ThredUp To Open New 10M Item Distribution Center In Dallas Area

  • Online resale platform ThredUp Inc TDUP plans expansion of operations in Lancaster, Texas, in the Dallas-Forth Worth metroplex. The company will invest $70 million in capital for the new distribution center.
  • thredUP expects the new nearly 600,000 square foot facility located off I-35 and I-20 to likely be its largest and most automated distribution center.
  • The new facility is planned as thredUP's first four-level facility and will store up to 10 million items, more than doubling its total capacity to 16.5 million items across its network.
  • thredUP plans to begin processing items in the new distribution center in Q2 2022 with an initial capacity of 500,000 items.
  • Upon its opening, the new facility will employ 300 people with plans to employ 2,000 people total.
  • Price Action: TDUP shares traded higher by 3.32% at $19.11 on the last check Tuesday.
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