Welcome to our dedicated page for Therealreal news (Ticker: REAL), a resource for investors and traders seeking the latest updates and insights on Therealreal stock.
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 (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.
The RealReal (Nasdaq: REAL) has released its 2021 Luxury Resale Report, highlighting the surge in luxury resale amidst changing consumer habits. Over the past year, 29% of buyers made their first pre-owned luxury purchase, and 45% of new consignors were first-time sellers. Notable trends include a 62% increase in Gucci transactions and a staggering 590% rise in demand for Telfar. Gen Z shoppers showed remarkable growth, with their participation up 33% in buyers and 86% in consignors, indicating a shift toward sustainable luxury investments.
The RealReal (Nasdaq: REAL) reported strong Q2 results with a 91% year-over-year growth in GMV, reaching $350 million. Total revenue increased by 83% to $104.9 million. Gross profit per order improved to $94, up $9 from the previous quarter. The company achieved record numbers of new consignors and active buyers, with 730K active buyers and 673K orders. Despite a net loss of ($70.7 million), cash reserves stood at $491.6 million. The opening of new retail stores and an Arizona authentication center support further growth prospects.
The RealReal (Nasdaq: REAL) reports July 2021 Gross Merchandise Volume (GMV) of approximately $116.6 million, marking a 56% increase year-over-year and 53% over July 2019. Average Order Value (AOV) for July was about $502, rising 13% year-over-year and 16% compared to 2019. The company is committed to sharing monthly GMV and AOV data through 2021 to enhance transparency on the COVID-19 pandemic's impact. The RealReal is set to release its second-quarter financial results on August 9, 2021.
The RealReal (Nasdaq: REAL) will announce its financial results for Q2 2021 on August 9, 2021, following the market close. A conference call will be held at 2:00 PM PT to discuss the results, accessible via phone and live webcast. The company is a leader in the authenticated resale luxury goods market, boasting over 20 million members and a rigorous authentication process. The RealReal emphasizes sustainability by prolonging the lifecycle of luxury items and facilitates effortless selling through various services.
The RealReal (Nasdaq: REAL) reports substantial growth in Q2 2021, achieving approximately $350 million in Gross Merchandise Value (GMV)—a 91% increase year-over-year and 53% compared to Q2 2019. Average Order Value (AOV) reached $520, marking a 25% year-over-year rise. The company previously forecasted GMV between $320 million and $330 million. To enhance transparency regarding COVID-19 impacts, The RealReal plans to provide monthly GMV and AOV updates through 2021, with official financial results expected in early August.
The RealReal (Nasdaq: REAL) reported a strong business update, highlighting a 106% year-over-year increase in gross merchandise volume (GMV) to approximately $239 million for the period ending May 31, 2021. This performance also marks a 53% rise compared to 2019. The average order value (AOV) reached around $520, up 26% year-over-year and 13% compared to 2019. The company is focusing on scalability and operating efficiency while responding to evolving consumer behaviors shaped by COVID-19. It plans to provide monthly GMV and AOV disclosures through 2021 for increased transparency.
Recurate, Inc. announced the hiring of Karin Dillie as Vice President of Partnerships to enhance brand collaborations in the resale market. Dillie previously generated $100 million in revenue at The Real Real. She emphasizes the necessity for fashion brands to develop owned resale channels to avoid losing market share. Recurate plans to leverage NFTs and AI technologies in 2021 to improve product authenticity and marketing, aiming to tap into the $5 trillion circular economy.
