Is resale losing its appeal as consumers cut back on spending?

Despite being in operation for 12 years, The RealReal has yet to achieve profitability. However, other brands and retailers have observed the popularity of resale and are embracing it. This leads to the question of whether the efforts put into resale initiatives are truly worthwhile.  
While consumers express a desire for sustainable and cost-effective shopping options, challenges such as the overcrowded resale space, inflation and the resumption of student loan payments, all pose obstacles to growth of resale. Moreover, resale endeavors often demand higher overhead costs while yielding limited returns.