Per the email sent this morning, The RealReal is now offering cash for your handbags!
This move to BOR (Buy Outright) makes so much sense s they have been doing this with watches already and I’m super excited to see how this changes the landscape with Rebag and Fashionphile.
While 50% cash upfront is a tad low, the sheer market share they have in this industry is going to hit a few companies hard but until we actually get feedback from people selling, all things point to success. While I don’t believe they would do this with clothing because of the volume and time it would take, jewelry seems to be the next category they would include.
What do you think?