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Image: The RealReal
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1. Poshmark and RealReal’s Half-Off Sale: The hype around online used-apparel sellers might have been too much.  In the first quarter, RealReal saw gross merchandise value, a measure of total sales through its platform, grow 27% compared with a year earlier. Poshmark reported that its gross merchandise value grew 43% compared with a year earlier or 14% compared with the prior quarter. – Read More on the WSJ

2. RELATED READ: Q1 Sales Are Up for The RealReal, as Shoppers Opt for Fine Jewelry and “High-Value” Handbags. Addressing the question about “when will apparel return,” Wainwright stated that apparel “did show growth in Q1, [but] it is just not growing – and is still not part of the mix – [in the same way] as it was prior to COVID.” In other words, “Apparel is up. It is just not as up as much as fine jewelry, handbag and watches.” – Read More on TFL

3. The New Trajectory of Retail Innovation Is Guided by Digital-First Customers: Recently-released Salesforce data shows that digital adoption continues to soar. For example, daily online spending in the U.S. peaked for Q1 on March 17, growing 117% year over year (YoY). – Read More on Forbes

4. Canada Goose expects margin hit as fewer tourists flock to stores: Tourism, which makes up a “lush percentage” of sales for Canada Goose, is not likely to reach pre-pandemic levels in fiscal 2022. The company has opened new stores and doubled down on its online business in the world’s second-largest economy to cushion the hit from lower spending by wealthy Chinese travelers at its stores. – Read More on Reuters

5. These are the most crowded stocks around the globe, according to UBS: Analysts from investment bank UBS have calculated the world’s most crowded stocks, with companies in the tech, luxury and automotive sectors making it into the top 10. – Read More on CNBC