The Realreal Temporary Closure (2024)

1. The RealReal Announces Layoffs, Store Closures | BoF

Feb 16, 2023 · In an effort to cut costs, the luxury resale platform will lay off 230 employees and close four stores this year.
In an effort to cut costs, the luxury resale platform will lay off 230 employees and close four stores this year.

Mar 24, 2023 · The luxury resale site may be at risk of bankruptcy, although its loss narrowed in its most recent quarter. Under newly arrived CEO John Koryl, ...
Under a new CEO, the luxury resale site has been scrutinizing various aspects of its business and slashing expenses.

Oct 4, 2023 · Online luxury resale marketplace The RealReal announced last week its chief financial officer, Robert Julian, will step down from the position ...
Still in its quest for profitability, and amid financial struggles, Robert Julian is leaving the position after two years with the company.

Feb 22, 2023 · A rep from The RealReal said the recent layoffs and store closures are meant to help bring the company closer to profitability but declined to ...
Resale company The RealReal has been in a rough spot. Last July, it announced an accelerate plan to reach profitability — which it has yet to achieve in its 12 years of existence, including in the four years since going public. Last week, in a cost-cutting effort, the company announced plans to cut 230 jobs, close four stores including two flagships and reduce its office space.
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Jan 26, 2023 · Wainwright's departure came a few months after The RealReal — which went public in 2019 — revealed that its losses had widened to $236 million ...
The resale platform has found a new CEO, seven months after founder Julie Wainwright left the role. The focus now is on making its business model profitable.

Mar 15, 2020 · We are committed to adapting our business to align with the latest recommendations from public health agencies. In light of current guidance on ...
Limits brick-and-mortar access to help prevent the spread of COVID-19...

Mar 14, 2024 · The RealReal has kept some disillusioned buyers and sellers in its orbit because it's one of the few luxury resale platforms operating under the ...
The fashion resale company finally became profitable last year, but it was at the cost of losing consignors who complain that reselling is no longer as lucrative as it once was on the platform.

Aug 23, 2018 · One store is located in New York City's SoHo neighborhood and another just opened on Los Angeles' Melrose Avenue close to the Nordstrom Local ...
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Long dismissed as an upstart of little consequence by the luxury establishment, The RealReal is proving it is on to something big. Gently used luxury fashion is a real trend and The RealReal has discovered the secret sauce.

Jul 19, 2023 · Luxury resale company The RealReal, which went public in June 2019, is nearing profitability. “Next year, we will be profitable on a full-year ...
Luxury resale company The RealReal, which went public in June 2019, is nearing profitability. “Next year, we will be profitable on a full-year basis,” Rati Sahi Levesque, the company’s president and chief operating officer, said on the latest episode of the Glossy Podcast.

Apr 15, 2020 · Beyond closing its stores and at least one of its warehouses, The RealReal said that it is cutting 10 percent of its staff, furloughing 15 ...
How does a luxury resale entity – one that depends on consumers to not only purchase its wares but also to consign them in the first place – fare in light

Posted 11:42:48 AM. The RealReal is the world's largest online marketplace for authenticated, resale luxury goods…See this and similar jobs on LinkedIn.
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Mar 29, 2023 · “Closing the stores was purely a financial decision,” Julian maintained. “We looked at the P&L of each store and shut down the least profitable.
The RealReal has just brought in a new CEO with the initial mandate to reach profitability. Over the past eight months, interim co-ceos started the process with results starting to show.

Nov 17, 2017 · Opening in New York on Friday (November 10th), the shop will feature over 400 new pieces every day, as well as valuation services, drinks and ...
The RealReal opens a permanent store in NYC and Circe Visual was on point to create custom displays for their jewelry and accessories. Check out the new store in Soho.

Oct 26, 2022 · The RealReal remains without a permanent CEO. See why I suspect the Board might be more open to M&A discussions and that REAL could be an ...
The RealReal remains without a permanent CEO. See why I suspect the Board might be more open to M&A discussions and that REAL could be an acquisition candidate.