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Resale Sites Inch Closer to Profitability

The RealReal and ThredUp are both eyeing at least EBITDA breakeven by 2024.
The RealReal store in Soho, New York
The RealReal store in Soho, New York. (Shutterstock)
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The RealReal and ThredUp, two of the biggest online resale platforms in the US, both reported narrowing losses in their latest earnings reports. ThredUp posted a net loss of $18.8 in the second quarter of 2023, down from $28.4 million in the year prior. The RealReal, meanwhile, saw its net loss drop to $41.3 million in the quarter compared to $53.2 million in 2022.

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About the author
Cathaleen Chen
Cathaleen Chen

Cathaleen Chen is Retail Editor at The Business of Fashion. She is based in New York and drives BoF’s coverage of the retail and direct-to-consumer sectors.

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