This holiday season, resale has become a core part of how consumers shop and save. ThredUp’s 2025 Holiday Report shows nearly 40% of holiday budgets are going toward secondhand gifts, with two-thirds of shoppers open to giving pre-owned items. Almost half of consumers plan to fund holiday spending by selling items from their own closets, creating a major opportunity for brands to engage customers through Closet Clean Out programs. As resale continues to gain momentum and mainstream attention, brands that adopt resale now can unlock incremental revenue, and strengthen their sustainability credentials during the most influential shopping time of the year.

Circular fashion is gaining unstoppable momentum - and ThredUp is leading the movement. This quarter, we’re thrilled to welcome Cotopaxi, Vitamin A, and New York & Company to our Resale-as-a-Service® family, each launching innovative programs that boost loyalty and extend apparel life. ThredUp’s new brand identity and AI-driven shopping experience mark a bold step forward for resale, while recognition on Inc.’s Power Partners 2025 list underscores our growing industry impact. From Paris Fashion Week to major headlines across CNBC and Business of Fashion, one thing is clear: the future of fashion is circular - and it’s already here.

Resale is gaining serious momentum, and ThredUp’s Resale-as-a-Service® platform is helping brands lead the way. This month, we’re celebrating new partnerships with Farm Rio and Pact, both launching Clean Out programs that reward customers for choosing circular fashion. J.Crew Group’s latest ESG Report highlights the impressive impact of their resale initiatives, with millions of items collected and recirculated. Plus, resale continues to make headlines as more brands recognize its power to drive growth, engagement, and sustainability.