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Why ThredUp’s CEO was giving literal high-fives after Trump’s tariff policies

Could competition getting trounced by trade restrictions help the resale giant turn a profit?

4/7/25 9:51AM

You’d have been hard pressed to find many clothing company execs celebrating a single one of President Trump’s new trade policies last week — but that’s exactly what ThredUp CEO James Reinhart did.

Reinhart, the cofounder of one of the biggest names in the online clothing resale industry, reportedly high-fived a colleague on hearing that the Trump administration will close a loophole that’s allowed Shein and Temu to dominate by dodging import taxes on packages under $800 for years.

While a lot of retail stocks were hammered in the aftermath of “Liberation Day,” as key international manufacturing hubs were slapped with 30% or higher tariffs, ThredUp held up pretty well, its share price having risen modestly over the last five days. As Reinhart himself observed in the same interview, “Our supply chain is domestic,” which could help make the company become an “outlier” in the space across the coming quarters.

Still, it might take a little more than the suffering of overseas (and overseas-exposed) competitors to get ThredUp into the black any time soon.

ThredDown

Since going public just over four years ago in March 2021, ThredUp shares have slumped more than 85%, as investors have grown weary of the long path to profitability for a platform where people go to resell their clothes, shoes, and other pre-loved items. However, ThredUp is hardly alone in the challenges it faces in the secondhand clothing industry: luxury reseller The RealReal has also struggled to reach profitability since going public, down over 80% since its IPO.

Max Knoblauch10/24/25

Premium seats help push airlines higher following third-quarter results

Shares of American Airlines are climbing toward the carrier’s best trading day since August 12, when ultra-budget rival Spirit issued its initial warning about its ability to survive. American’s shares are up more than 7% on Friday afternoon.

Investors’ optimism comes a day after American posted a better-than-expected full-year earnings forecast. In a call with investors, American said that it’s ramping up its premium cabin offerings.

“Our ability to grow capacity in premium markets will be further supported as we take delivery of new aircraft and reconfigure our existing fleet. These efforts will allow us to grow our premium seats at nearly two times the rate of main cabin seats,” CEO Robert Isom said. American CFO Devin May said that nose-to-tail retrofits of certain wide-body jets will bump the number of premium seats available on those planes by 25%.

Extra legroom has been a boon for major carriers, particularly this quarter. Delta Air Lines said its premium product revenue grew 9% in Q3, compared to a 4% drop in economy seat revenue. Similarly, United Airlines said its premium revenue grew 6%, outpacing economy. Shares of both airlines were up more than 3% on Friday.

Carriers with less exposure to first- and business-class tickets like Southwest Airlines and JetBlue didn’t see the same amount of momentum on the day.