Luxury resale platform The RealReal has called on the US congress to consider circularity in its mission of tackling the climate crisis. The platform hosted a Congressional briefing, entitled ‘Fashion and the Environment – How to Achieve a Circular Future’, through which it directed speeches towards House and Senate staff. In his opening...
Aug 5, 2022
Image: ThredUp A group focused on advancing sustainable textile policies has been launched in the US, founded by 11 big names from the circular fashion industry. The American Circular Textiles (ACT) policy group, which was spearheaded by the Circular Services Group (CSG) and Resource Recycling Systems (RRS), is aiming to bring together fashion’s...
Jun 10, 2022
Luxury resale platform The RealReal has announced its founder Julie Wainwright has decided to step down from her role as CEO and chair after 11 years at the company’s helm. She said in a statement: “I am deeply proud of the company we have built and am honored to have worked with a team that champions our founding vision of creating a more...
Jun 8, 2022
Luxury consignment marketplace The RealReal has revealed the third edition of its in-house upcycled collection, ReCollection 03. The new line, which draws influence from the current nostalgia-based Y2K trend, utilises designer pieces that can no longer be worn in the condition they are in, repurposing them to create 80 one-of-a-kind garments. To...
Mar 28, 2022
Online resale platform The RealReal has said they aren’t expecting to hit profitability until 2024. The company recently reported fourth-quarter earnings on February 24. The RealReal’s net loss increased to 236 million dollars from 176 million dollars in 2020. The company did see some improvements in EBITDA, and gross merchandise value increased...
Feb 25, 2022
Resale marketplace The RealReal has released its newest Luxury Consignment Report for 2022, unveiling a number of emerging trends and behaviours among resale customers and the market itself. The report, which utilises data from the platform’s 24 million members, displays evidence of growing resale opportunities among every generation, as more...
Jan 13, 2022
Luxury resale platform The RealReal saw a jump in gross merchandise value (GMV) last month. The San Francisco-based company's GMV in November came in at approximately 146 million dollars, up 51 percent compared to the same month last year and up 46 percent compared to two years ago, prior to the pandemic. During the four-day period between Black...
Dec 3, 2021
Online luxury marketplace The RealReal has launched an upcycled collection in collaboration with Circular ReSource Lab, dubbed the ReCollection 02. The 64 piece line features one-of-a-kind women’s ready-to-wear and accessories upcycled from luxury items as part of its ongoing ReCollection programme, created to put damaged garments back into...
Nov 25, 2021
Resale marketplace The RealReal has revealed it will be opening a pop-up in collaboration with Saks Fifth Avenue in Miami, Florida, on November 26. The Saks x The RealReal Pop-Up at Saks Brickell will bring the consignment office and resale concept to the luxury retailer, allowing shoppers one-on-one access to The RealReal’s complimentary...
Nov 22, 2021
Luxury consignment platform The RealReal has reported widening losses in the second quarter of the year despite strong sales ahead of 2019 levels. For the three months to June 30, the San Francisco-based company reported a net loss of 70.72 million dollars compared to a loss of 42.99 million dollars a year earlier. That included a charge of...
Aug 10, 2021
The RealReal has always been devoted to giving new life to secondhand luxury fashion, and now the resale retailer has expanded on its mission. The company has teamed with eight luxury brands to launch a collaborative upcycled collection, transforming distressed or damaged clothing into new, one-of-a-kind luxury pieces. Called ReCollection, The...
Apr 2, 2021
The importance of brick-and-mortar retail is often questioned amid the rise of e-commerce. Consumers have increasingly favored the ease and convenience that comes with digital retail for several years, and as the pandemic forced almost all retailers to turn towards a digital-only approach for several months of 2020, the future of in-person...
Mar 17, 2021
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