The Realreal Temporary Closure (2024)

1. The RealReal Mens Store is Closed…but it's Only Temporary

  • 14 jan 2024 · The RealReal Mens Store, located at 8500 Melrose Ave, in West Hollywood, is currently closed, but it's only temporary.

  • The RealReal Mens Store, at 8500 Melrose Ave, in West Hollywood, is currently closed, but it's only temporary. The men's section is closed for construction.

2. United States : The RealReal sells real estate to cover losses - Glitz.paris

  • 2 mei 2024 · Documents filed then with the Securities and Exchange Commission (SEC) only mentioned closing boutiques in San Francisco, Chicago, Austin ...

  • 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's Turnaround Plan And The Future Of Resale - Forbes

4. What The RealReal's store closures say about the future of luxury resale

  • Bevat niet: temporary | Resultaten tonen met:temporary

  • Luxury fashion reseller The RealReal recently announced it was closing some of its stores and cutting about 7 per cent of its staff. We asked industry experts what it means for the future of fashion resale.

5. Can The RealReal's aggressive cost-cutting help it reach profitability?

  • Bevat niet: temporary | Resultaten tonen met:temporary

  • 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.

6. The RealReal will lay off 230 employees, close stores - The Current

7. The RealReal Logs Quarterly Losses of More Than $43 Million - Yahoo

  • 9 nov 2020 · The San Francisco-based luxury consignment shop revealed quarterly earnings Monday after the market closed, falling short on top-line revenues ...

  • Company shares fell more than 10 percent in after-hours trading as a result.

8. THE REALREAL TEMPORARILY MAKES STORES AND LUXURY

  • 15 mrt 2020 · We are committed to adapting our business to align with the latest recommendations from public health agencies. In light of current guidance on ...

  • Limits brick-and-mortar access to help prevent the spread of COVID-19...

9. The RealReal founder and CEO abruptly resigns - Retail Dive

  • 7 jun 2022 · Without much warning, the CEO of luxury consignment retailer The RealReal is out. Documents regarding her June 7 departure ...

  • Julie Wainwright is out as chief executive and board chair, allowing the company to focus more on profitability, according to analysts.

10. The RealReal expects 15% rise in Q1 GMV, announces job cuts and ...

  • Having already temporarily closed its stores and consignment offices and suspended in-person consignment appointments due to the pandemic, the company ...

  • The online marketplace announced its preliminary Q1 results on Tuesday, reporting an expected rise of 15% in GMV and revealing measures being implemented to deal with the effects of the ongoing Covid-19 crisis.

11. Latsko Lands The RealReal in Return to Gold Coast - The Real Deal

  • 22 dec 2023 · Earlier this year, the company announced the Magnificent Mile location would close, along with five other stores and offices including an 8,000- ...

  • The publicly traded luxury consignment store closed a bigger store at 940 North Michigan Avenue and is now taking 2,250 square feet at 66 East Walton Street.

The Realreal Temporary Closure (2024)

FAQs

What happens if my item doesn't sell on RealReal? ›

(iii) If an Accepted Item has not been Sold by the end of the Consignment Period, We will contact You and, at Your option and Our expense: (A) return the Accepted Item to You, in accordance with the terms of the Return Policy, or (B) re-purpose or donate the item to a charity of Our choice.

How long can you hold on real real? ›

We allow you to hold items in your cart for 20 minutes so you can consider your purchase and continue shopping. We aim to allow all shoppers the chance to buy their favorite items, and because there is only one of each item on The RealReal, we cannot allow items to be held indefinitely.

Will The RealReal text you? ›

We and Our service providers may use automated or manual means to deliver text messages to You if you have a U.S. phone number.

How does The RealReal verify authenticity? ›

We employ over one hundred experts and brand authenticators, including gemologists and horologists, who inspect thousands of items each day; they know the way a brand tag should feel, how the leather should smell, the difference in the brands' shades of colors, the use of monograms and more.

What is happening with RealReal? ›

Secondhand luxury marketplace The RealReal (NASDAQ: REAL) announced better-than-expected results in Q2 CY2024, with revenue up 10.8% year on year to $144.9 million. On the other hand, next quarter's revenue guidance of $138.5 million was less impressive, coming in 3.6% below analysts' estimates.

Is The RealReal returnable? ›

To return eligible items, you must request a return within 14 days of in-store purchase or original shipment date, and return the item(s) within 21 days of in-store purchase or original shipment date. Items received after 21 days may be eligible for consignment (excluding beauty).

Who owns the real real? ›

The RealReal was founded in 2011 by Julie Wainwright, an e-commerce entrepreneur.

Does the RealReal pay you immediately? ›

With Get Paid Now, you can sell select watches and get paid upfront, without waiting for your items to sell. You can choose payment in cash or site credit.

Can you hold an item on the real real? ›

Items in your bag are placed on hold for twenty minutes, meaning no one else can snap them up. Rest easy in knowing that you've infuriated your sartorial doppelgängers, but don't rest so easy that you take your eyes off the prize.

What if The RealReal package is lost? ›

If your items are lost during shipment to us, please contact us at consignorrelations@therealreal.com so we can look into your shipment.

Is The RealReal ethical? ›

Collaborations with respected brands demonstrate a dedication to minimizing waste and embracing circular fashion principles. Partnerships with Sustainable Brands: The RealReal has forged partnerships with renowned designers known for their commitment to ethical and sustainable practices.

Can I ask questions on The RealReal? ›

For general inquiries or questions, please reach out to client services by texting RealHelp to 50347 or emailing us at contact@therealreal.com.

How many fakes are on The RealReal? ›

The RealReal makes a concerted effort to keep counterfeit luxury items off the market, removing approximately 5,000 fakes each month (a total of 250,000 since 2011).

How long does the hold last on The RealReal? ›

We allow you to hold items in your cart for 20 minutes so you can consider your purchase and continue shopping.

Does The RealReal require a signature? ›

The RealReal requires a signature for orders with any item over $5,000. UPS will need to obtain a signature from an adult 21 or older. You may contact UPS to create a 'My Choice' account to personalize some of your shipping preferences, including redirecting shipments to a UPS customer center.

How much does real real pay for items? ›

We handle everything from expert authentication, copy writing, and photography. Thanks to 25+ million shoppers items sell faster on The RealReal. Earn up to 85% of the sales price. That's 3 times more than other resellers.

Does The RealReal pay upfront? ›

When you trade your items, you will receive payment upfront (within two weeks) in the form of The RealReal site credit. When you sell your items, you will receive payment upfront (within two weeks) by direct deposit.

Can you ask questions on The RealReal? ›

For general inquiries or questions, please reach out to client services by texting RealHelp to 50347 or emailing us at contact@therealreal.com.

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