As demand wavers some could face default and bankruptcy, including The RealReal.

With stimulus payments gone, consumers under pressure from inflation, capital markets tighter and business inputs still expensive, the financially or operationally weaker players who rode a wave of high demand and a quiet promotional environment are at risk once again.

In a summer report on vulnerable retailers, Creditntell cited high inflation, falling demand and “bloated” inventory levels as pressures on margins and profits.

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