It's hard not to be impressed with The RealReal's stock market debut. The luxury reseller raised $300MM in its initial public offering and saw its shares soar nearly 45% before settling in at at a market capitalization of $2.4 billion. Not too shabby. Until very recently the resale market was dominated by decidedly low brow thrift shops along with … Continue reading With the RealReal’s blockbuster IPO is ‘recommerce’ retail’s next big thing?
Just a couple of years ago the conventional wisdom was that e-commerce was going to wreak havoc with every aspect of physical retail. This "e-commerce will eat the world" hypothesis continues to drive the "retail apocalypse" nonsense. It has even caused some normally level-headed analysts (and some maybe not so much) to suggest that brick & … Continue reading Pure-play e-commerce’s scaling woes continue