Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
H&M multinational clothing company based in Sweden revealed it has teamed up with ThredUp, an online consignment and thrift store firm, to set up a resale program in the United States. The company announced this plan on Tuesday, March 14.
As per Reuters, ThredUp has already worked with various brands by managing their pre-loved clothing sales, and H&M will be its biggest brand partner so far. The collaboration will also mark the H&M Group’s first used clothing resale marketplace in the U.S.
Once up and running, H&M’s resale marketplace will initially offer about 30,000 clothing items. Its resale site is powered by ThredUp, which will also be responsible for restocking the site with H&M goods consigned by users.
It was mentioned that H&M’s in the clothing retail business, such as Zara and SHEIN, have also set up their own resale marketplaces as people showed a growing interest in sustainability initiatives in this era. An investment firm estimated that the used clothing resale market may grow to $300 billion business by 2031.
In any case, Abigail Kammerzell, H&M North America’s head of sustainability, said the company sees resale as part of its wider push toward sustainable practices. She mentioned that their brand will also release a denim collection made with recycled materials.
"With our new ‘H&M Pre-Loved’ resale shop powered by ThredUP's Resale-as-a-Service, we are ensuring customers can find the largest amount of stylish, preloved H&M pieces ever to give them a second life," Kammerzell said in a press release. "We need to take responsibility for the impact fashion has on the climate and the environment.”
ThredUp’s co-founder and CEO, James Reinhart, also said, "We are thrilled that H&M has chosen to partner with thredUP to debut their first resale program in the U.S., building on their global momentum investing in new circular business models. We are pleased that thredUP's Resale-as-a-Service is powering a scalable resale program to reach H&M's customers in a new and sustainable way."
