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Chris Ventry, Vice President of Retail & Consumer Packaged Goods was quoted in WWD on how quarantine is impacting the renting, consigning, and resale of clothing. “In the near-term companies like The RealReal should see a short-term benefit with people working from home and unable to go to stores,” but these businesses may also be able to find an alternate benefit in a retail slowdown, “in terms of gaining access to covetable inventory at a discount to wholesale both directly from the brands, as well as from the retailers.”
Ventry agreed that the rental market will suffer a slowdown in the short-term due to shutdowns limiting the need for rental products.
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Chris Ventry serves as a Vice President in the Retail & Consumer Packaged Goods practice at SSA & Company