ThredUp Inc.

07/29/2024 | Press release | Distributed by Public on 07/29/2024 08:43

XCVI Announces Resale Program Enabled by ThredUp’s Resale as a Service®

July 29, 2024 (Oakland, Calif. and New York) - XCVI, a contemporary women's clothing line,announced a Clean Out resale program that allows customers to resell gently-worn items for XCVI shopping credit. The program is 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. XCVI joins more than 50 other brands offering resale programs through RaaS, including J.Crew, Tommy Hilfiger, and Madewell.

Through the new program, customers can earn XCVI shopping credit for sending in gently-worn items. To participate, customers can generate a prepaid shipping label from xcvi.thredup.com, 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 XCVI credit that can be used both online and in-store.

For more information, please visit xcvi.thredup.com. To learn more about ThredUp's RaaS, visitraas.thredup.com.

About XCVI

XCVI was founded in 1996 (or XCVI - '96 in roman numerals) from the back of a mom-and-pop clothing boutique on Melrose Avenue. Together with designer Lilia Gorodnitski, the Zeltzer family manifested a shared vision of casual clothing that enriches women's lives with joy and ease. For nearly 30 years, we've continued to develop wearable, breathable, movable clothing for women who believe that style should not compromise comfort.

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.