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The RealReal (REAL) operates a leading online marketplace for authenticated luxury resale goods, combining expert verification with sustainable commerce practices. This news hub provides investors, analysts, and industry professionals with timely updates on corporate developments shaping the premium secondhand market.
Access official press releases, financial reports, and strategic announcements covering key areas including earnings results, partnership expansions, and sustainability initiatives. Our curated news collection enables efficient tracking of market positioning, operational milestones, and leadership in the luxury resale sector.
All content undergoes rigorous editorial review to ensure accuracy and relevance while maintaining compliance with financial disclosure standards. Bookmark this page for direct access to verified information supporting informed analysis of The RealReal's performance within the evolving circular economy landscape.
The RealReal, the world's largest online marketplace for authenticated, resale luxury goods, has released its seventh annual 2024 Luxury Resale Report. The report analyzes data from 37 million members, revealing key trends in luxury resale. Investment-worthy pieces like high-value fine jewelry and timeless handbags dominated, alongside trends influenced by TikTok and nostalgic TV shows.
Key findings include:
- Top 10 most searched brands focus on universality
- Fine jewelry saw the biggest growth, with sales up 22% YoY for pieces $5,000+
- Handbags priced $1,000-3,000 experienced a 13% YoY buyer growth
- Vintage brands went mainstream, with searches for Issey Miyake up 100% YoY
- Street style shifted towards business attire, with suiting sales up 25%
- 'New Americana' trend emerging, combining boho and utilitarian styles
The RealReal introduced a new 'As Is' condition category to meet customer demand for value-driven shopping.
The RealReal (REAL) reported Q2 2024 financial results, showing significant improvements:
- Revenue increased 11% year-over-year to $145 million
- Net loss improved by $25 million to $(17) million
- Adjusted EBITDA improved by $21 million to $(1.8) million
Key highlights include:
- GMV grew 4% to $441 million
- Gross profit increased by $21 million
- Gross margin improved by over 800 basis points to 74.1%
- Active buyers increased 9% to 381,000
- Orders grew 4% to 820,000
CEO John Koryl emphasized the company's progress, focus on operational excellence, and potential to benefit from AI advancements in the luxury resale market.
The RealReal (Nasdaq: REAL), a leading online marketplace for authenticated, resale luxury goods, has scheduled the release of its financial results for the second quarter of 2024. The report will be available after market close on August 6, 2024. Following the release, a conference call for investors and analysts will be held at 2:00 p.m. PT / 5:00 p.m. ET. Participants can access the call through the provided registration link or via a live webcast on The RealReal’s investor relations website. An archived version of the webcast will be available shortly after the call.
The RealReal, the largest online marketplace for authenticated resale luxury goods, unveiled a thought-provoking installation at 301 Canal Street featuring counterfeit handbags. This initiative, in collaboration with Mythology, aims to spark conversations about the authenticity crisis. The display includes 35 fake luxury bags confiscated during their authentication process. The installation, running through early September, features events promoting authenticity and ethical practices. The RealReal has authenticated over 39.2 million items since 2011 and intercepts approximately 5,000 counterfeit items monthly. They utilize advanced technologies, including AI and machine learning, to enhance their multi-point authentication process.
The RealReal, Inc. granted equity awards to its new Chief Financial Officer, Ajay Gopal, consisting of 700,000 time-based restricted stock units and 550,000 performance-based restricted stock units. These awards were approved by the Board of Directors as a material inducement to Gopal's employment, in accordance with Nasdaq Listing Rule 5635(c)(4).
The RealReal reported its first quarter 2024 financial results, showing positive growth in gross merchandise value (2% increase YoY), consignment revenue (13% increase YoY), and an improved net loss of $51 million YoY. The company also reported an adjusted EBITDA loss of $2.3 million, an improvement of $25 million YoY. The CEO highlighted a focus on core consignment business and driving efficiencies to deliver results, resulting in overall top-line growth and record gross margin rate.
