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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 10:51AM

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.

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JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

JetBlue Airways raises bag fees as fuel prices soar

As CNBC reported, when one airline raises fees, others tend to follow.

JetBlue did not immediately respond to a request for comment.

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Netflix is hiking its prices again

Netflix is raising its subscription prices for the fourth time in four years, a move first spotted by Android Authority.

Per Netflix’s US pricing page, the cost of an ad-supported plan is climbing $1 to $8.99 per month, while the cost of a standard ad-free plan is going up $2 to $19.99 per month. The premium tier has also risen $2 to $26.99 per month.

The streamer last raised its subscription costs more than a year ago in January 2025. It also hiked prices in 2023, 2022, 2020, and 2019. Netflix shares climbed about 2% on the news.

“Our approach remains the same: we continue offering a range of prices and plans to meet a variety of needs, and as we deliver more value to our members we are updating our prices to enable us to reinvest in quality entertainment and improve their experience by updating our prices,” said a Netflix spokesperson, in a statement to Sherwood News.

Netflix is hiking your prices yet again: Standard, premium, and ad-supported all going up