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The RealReal Sees Q1 Margin Uptick, But $38 Million Losses Mount

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Luxury resale marketplace The RealReal has hit a snag in its quest for profitability as shoppers shift their priorities away from high-end apparel and accessories during the COVID-19 pandemic, with the company seeing net losses of $38.3 million in the first quarter. But amid major cutbacks, the luxury goods platform is still investing in different…

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