Exchange Christine V. Lao Every morning, before rolling up the security grill, Eloisa Henares, a woman of substantial heft but otherwise fairly attractive, lights a couple of joss sticks and jams them into an ash-filled bowl by the cashier’s counter. As the first wisps of fine smoke curl upward, she closes her eyes, and waits until the scent of faux sandalwood rises above the stale, musty-sour odor of decay and the lingering smell of mothballs. Though every item has been washed, sanitized, and ironed—Eloy makes sure of this, she is a professional—pre-loved garments can never smell new. Most patrons can’t even tell that Eloy’s stocks are pre-loved: holes have been patched; ripped seams mended; missing buttons replaced. Occasionally, a canny customer brings a sleeve to her nose, smells

