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July 24, 2012 05:00 pm GMT
Online kids' clothing consignment shop thredUPsays its recent transition from online swap meet to clothing resale service has been working. When the company was originally founded back in 2009, the goal was to offer a platform where parents could trade boxes of used kids' clothes directly with each other. But despite some steady but slow growth, thredUP made the shift into consignment this past March. Now parents send in clothes to the service, and receive credits to spend in the online shop. Since the change, thredUP reports 50% month-over-month growth, and says it's now on track to sell over 100,000 items during back-to-school shopping season.The company is also announcing the addition of a new executive,Chief Operations Officer John Voris, formerly VP of Operations Engineering at Netflix, and new board memberAndy Rendich, former Chief Service and Operations Officer at Netflix.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/2L7TfkHnZ00/
Kids Clothing Service thredUP Adds Netflix Execs As It Prepares To Scale
Online kids' clothing consignment shop thredUPsays its recent transition from online swap meet to clothing resale service has been working. When the company was originally founded back in 2009, the goal was to offer a platform where parents could trade boxes of used kids' clothes directly with each other. But despite some steady but slow growth, thredUP made the shift into consignment this past March. Now parents send in clothes to the service, and receive credits to spend in the online shop. Since the change, thredUP reports 50% month-over-month growth, and says it's now on track to sell over 100,000 items during back-to-school shopping season.The company is also announcing the addition of a new executive,Chief Operations Officer John Voris, formerly VP of Operations Engineering at Netflix, and new board memberAndy Rendich, former Chief Service and Operations Officer at Netflix.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/2L7TfkHnZ00/
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