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. operates an online marketplace for authenticated resale luxury goods, connecting consignors and buyers through a full-service consignment model. Company news commonly covers gross merchandise value, revenue, consignment and direct revenue trends, Adjusted EBITDA, operating cash flow, and active buyer activity across its luxury resale platform.
Updates also address The RealReal's authentication process, proprietary technology for pricing and processing, service options such as virtual appointments, in-home pickup, drop-off and direct shipping, and categories including fashion, fine jewelry, watches, art and home. Additional recurring developments include retail location activity, brand and content initiatives, investor conference participation, and board or executive leadership changes.
The RealReal (Nasdaq: REAL) has announced details for its Investor Day webcast scheduled for March 22, 2022, at 10:00 a.m. Pacific Time. The event will feature presentations from the executive team and a Q&A session, lasting approximately two hours and forty-five minutes. Interested parties can register for the live webcast at investorday.therealreal.com. Following the event, materials will be available on the company’s Investor Relations webpage, and a replay of the webcast will also be accessible.
The RealReal (Nasdaq: REAL) reported significant financial growth for Q4 and FY 2021. Gross Merchandise Value (GMV) surged 45% to $437 million in Q4 and 50% to $1.48 billion for the full year. Total revenue rose 67% to $145 million in Q4 and 56% to $468 million for FY 2021. However, the company recorded a net loss of $52 million in Q4 and $236 million for the year, which is an increase from 2020. Adjusted EBITDA also showed improvement, narrowing losses significantly. The company anticipates positive Adjusted EBITDA by full-year 2024 and plans to provide further financial insights at its upcoming Investor Day.
The RealReal (Nasdaq: REAL) will announce its financial results for Q4 and full year 2021 on Feb. 23 after market close. The company, a leading online marketplace for authenticated luxury goods, will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Investors can participate by calling (866) 996-5385 in the U.S. or (270) 215-9574 internationally, using passcode 6255296. The call will be accessible via live webcast, with an archived version available shortly thereafter.
The RealReal (Nasdaq: REAL) announced an upcoming Investor Day on March 22, 2022, at its authentication center in Phoenix. This event will feature presentations from the executive team, a Q&A session, and a tour of the facility, helping attendees understand the rigorous authentication process. Due to space limitations, registration is required for in-person attendance. A live webcast of the presentations will be available on the Investor Relations webpage. The RealReal is a leader in the resale luxury market, boasting over 24 million members and a robust authentication process.
The RealReal (Nasdaq: REAL) released its 2022 Luxury Consignment Report, showcasing a significant shift in consumer behavior towards sustainability and away from fast fashion. The report indicates that 40% of customers are replacing fast fashion with resale, while 43% prioritize sustainability. Highlights include Gucci being the top brand among first-time consignors, a 23% rise in Tiffany's average sale price, and a 32% YoY increase in resale value for high-value Nike sneakers. The data reflects trends from over 24 million members and 22 million sold items.
The RealReal (Nasdaq: REAL) reported a strong business update for December 2021, with gross merchandise value (GMV) reaching approximately $153 million, reflecting a 40% increase compared to December 2020 and 49% compared to December 2019. The average order value (AOV) also rose to around $518, up 10% year-over-year. Fastest growing categories included watches, women’s shoes, and women’s apparel. The company plans to revert to quarterly updates in 2022, discontinuing monthly disclosures regarding GMV and AOV.
The RealReal (Nasdaq: REAL) announced a proposed settlement for a derivative action in the United States District Court for the District of Delaware. The settlement aims to resolve claims against certain directors and officers, focusing on corporate governance reforms. The agreement includes a $500,000 payment to Plaintiffs' Counsel for fees and expenses. A court hearing is scheduled for February 10, 2022, to consider the fairness of the settlement. Current shareholders as of November 5, 2021, need not take action unless they wish to object.
The RealReal (Nasdaq: REAL) reported a strong business update for November 2021, revealing a gross merchandise value (GMV) of approximately $146 million, a 51% increase year-over-year. Notably, Black Friday 2021 marked their largest single day of GMV ever. The average order value (AOV) rose to around $514, reflecting a 17% increase from 2020. The company's transparency in sharing monthly GMV and AOV aims to better convey the impacts of the COVID-19 pandemic on its business performance. The RealReal will continue this disclosure trend through 2021.
The RealReal (Nasdaq: REAL) launched ReCollection 02, its upcycling program from the new Circular ReSource Lab, aimed at tackling fashion waste. This collection features over 60 unique pieces of women’s clothing and accessories, created from damaged luxury items sourced from brands like Prada and Gucci. The initiative supports the goal of reducing landfill waste, aligning with climate targets set by the Paris Climate Accord. Prices range from $200 to $680, and items are exclusively available online and at their New York store.
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.