The Realreal Temporary Closure (2024)

FAQs

Is The RealReal struggling? ›

While it reported a net loss of $168 million for the year on revenues of $549 million and $1.7 gross merchandise value, the loss gap narrowed from $196 million last year, so the company is finally moving in the right direction.

On June 28, 2019, The RealReal went public on Nasdaq under the symbol REAL and raised $300 million during its IPO. On June 22, 2022, The RealReal announced that its founder and CEO Julie Wainwright had stepped down. The company appointed President and COO Rati Sahi Levesque and its CFO Robert Julian as interim co-CEOs.

(iii) If an Accepted Item has not been Sold by the end of the Consignment Period, We will contact You and, at Your option and Our expense: (A) return the Accepted Item to You, in accordance with the terms of the Return Policy, or (B) re-purpose or donate the item to a charity of Our choice.

RealReal, a platform for luxury resale, said in an SEC filing that it fired 230 workers and shut down four locations last year in an effort to cut costs. This amounted to 7% of its personnel being laid off.

Collaborations with respected brands demonstrate a dedication to minimizing waste and embracing circular fashion principles. Partnerships with Sustainable Brands: The RealReal has forged partnerships with renowned designers known for their commitment to ethical and sustainable practices.

“In the fourth quarter of 2023, The RealReal delivered positive Adjusted EBITDA and positive free cash flow. These are historic milestones and firsts for the company since our IPO in 2019. Our strategic shift to re-focus on the consignment business is delivering strong progress in our results.

In November of 2018, Chanel filed a suit against The RealReal in the Southern District of New York alleging trademark infringement, counterfeiting, false endorsem*nt, false advertising, and unfair competition under the Lanham Act.

To return eligible items, you must request a return within 14 days of in-store purchase or original shipment date, and return the item(s) within 21 days of in-store purchase or original shipment date. Items received after 21 days may be eligible for consignment (excluding beauty).

RealReal has a consensus rating of Moderate Buy which is based on 2 buy ratings, 3 hold ratings and 0 sell ratings. What is RealReal's price target? The average price target for RealReal is $3.73. This is based on 5 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

We handle everything from expert authentication, copy writing, and photography. Thanks to 25+ million shoppers items sell faster on The RealReal. Earn up to 85% of the sales price. That's 3 times more than other resellers.

Does The RealReal pay you upfront? ›

When you trade your items, you will receive payment upfront (within two weeks) in the form of The RealReal site credit. When you sell your items, you will receive payment upfront (within two weeks) by direct deposit.

About The RealReal

The RealReal is the world's largest online marketplace for authenticated, resale luxury goods, with more than 36 million members. With a rigorous authentication process overseen by experts, The RealReal provides a safe and reliable platform for consumers to buy and sell their luxury items.

At our 19 retail locations, including our 16 shoppable stores, customers can sell, meet with our experts and receive free valuations.

It will close flagship stores in San Francisco and Chicago, as well as two neighborhood stores in Atlanta and Austin. Luxury consignment offices will close in Miami and D.C. The company will also exit co-located logistics hubs, and reduce its footprint at offices in New York and San Francisco.

Now the home serves as a venue rental hotspot for family gatherings and film crews alike. While the mansion is not a perfect copy of the actual White House, the Atlanta White House does have a number of replica living spaces, including the Oval Office and Lincoln bedroom.

Shares of RealReal on Tuesday dropped after the company cut its outlook for the year and guided for lower-than-expected revenue and gross merchandise volume in the third quarter.