Michael Stars Sets Out to Extend the Life of Clothes with New Apparel Clean Out Enabled by thredUP’s Resale-as-a-Service

Michael Stars and ThredUp Inc. (NASDAQ: TDUP) announced that thredUP will power resale for Michael Stars through its Resale-as-a-ServiceⓇ (RaaSⓇ) platform. The deal will facilitate apparel clean out in an effort to reduce the number of clothing items thrown away in the U.S. each year – 95 percent of which could be recycled or reused.

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thredUP Announces Launch of Public Offering

ThredUp Inc. (Nasdaq: TDUP) (“thredUP”), one of the largest online resale platforms for women’s and kids’ apparel, shoes and accessories, announced today the launch of the public offering of 6,424,369 shares of its Class A common stock, consisting of 2,000,000 shares to be issued and sold by thredUP and 4,424,369 shares to be sold by existing stockholders of thredUP.

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