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What The RealReal’s store closures say about the future of luxury resale

The luxury resale market is a very competitive arena, and the recent news surrounding The RealReal only reaffirms this statement. The US-based company recently announced that it will lay off approximately 230 employees, representing approximately 7 per cent of its workforce, and close a number of stores, including several flagship locations.   This is part of a broader trend, with the likes of Neiman Marcus Group and Ssenselaying off around 5 to 7 per cent of their workforce, too, acco