The Realreal Temporary Closure (2024)

1. The RealReal closing stores, downsizing offices, initiating layoffs

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The RealReal is trimming both its office and retail footprints. Here's what's happening locally.

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.

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.
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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.

Mar 15, 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...

Feb 28, 2023 · In order to get closer to profitability, The RealReal has undertaken taken drastic restructuring measures in recent months – such as closing ...
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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.

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.

Mar 14, 2024 · Wall Street Loves The RealReal's New Direction. Users Have Mixed Feelings ... The fashion resale company finally became profitable last year, but ...
The fashion resale company finally became profitable last year, but it was at the cost of losing consignors who complain that reselling is no longer as lucrative as it once was on the platform.

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.

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.

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.