The Realreal Temporary Closure (2024)

1. Weekend Briefing: The RealReal lays off hundreds, closes stores to reach ...

Feb 19, 2023 · The RealReal is laying off 230 employees; closing four stores, including two flagships, as well as two consignment drop-off spaces; and ...
Last week, The RealReal announced major layoffs and store closures in order to shore up profitability. Plus, Kering announced a new head of brand safety role, and Etsy was accused of being a haven for counterfeiters.

Mar 24, 2023 · The luxury resale site may be at risk of bankruptcy, although its loss narrowed in its most recent quarter. Under newly arrived CEO John Koryl, ...
Under a new CEO, the luxury resale site has been scrutinizing various aspects of its business and slashing expenses.

Jan 26, 2023 · 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 ...
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.

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.

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Still in its quest for profitability, and amid financial struggles, Robert Julian is leaving the position after two years with the company.

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 ...
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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.

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.

The company said it planned to put the new funding towards creating retail concepts, as well as expanding its 7 consignment offices in Chicago, Dallas, Los ...
The luxury consignment company opens its first ever permanent retail and consignment space, offering women's and men's fashion and accessories, as well as workshops and sessions for consignors.

Oct 26, 2022 · The RealReal remains without a permanent CEO. See why I suspect the ... With The Luxury Resale Market Heating Up, The RealReal Could Be Close To A ...
The RealReal remains without a permanent CEO. See why I suspect the Board might be more open to M&A discussions and that REAL could be an acquisition candidate.

Mar 29, 2023 · “Closing the stores was purely a financial decision,” Julian maintained. “We looked at the P&L of each store and shut down the least profitable.
The RealReal has just brought in a new CEO with the initial mandate to reach profitability. Over the past eight months, interim co-ceos started the process with results starting to show.

Mar 25, 2021 · “This is a really exciting moment for The RealReal to expand our efforts and take a stake [in] the unusable materials that are from luxury ...
ReCollection is a new programme that works with designers like Balenciaga to create new collections from scraps.