What does the RealReal do?

The RealReal markets and sells luxury designer items, jewelry, watches, fine art, and home goods. You would like The RealReal to sell the items that you have sent to us or that we have collected from you (collectively, the “Property”) on a consignment basis.

How much is Julie Wainwright worth?

She started The RealReal in 2011, working from her home in Marin County. Two years later, she’d expanded operations into a warehouse in Sausalito; by 2015, Forbes estimated The RealReal was worth $300 million, more than Pets.com ever was.

Is the real real in USD?

The RealReal, the world’s largest online consumer marketplace for luxury items, has touted that all its merchandise is “100% authentic” handled by a team of experts. But CNBC found many of the items on the site were being authenticated by copywriters with limited training, leading to mistakes.

What is the real real consignment?

The Real Real is a high-end consignment store, where you can theoretically resell your designer goods for a reasonable price.

Does The RealReal have fakes?

It Won’t Be Easy To Get It Right. The fake Dior shoe bought on The RealReal next to the real Dior shoe. If you doubt whether the market for second-hand clothes and accessories (“resale”) is exploding, a conversation with a fashionista friend will dispel your concerns.

Is The RealReal reliable?

The RealReal is the world’s largest online marketplace for authenticated, consigned luxury goods. With a rigorous authentication process overseen by experts, The RealReal provides a safe and reliable platform for consumers to buy and sell their luxury items.

Is the real real worth it?

Most customers have positive experiences with The RealReal. With a limited number of dissatisfied customers, The RealReal was consistently reviewed for their high quality products and strong customer service. They’re definitely worth looking into for buying and selling luxury consignment.

Is the real real profitable?

Direct Revenue was $15.5 million , a 38% Y/Y increase. Gross Profit was $51.1 million , a 18% Y/Y decrease1. Net Loss was ( $53.0 million ). Adjusted EBITDA was ($35.8) million or (42.3%) of total revenue.

Is The RealReal trustworthy?

Does The RealReal sell authentic?

The RealReal says that it takes authenticity seriously (read: there are no fakes). But they have faced criticism for selling fakes or items that were not in the condition they claimed to be online. However, a former employee with The RealReal told CNBC: “It’s so much product.

Are consignment shops worth it?

The most important thing to know about consignment sales is that they are only worth it if you have a large selection of things to sell. It’s hard to turn a profit with five smaller items and a $10 entry fee.

Is The RealReal worth it?

Where are the headquarters of The RealReal Corporation?

The RealReal is headquartered in San Francisco, CA and has 13 office locations across 1 country.

How to shop at The RealReal in NYC?

Take advantage of special offerings at all of our NYC locations. Make an appointment with an expert for a complimentary valuation or drop off your consignment anytime. Shop our largest in-person collection, from fashion to fine jewelry to watches and more.

How many stores does The RealReal store have?

Now, The RealReal is a company with millions of shoppers and consignors, three retail stores in NYC & LA and 11 Luxury Consignment Offices across the country, three of which are in our stores.

How to get in touch with The RealReal?

To contact us, please email [email protected] For the latest information and updates, please visit our FAQs. We’re empowering consignors and buyers to extend the life cycle of luxury goods. The future of fashion is circular.