However, due to the impact of the epidemic, the willingness to trade second-hand luxury goods has also shown a downturn. New products and second-hand goods can not be bought. Real real, a well-known second-hand luxury resale platform, recently reported second quarter results, with revenue plummeting 21% to $57.4 million.
Gross merchandise sales (Gmv) fell 20% to $180 million, while net loss expanded to $42.9 million from $25 million a year earlier. The group said the decline was mainly affected by a 29% drop in shipments in the two largest markets in New York and Los Angeles, as well as the closure of some offline stores and suppliers.
Cant jeans sell? Lees parent companys revenue plummeted 43% in the second quarter. Saint Laurent bought 4000 pieces of antique brand collections. H & M groups brand & Other Stories is suspected of racial discrimination. Source: Netease fashion editor: CHEN Si_ NB12921