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
Luxury consignment platform The RealReal has reported a 10 percent drop in revenue for the fourth quarter of the year. For the three months to 31 December 2020, the San Francisco-based company’s revenue fell to 84.6 million dollars. Its consignment and service revenue fell 16 percent to 69.1 million dollars, while direct revenue increased 38...
Feb 23, 2021
The RealReal has moved to Brooklyn. The luxury consignment retailer has opened its third store in New York City, located in Cobble Hill, a trendy shopping district in Downtown Brooklyn. Taking up 2,500 square feet of retail space at 163 Court Street, the new store offers two Luxury Consignment Offices and both women’s and men’s inventory across...
Jan 26, 2021
US luxury consignment platform The RealReal has reported widening net losses in the third quarter. The San Francisco-based company’s net loss reached 43.3 million dollars in the three months to 30 September, compared to 25.3 million dollars a year earlier. Total revenue decreased four percent to 78.1 million dollars, comprising a 7 percent...
Nov 10, 2020
The RealReal has announced a new collaborative effort with the State of New York to benefit COVID-19 relief workers and build awareness of the importance of wearing face coverings. The luxury consignment retailer has launched the "Mask Up" campaign, along with dozens of New York-based fashion designers. Fashion label Public School has designed a...
Oct 27, 2020
The RealReal has partnered with Gucci for a new initiative promoting a circular fashion economy. The luxury consignment shop will host an online pop-up of pre-worn Gucci items now through the end of the year. The brands will also plant a tree through the nonprofit One Tree Planted for each Gucci item purchased through The RealReal. This will...
Oct 5, 2020
San Francisco-based luxury secondhand platform The RealReal has reported widening losses in its first quarter results as the company feels the impact of Covid-19. For the three months to 31 March, losses widened to 38.3 million dollars compared to 23.2 million dollars in the same period last year. Despite that, the company’s total revenue grew...
May 8, 2020
Secondhand luxury platform The RealReal has announced it is anticipating a first quarter loss and is looking at measures to cut expenses by more than 70 million dollars including cutting or furloughing staff. The San Francisco-based company said it expects its gross merchandise volume (GMV) for the three months to 31 March to grow 15 percent...
Apr 15, 2020
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