Welcome to our dedicated page for The RealReal news (Ticker: REAL), a resource for investors and traders seeking the latest updates and insights on The RealReal stock.
The RealReal, Inc. (symbol: REAL) is the world's largest online marketplace for authenticated, resale luxury goods. Founded by e-commerce veteran Julie Wainwright, the company offers a premier luxury resale store experience by curating, evaluating, and authenticating high-end designer fashion, fine jewelry, watches, and art. With a portfolio that includes brands such as Chanel, Hermès, Manolo Blahnik, and Cartier, The RealReal ensures every item is genuine, eliminating the uncertainty of purchasing luxury goods online.
The RealReal operates on a consignment model, allowing individuals to sell their luxury possessions with minimal effort. The process involves free virtual appointments, in-home pickups, drop-offs, and direct shipping. The company handles all steps from authentication, pricing, and photographing, to listing, shipping, and customer service. With over 35 million members and a team of hundreds of in-house gemologists, horologists, and brand authenticators, The RealReal inspects thousands of items daily, supporting a circular economy by giving new life to luxury items.
In 2023, The RealReal generated $1.7 billion in gross merchandise volume (GMV). The company continues to refine its business model, focusing on the higher-margin consignment segment. This strategic shift resulted in significant improvements, including a higher take rate, better gross margin rates, and positive Adjusted EBITDA by the end of 2023. The RealReal's strong financial performance has placed it on track to achieve positive Adjusted EBITDA on a full-year basis in 2024.
Recent notable achievements include partnerships with brands like Gucci, Stella McCartney, and Burberry, along with collaborations such as the Manhattan Vintage Show in January 2024. These initiatives highlight The RealReal's commitment to sustainability and expanding the vintage luxury market.
The company also engages in strategic debt exchange transactions to strengthen its financial position, such as the recent exchange that reduced its indebtedness by over $17 million, creating capital structure flexibility for future growth.
The RealReal’s forward-looking strategy includes leveraging advanced technologies like AI and machine learning for optimal pricing, enhancing user experience, and maintaining rigorous authentication standards. The company continuously updates its financial guidance and remains transparent with its investors through regular earnings releases and conference calls.
The RealReal, the largest online marketplace for authenticated luxury goods, is collaborating with Saks Fifth Avenue to launch a unique pop-up shop at Saks Brickell, Miami, starting November 26. This marks a milestone as the first luxury retailer to host a consignment and resale shop within its premises. Offering expert consultations, the pop-up will feature rare watches and unique jewelry. First-time consignors will receive a $100 Saks gift card, promoting sustainable shopping and engaging customers in the circular economy. The event will run until February 28, 2022.
The RealReal (Nasdaq: REAL) reported strong financial results for Q3 2021, with Gross Merchandise Value (GMV) increasing 50% year-over-year to $368 million and Total Revenue rising 53% to $119 million. The company achieved a gross profit per order of $94, up by $4 from the previous year. Despite experiencing elevated shipping costs and staffing issues, The RealReal remains optimistic about future performance, citing a robust operational footing and ongoing investments in automation. Cash and equivalents stood at $445 million as of September 30, 2021.
The RealReal (Nasdaq: REAL) reported a significant October 2021, achieving a gross merchandise value (GMV) of approximately $137 million, which is a 45% increase compared to October 2020 and a 38% rise from October 2019. The average order value (AOV) also grew to around $491, marking a 13% and 7% increase over the same periods. The company aims to enhance transparency on its performance amid the COVID-19 pandemic by disclosing monthly GMV and AOV data through the end of 2021.
The RealReal (Nasdaq: REAL), a leading online marketplace for authenticated resale luxury goods, will announce its third-quarter financial results for the period ending September 30, 2021, on November 8, 2021, after market close. A conference call will be held at 2:00 PM PT (5:00 PM ET) to discuss these results, accessible via phone or live webcast. The RealReal serves over 23 million members and emphasizes sustainability through a rigorous authentication process, providing a reliable platform for buying and selling luxury items.
The RealReal (Nasdaq: REAL) reported a strong business update for September 2021, with Gross Merchandise Volume (GMV) of approximately $127.3 million, marking a 44% year-over-year increase. The Average Order Value (AOV) rose by 9% to roughly $481. For Q3 2021, GMV reached about $367.9 million, reflecting a 50% year-over-year growth. This performance indicates a recovery from the impacts of COVID-19 and positions the company favorably for the fall and holiday seasons. The RealReal plans to continue disclosing monthly GMV and AOV through 2021 to enhance transparency.
The RealReal has launched a national expansion of its Get Paid Now program and introduced the Circular ReSource Lab to address fashion waste. The brand celebrates National Consignment Day by enhancing luxury consignment options, such as adding categories like sports gear and electronics. They are partnering with Mytheresa to increase customer engagement in the resale market. The Circular ReSource Lab aims to create sustainable solutions focusing on reimagining, reviving, and reselling items, with an upcoming zero-waste collection to be released this holiday season.
The RealReal (Nasdaq: REAL) appoints Robert Julian as Chief Financial Officer, effective October 1, 2021. Julian, with extensive public company experience, previously served as CFO at Sportsman’s Warehouse, among others. His track record includes driving net sales from $800 million to $1.5 billion. Under his leadership, The RealReal achieved record gross merchandise volume (GMV) of $350 million in Q2. Julian expressed enthusiasm about contributing to the company's profitable growth and sustainability initiatives in the resale luxury market.
The RealReal (NASDAQ: REAL) released its 2021 Luxury Shopper Insights Study, revealing significant shifts in luxury buying behavior. Luxury resale growth is outpacing the primary market, with a 14-point increase in brand awareness since 2019. Men represent a key demographic, being three times more likely to exclusively buy luxury. Additionally, 48% of luxury shoppers plan to purchase luxury resale in the next two years. The company emphasizes sustainability, noting a 13% increase in shoppers citing it as a buying factor. The study indicates ongoing opportunities for market expansion despite current challenges.
The RealReal (Nasdaq: REAL) reported a significant business update for August 2021, with Gross Merchandise Volume (GMV) reaching approximately $124 million, marking a 50% year-over-year increase. This figure also reflects a 41% increase compared to August 2019. The Average Order Value (AOV) was approximately $477, up 6% year-over-year. Analysts anticipate Q3 GMV will range from $365 million to $368 million, indicating 49% to 50% growth year-over-year. The company plans to continue providing monthly GMV and AOV updates through 2021 to enhance transparency amid ongoing market changes.
SAN FRANCISCO, Aug. 31, 2021 — The RealReal (Nasdaq: REAL), the largest online marketplace for authenticated resale luxury goods, announced participation in a fireside chat at the Raymond James 2021 Consumer Conference on Sept. 14. Julie Wainwright, founder and CEO, alongside Matt Gustke, CFO, will represent the company. This presentation will be available via webcast on The RealReal’s investor relations website and can be replayed for a limited time post-event.
With over 23 million members, The RealReal emphasizes sustainability and a rigorous authentication process for luxury goods.
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