Retail News

Luxury retail goes into resale mode

CNBC 09/19/2020

The novel coronavirus pandemic has had a significant effect on the sales of luxury clothing and accessories, and brick-and-click retailers as well as online resale services see opportunities for second-hand product sales. Resellers such as ThredUp have seen their inventories bolstered as consumers have begun emptying their closets and selling items to raise cash.

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