SGB Footwear

ThredUp Completes Divestiture of European Business

The online reseller of apparel, shoes and accessories, announced today that it entered into a binding agreement to divest its European business, Remix, in a management buyout led by Florin Filote, the general manager of Remix.

Report: Footwear and Apparel Among Bright Spots for Weaker Store Traffic

“Categories like Apparel, Footwear, and Jewelry saw notable traffic increases on the Saturday following Black Friday, indicating that consumers are spreading out their purchases, revealing a shift in shopping behavior, with extended promotions allowing for more flexibility and reducing reliance on Black Friday.