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OAKLAND - Fashion resale specialist ThredUp has confirmed it is re-evaluating the future of its European business.

Reporting a narrower net loss of US$14.0 million for its second quarter, down from a loss of $18.8 million in the same period last year, the company also confirmed it was launching a new suite of AI-powered shopping tools that are designed to transform the way customers shop for its pre-loved clothing.

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