TDUP - ThredUp stock slides as consumer discretionary spending worries mount

ThredUp ( NASDAQ: TDUP ) was one of the biggest decliners in the consumer discretionary sector on Wednesday after the retail sales report for December came in soft. The report included a month-over-month drop in the e-commerce category for December and the weak numbers for the department store category have some crossover implications for TDUP.

Shares of ThredUp ( TDUP ) were down 15.38% at 2:15 p.m. on volume higher than normal activity. The e-commerce stock has bounced back considerably from its low mark in November, but is still down more than 80% over the last 52 weeks.

Profitability concerns have cut into the growth story around ThredUp, with analysts forecasting a strong of unprofitable quarter s in 2023.

"Inflation is constraining discretionary spend, while elevated promos across the industry are increasing competition, detracting from TDUP's value-based offering," warned Jefferies analyst Ashey Helgans recently.

Dig into the growth metrics on ThredUp.

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