OAKLAND, Calif. and
BROOMFIELD, Colo., Nov. 4, 2021 /PRNewswire/ -- Crocs, Inc. (NASDAQ:
CROX), a global leader in innovative casual footwear, and thredUP
(NASDAQ: TDUP), one of the largest online resale platforms for
women's and kids' apparel, shoes, and accessories, today announced
a new Clean Out program enabled by thredUP's
Resale-as-a-ServiceⓇ (RaaSⓇ) platform.
Designed to give preloved items a second life, the program is part
of Crocs' commitment to become a net zero company by 2030. Crocs
joins some of the world's leading brands and retailers who deliver
customized, scalable resale experiences to their customers through
thredUP's RaaS, including adidas, GAP, and Madewell.
Crocs and thredUP today announced a new Clean Out program enabled
by thredUP's Resale-as-a-ServiceⓇ (RaaSⓇ) platform.
"Crocs shoes are incredibly durable and perfectly built for a
second life, so encouraging customers to consider reuse is
extremely important to us," said Michelle
Poole, Brand President at
Crocs. "Crocs and thredUP are both committed to keeping products in
use and out of landfills, and we're thrilled to partner with
thredUP to reduce our environmental footprint and bring us one
step closer to achieving our net zero goal by taking action to
create a more comfortable world."
"Crocs has put tremendous emphasis around reducing environmental
impact and waste, and thredUP is humbled to be part of their
sustainability journey," said Pooja
Sethi, Senior Vice President and General Manager of
RaaSⓇ at thredUP. "By enabling Crocs customers to
give preloved items a second life through thredUP's
Resale-as-a-Service, we're promoting reuse and inching closer to a
more circular future for fashion."
Starting Nov. 4, 2021, Crocs
customers in the United States can
generate a prepaid shipping label from www.thredup.com/crocs, fill
any shippable box with apparel, shoes, and accessories from any
brand, and ship it to thredUP for free. While it's encouraged, it
is not required that customers donate Crocs™ shoes to participate
in the Clean Out program. Once the items are received, they must
pass a rigorous quality inspection before they are listed on
thredup.com, after which sellers receive a Crocs shopping credit.
For a limited time, Crocs will provide an additional bonus to
encourage customers to participate. The shopping credit can be used
to purchase any items in-store or online at www.crocs.com. Crocs'
resale experience is powered by thredUP's
RaaSⓇ technology, software, and logistics. Read
more about thredUP's RaaSⓇ here.
The partnership furthers Crocs' sustainability journey, which
aims to address the entire value chain and includes investments in
sustainable ingredients, packaging, resource use and product
afterlife solutions. Crocs already donates a significant number of
unsellable Crocs™ shoes to those in need each year, and both brands
aim to keep items in use and out of landfills. This program is the
first-of-a-kind from Crocs and directly supports the brand's
strategic focus on product afterlife solutions, a key pillar of its
roadmap to achieve net zero by 2030. To learn more about Crocs'
sustainability journey, please visit
www.crocs.com/crocs-purpose.
About Crocs, Inc.
Crocs, Inc. (Nasdaq: CROX) is a world leader in innovative
casual footwear, combining comfort and style with a value that
consumers know and love. The vast majority of shoes within Crocs'
collection contain Croslite™ material, a proprietary, molded
footwear technology, delivering extraordinary comfort with each
step. In 2021, Crocs declares that expressing yourself and being
comfortable are not mutually exclusive. To learn more about Crocs
or our global Come As You Are™ campaign, please visit www.crocs.com
or follow @Crocs on Facebook, Instagram and Twitter.
Investor Contact
Cori
Lin, Crocs, Inc.
(303) 848-5053
clin@crocs.com
Media Contact
Ryan
Roccaforte, Crocs, Inc.
(303) 848-7885
publicrelations@crocs.com
About thredUP
thredUP is transforming resale with technology and a mission to
inspire a new generation of consumers to think secondhand first. By
making it easy to buy and sell secondhand, thredUP has become one
of the world's largest resale platforms for women's and kids'
apparel, shoes and accessories. Sellers love thredUP because we
make it easy to clean out their closets and unlock value for
themselves or for the charity of their choice while doing good for
the planet. Buyers love shopping value, premium and luxury brands
all in one place, at up to 90% off estimated retail price. Our
proprietary operating platform is the foundation for our managed
marketplace and consists of distributed processing infrastructure,
proprietary software and systems and data science expertise. In
2018, we extended our platform with thredUP's Resale-As-A-Service
(RaaSⓇ), which facilitates modern resale for a
number of the world's leading brands and retailers. thredUP has
processed over 125 million unique secondhand items from 35,000
brands across 100 categories. By extending the life cycle of
clothing, thredUP is changing the way consumers shop and ushering
in a more sustainable future for the fashion industry.
Investor Contact
Lauren
Frasch
thredUP
ir@thredup.com
Media Contact
Christina
Schultz
thredUP
media@thredup.com
Forward Looking Statements
This release contains forward-looking statements.
Forward-looking statements include all statements that are not
historical facts. The words "believe," "may," "will," "estimate,"
"continue," "anticipate," "intend," "expect," "predict" and similar
expressions are intended to identify forward-looking statements.
These forward-looking statements are subject to a number of risks,
uncertainties and assumptions. Except as required by law, thredUP
has no obligation to update any of these forward-looking statements
to conform these statements to actual results or revised
expectations.
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SOURCE thredUP