The RealReal news and archive

The RealReal hosts installation in New York City to spotlight counterfeiting

Online resale marketplace The RealReal is hosting an installation of fake handbags at 301 Canal Street, New York City, to draw attention to counterfeiting. The installation opening is timed with the city’s peak tourism season and will run from now until the end of September. The installation, created in collaboration with Mythology, is designed...

Report

The RealReal losses narrow but revenue continues to fall

Resale luxury marketplace The RealReal reported its fourth quarter and full year results amid an ongoing cost-saving strategy that is currently being carried out by the platform. For the fourth quarter of 2023, the company’s net loss fell from its prior 39 million dollars to 22 million dollars, or 15.1 percent of total revenue, while it also saw...

Report

The RealReal appoints new CFO and chairperson

Resale marketplace The RealReal has announced the appointment of Ajay Gopal as its chief financial officer, effective March 18, while current board member Karen Katz has further been named chairperson of its board of directors. Gopal currently serves as the CFO of Outside Interactive, and brings to the table experience in overseeing tech-enable...

Fairs

Manhattan Vintage announces new partnership with The RealReal

The Manhattan Vintage Show, one of New York's largest expos dedicated to vintage resale, has announced a new partnership with TheRealReal, the biggest online marketplace for authentic, luxury resale goods. The announcement comes ahead of the expo's upcoming Winter Show next month, where at least 20 new dealers are set to attend. Led by Amy...

Business |Interview Featured

Sellier founder on resale’s rising detachment from fast fashion

Last week, Vestiaire Collective took its stance on fast fashion one step further. The Parisian resale platform extended its ban on clothing from the category to now cover over 30 brands, with the likes of Zara, H&M, Urban Outfitters and Gap among those newly blacklisted. The move followed a similar ban initiated by the company in 2022, and built...

Report

The RealReal reports decline in Q3 GMV and revenue

Online luxury marketplace The RealReal reported third quarter gross merchandise value (GMV) of 408 million dollars and total revenue of 133 million dollars decreased 8 percent and 7 percent, respectively. During the quarter, the company’s consignment revenue grew 10 percent and direct revenue was 49 percent lower compared to the same period in...

Business

The RealReal’s CFO to step down

Luxury resale platform The RealReal has announced that its chief financial officer, Robert Julian, will be stepping down from the role from either January 31, 2024, or when his successor assumes the position. If a new CFO is named ahead of January 31, Julian will continue to serve in an executive advisory position to the company through to that...

Report

The RealReal’s CFO to step down

BusinessFeatured

The RealReal to wind down beauty business amid streamlining efforts

The RealReal is winding down its beauty business to focus on its luxury consignment business amid an ongoing streamlining at the US resale giant. “We’re prioritizing our efforts on growing our luxury consignment business,” a spokesperson told WWD. “With that, we have been deemphasizing the direct side of our business, including our beauty...

Business

The RealReal to cut 7 percent of workforce

Luxury resale platform The RealReal is set to cut 7 percent of its staff in a bid to slash costs across the business. The move will impact around 230 employees at the company, a filing with the Securities and Exchange Commission stated. It comes as a U-turn to the firm’s previous strategy of bulking up its staff, a move it initiated last year in...

Management

The RealReal names John Koryl CEO

Resale marketplace The RealReal has announced that John Koryl will be joining the company as chief executive officer and a member of its board of directors, effective February 6, 2023. Koryl will succeed the company’s current co-interim CEOs, Rati Sahi Levesque and Robert Julian, who will remain at The RealReal as president and chief operating...

Business

Vintage luxury and trendy designs lead the way at The RealReal

Resale marketplace The RealReal unveiled its latest Luxury Consignment Report for 2023, in which it has outlined its analysis for the state of resale over the last six months. Much of the report was dictated by the shifts in shopping behaviours due to macroeconomic uncertainty, demand for sustainability and generational differences. Speaking on...