The RealReal news and archive

The RealReal reports GMV, revenue growth and profitability surge

The RealReal, online marketplace for resale luxury goods, reported a 9 percent increase in gross merchandise value (GMV), reaching 490 million dollars, and an 11 percent rise in total revenue, totalling 160 million dollars. The company achieved a net income of 62 million dollars, or 39 percent of total revenue, a turnaround from a net loss of 31...

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Business

The RealReal exceeds Q4 outlook but 2025 guidance disappoints investors

The RealReal, an online marketplace for authenticated luxury resale goods, reported better than expected fourth quarter results with GMV of 504 million dollars and total revenue of 164 million dollars increased 12 percent and 14 percent, respectively. The company's adjusted losses per share at 0.01 dollars for the quarter, beat Wall Street’s...

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The RealReal exceeds expectations with strong Q4 and FY24 results

The RealReal, an online marketplace for pre-owned luxury goods, announced strong preliminary fourth-quarter and full-year 2024 results, exceeding its previously issued guidance. Fourth-quarter gross merchandise volume (GMV) reached 503.5 million dollars, surpassing the forecast of 484 million dollars to 500 million dollars. Revenue for the...

Retail

The RealReal opens new store in Miami's Design District

The RealReal, the biggest online marketplace for secondhand luxury goods, has opened a new store in the Design District in Miami, Florida. The second store to open in Florida, the opening marks TheRealReal’s fourteenth physical store across the United States. Featuring a custom concept that reflects the city’s iconic art deco influence and...

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The RealReal welcomes Q3 revenue uptick, losses narrow

Luxury resale marketplace The RealReal has reported a revenue increase of 11 percent for the third quarter of ended September 30, 2024, while the company’s gross merchandise value (GMV) was up 6 percent. During the quarter, consignment revenue rose 14 percent compared to the same period in 2023, while its adjusted EBITDA amounted to 2.3 million...

People

The RealReal appoints new CEO, ups FY24 profit guidance

Luxury resale platform The RealReal has announced the appointment of Rati Sahi Levesque as its new president and chief executive officer, effective immediately. Levesque currently serves as president and chief operating officer at the company, but will now succeed John Koryl, who has departed and no longer serves on The RealReal’s board....

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Fashion

The RealReal Luxury Resale Report 2024: Grassroots, sustainability and bling

Luxury resale marketplace The RealReal released its seventh annual “Luxury Resale Report” on Wednesday, which analyses the shopping and consignment behaviours of the company’s more than 37 million members. It also spotlights the key trends currently shaping demand and resale value for the most sought-after luxury brands and items - dominated by...

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Business

The RealReal welcomes Q2 revenue jump as losses narrow

Luxury resale marketplace The RealReal saw an 11 percent total revenue jump for the second quarter ended June 30, 2024, during which the platform further welcomed a growth of 17 percent in consignment revenue compared to the same period in the previous year. Chief executive of the company, John Koryl, said the uptick came as The RealReal...

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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...

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Business

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...

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Business|Interview

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...

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Business

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...