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Resale, Rentals and Subscriptions Have Tommy Hilfiger, Michael Kors Spooked

The resale economy is steadily “sneaking up” on fashion, one of several new business models disrupting an industry that struggled to “connect the dots” when technology arrived on the scene, according to one Michael Kors executive. Successful luxury resale businesses like The RealReal—which operates online and in stores and raised a $115 million Series G…

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