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How the luxury resale market is influencing the retail market

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The RealReal’s luxury report shows just how influential the luxury resale market is on the retail market. The online luxury consignment site recently released its 2016 mid-year luxury resale report and revealed a great deal about the state of the luxury consignment market. The data was gathered from over 4 million RealReal shoppers and 2 million of their purchases. The …

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Brillen.de raises $50 million for online eyewear shop

SuperVista AG, parent company of Germany-based online eyewear retailer, Brillen.de, has raised €45 million ($50 million at current exchange rates) in venture funding. The investment came from Technology Crossover Ventures. Also as part of the funding, John Doran, principal at TCV, and Simon Breakwell, venture partner at TCV, have joined Brillen.de’s board. “Brillen.de has a unique, vertically integrated omnichannel model, …

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RevCascade launches marketplace automation solution

Image credit: Tommy Mendes  
RevCascade co-founders Josh Wexler and Andrea Tobin

Right now, global retail e-commerce sales stand at $1.7 trillion, and are poised to reach as high as $3.6 trillion by 2019, according to data gathered from a recent eMarketer forecast. Marketplace behemoths like Alibaba, Amazon and Ebay are generating more than $700 billion of those retail sales, and smaller e-commerce retailers are looking to follow their success. The marketplaces …

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Thread raises £4 million for online personal styling service

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London-based online personal styling service, Thread, has raised £4 million ($5.8 million at current exchange) in venture funding. The company has raised $16.32 million to date. The investment came from its existing investors Beringea Balderton Capital and Andrew Jennings, former president of Saks 5th Avenue.  Additionally, angel investors including Edgar Bronfman Jr. former owner of Warner Music, Guy Hipwell, former …

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