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Secondhand Sellers Have Problems, but Demand Isn't One

Sellers of used goods don’t always enjoy a classy reputation, but they have a high-class problem at the moment: Their products are selling like hot cakes.

Supply constraints—not a demand collapse—caused revenue declines last quarter for both luxury consignor The RealReal and used-car seller Carvana. Some of those issues were similar to ones traditional retailers are facing. Safety measures due to the coronavirus pandemic meant that processing capacity was limited: Sellers of used goods must inspect, clean and, in some cases,…

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