@magicvent What I find interesting about this one is that it doesn’t recessarily require a strong consumer to succeed. If anything it benefits from a weak one as it’s all second hand luxury
As I’ve been saying- what happens when this “feeling” reverses?
Why consumer sentiment remains disconnected from economic reality.
https://t.co/UAzXaGrade
$REAL Most comparable company is $CVNA. $REAL ISN'T RETAIL! $REAL ISN'T Ecommerce! It controls the entire secondary luxury market (200B+ TAM) 90B added to this yearly! $CVNA Worth 75 Billion!
$REAL The total value of luxury goods currently sitting unworn in closets globally is estimated to be between
$ 500Billion- $1 Trillion, with 90 Billion Added to this annually. $REAL currently does 2 Billion GMV. A company that has endless upside.
.@POTUS: "We just made a great settlement of the war with Iran, and we're going to be subject to finalization of documents, which should get done over the next few days. We'll probably have a signing, maybe in Europe — and it's a great thing."
$REAL The same board members GET ELECTED AGAIN. Incredible. Years of underperformance, years of excuses, and yet the shareholders get more of the same. The dead weight remains.