ThredUp Inc. (NASDAQ: TDUP), one of the largest online resale platforms for women’s and kids’ apparel, shoes, and accessories, today announced the expansion of its operations in Lancaster, Texas in the Dallas-Forth Worth metroplex. thredUP anticipates the facility will create 2,000 jobs, and the company will invest $70 million in capital for the new distribution center.
The new nearly 600,000 square foot facility located off I-35 and I-20 is expected to be thredUP’s largest and most automated distribution center upon completion. It is designed to be thredUP’s first four-level facility and upon completion will store as many as 10 million items – more than doubling the company’s total capacity to 16.5 million items across its network. The state-of-the-art facility will enable the company to further scale its operating platform as more consumers resell their clothing and thredUP continues to build the selection in its marketplace to historic levels. According to thredUP’s 2021 Resale Report, 52.6 million Americans resold apparel in 2020, and 76% of people who have never resold clothing are open to trying it.
“thredUP’s newest distribution center underscores our relentless investment in the technology and software that powers our network and enables us to deliver resale at unparalleled scale,” said James Reinhart, Co-Founder and CEO at thredUP. “With expanded item capacity and automation capabilities, thredUP is accelerating its ability to unlock massive amounts of supply and building the backbone for resale on the Internet for our customers and RaaS clients.”
thredUP expects to begin processing items in the new distribution center in Q2 2022 with an initial capacity of 500,000 items. The company expects to employ 300 people at this new location upon its opening with plans to employ 2,000 people total.
