1. The RealReal will lay off 230 employees, close stores - The Current
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The resale platform has struggled with profitability.
2. United States : The RealReal sells real estate to cover losses - Glitz.paris
May 2, 2024 · The California-based market leader has been struggling since 2020. To help make ends meet, The RealReal has put part of its Los Angeles offices up for sale.
Like many of its competitors in the luxury online consignment sector, the California-based market leader has been struggling since 2020. To help make ends meet, The RealReal has put part of its Los - 5/2/2024
3. The RealReal CFO to step down - Retail Dive
Oct 4, 2023 · The RealReal CFO to step down ... The company also announced it would close stores in San Francisco, Chicago, Atlanta and Austin, Texas.
Still in its quest for profitability, and amid financial struggles, Robert Julian is leaving the position after two years with the company.
4. The RealReal Sharpens Resale Focus but Still Reports Loss
May 11, 2023 · The RealReal reduced its workforce by 7% and closed two flagship stores, two neighborhood stores, and two luxury consignment offices to ...
It was once said, “The RealReal is a total mess and I can’t quit it.” That said, keeping up with the company’s progression has been an engrossing tale to
5. Following deep cost-cutting, the RealReal outlines a path to ... - Glossy
Feb 28, 2023 · In order to get closer to profitability, The RealReal has undertaken taken drastic restructuring measures in recent months – such as closing ...
After months of cost-cutting, The RealReal is starting to inch closer to profitability. But its annual loss was still well into the nine figures, the company reported during its fourth quarter earnings call on Tuesday. After announcing layoffs and store closures, the luxury resale startup outlined the measures it's taking to stop quarterly losses.
6. After founder's exit, The RealReal appoints CEO to lead turnaround
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.
7. In another step toward profitability, The RealReal winds down beauty ...
Mar 24, 2023 · As part of its effort to focus on its consignment business, The RealReal is winding down its beauty sales, a company spokesperson confirmed ...
Under a new CEO, the luxury resale site has been scrutinizing various aspects of its business and slashing expenses.
8. Can The RealReal's aggressive cost-cutting help it reach profitability?
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.
9. Luxury Brands Can't Ignore Fashion Reseller The RealReal Anymore
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 ...
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.
10. The RealReal opens a permanent store in NYC - Circle Visual Inc.
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.
11. The RealReal Announces Layoffs, Store Closures | BoF
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In an effort to cut costs, the luxury resale platform will lay off 230 employees and close four stores this year.
12. The RealReal, Inc. 2020 Form 10-K - ProxyVote.com
The forced temporary closure and restrictions in our. Brisbane, Calif., authentication center had an ongoing negative impact This resulted in a. significant ...
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13. The RealReal - CLOSED - CLOSED, 11700 Domain Blvd, Ste 120 ...
Get more information for The RealReal - CLOSED in Austin, TX. See reviews, map, get the address, and find directions.
