Fashion Retail Startups Have More Potential Than Profits

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. Read more at Quartz.