In March, The RealReal, revealed that it would be looking to consign its way to near-term profitability. Since its establishment in 2011, this platform dedicated to secondhand goods has not yet managed to generate a profit. While the success of these efforts remains uncertain, the...
Rebag wants to turn secondhand luxury buyers into sellers and investors to boost its inventory. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Recalling then-candidate Joe Biden’s 2019 advice that out-of-work coal miners should learn to code, now-unemployed coders may want to check job listings for “Luxury Procurement Specialist” or “Handbag Authenticator” as the resale sector widens its crackdown on knockoffs. Get the Full Story Complete the form...
The online luxury goods reseller Rebag says it has raised $33 million through a Series E round, bringing the firm’s total funding to $101 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
November 23, 2023
As inflation takes its toll on consumer spending, luxury consignment stores are grappling with the effects, witnessing a notable increase in the challenges associated with high-end fashion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our […]
December 15, 2021
The online luxury goods reseller Rebag says it has raised $33 million through a Series E round, bringing the firm’s total funding to $101 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, […]
