Online resale clothing store thredUP has received $175 million in funding which will be used in part to expand its partnerships with retailers, bringing thredUP’s total capital raised to more than $300 million, Reuters reported. Last week, Cincinnati-based Macy’s (NYSE: M) announced it was piloting a partnership with San Francisco-based Thredup in 40 of its stores across the country. “We know many consumers are passionate about sustainable fashion and shopping resale,” Macy’s CEO Jeff Gennette said during a second-quarter earnings call Aug. 14.
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