Betabrand Forever, customers can purchase secondhand apparel, shoes, and accessories from both Modcloth and Betabrand directly on each brand’s website at modcloth.thredup.com and betabrand.thredup.com, respectively. Customers can also earn shopping credit to Modcloth or Betabrand for sending in gently-worn items. To participate in Clean Out, customers can generate a prepaid shipping label from here or here, fill any shippable box or bag with apparel, shoes, and accessories from any brand in their closet, and ship it to ThredUp for free. For items that sell on ThredUp, customers receive Modcloth or Betabrand credit that can be used online.

For more information about Modcloset, visit modcloth.thredup.com. For more information about Betabrand Forever, visit betabrand.thredup.com. To learn more about ThredUp's RaaS, visit raas.thredup.com.

About ThredUp:

ThredUp is transforming resale with technology and a mission to inspire the world to think secondhand first. By making it easy to buy and sell secondhand, ThredUp has become one of the world's largest online resale platforms for apparel, shoes and accessories. Sellers love 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. Buyers love shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. With ThredUp's Resale-as-a-Service, some of the world's leading brands and retailers are leveraging our platform to deliver customizable, scalable resale experiences to their customers. ThredUp has processed over 172 million unique secondhand items from 55,000 brands across 100 categories. By extending the life cycle of clothing, ThredUp is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.