Fashion resale startups have more potential than profits ...Middle East

The RealReal, Poshmark, and ThredUp are among the biggest companies to find success bringing sales of used fashion out of the thrift shop and putting them online. In the past few years, they’ve all grown substantially, buoyed by a surge in secondhand shopping. In 2019, The RealReal went public, and the other two followed this year.But while the companies’ sales rise, consistent profits remain harder to come by.On Aug. 9, The RealReal, which is focused on luxury fashion and operates on a consignment model, said its revenue reached $104.9 million for the three months through June 30, up 83% from the same time last year and 46% above its pre-pandemic level in 2019. Yet The RealReal also reporte

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