The RealReal news and archive

Stella McCartney’s partnership with The RealReal continues into 2019

Luxury second hand marketplace The RealReal has extended its partnership with Stella McCartney, in yet another move to promote sustainable fashion on the part of McCartney’s brand. Everyone who consigns a Stella McCartney item with The RealReal will receive 100 US dollars in store credit to shop at all Stella McCartney’s stores worldwide, or via...

Fashion Featured

Chanel accuses the RealReal of selling counterfeit handbags

Chanel has claimed digital luxury consignment shop the RealReal is guilty of selling fake handbags. It is a serious claim, especially against a retailer that prides itself in its authentication methods. The RealReal states on its website, “We know exactly how to tell a real from counterfeit, from the quality of the leather to the zipper...

Fashion

The RealReal launches sustainability calculator

London - The RealReal, the leading luxury consignment company, has launched a sustainability calculator for consignment on National Consignment Day, October 1 to celebrate the positive impact of consignment on the environment. The science-based calculator, measured the greenhouse gasses, energy output and water usage to assess the overall...

Fashion Featured

Demand for Gucci extends to luxury re-sale market

Some things are better the second time around. Especially if that something is Gucci and for sale at discount prices. This week The RealReal, the leading luxury consignment company, released its mid-year luxury resale report with exclusive data charting marketplace trends, bestselling brands and emerging designers in luxury resale. With access...

Management|ANALYSIS Featured

Online clothing and accessories re-sale attracts financiers’ attention

New York – Consumers’ habits have changed dramatically since the economic recession hit a decade ago. Online shopping has become the new normal, while more and more consumers turn into savvy thrifters. The result? Second-hand apparel sales are estimated to surpass 40 billion dollars by 2022. Consumers have increasingly turned to second-hand...

RetailFeatured

The RealReal opens L.A. concept store

Authenticated luxury consignment company The RealReal has announced the opening of its first concept store on the West Coast. The Los Angeles store, located at 8500 Melrose Avenue in West Hollywood, is 12,000 square feet and includes a separate 5,500 square foot men's store. The concept store will encompass The RealReal's entire services...

Fashion Featured

The RealReal teams up with Stella McCartney for Earth Day

The RealReal, the authenticated luxury consignment company is teaming up with Stella McCartney as part of Earth Day to launch a campaign to bring greater awareness to the circular economy for luxury fashion and essentially calling on luxury brands to embrace reselling. In an advert, titled ‘the Future of Fashion is Circular,’ The RealReal and...

BusinessFeatured

Pre-owned luxury site The RealReal to raise new round of 100m dollars before IPO

Luxury consignment re-sale company The RealReal is looking to raise a new round of 100 million dollars before it considers listing on the stock exchange. The sustainable luxury site specialises in the re-sale of clothing, jewellery, fine watches from brands such as Gucci, Louis Vuitton, Hermes and Prada, as well as art and homeware. Julie...

Report

U.S. Luxury consignment retailer The RealReal faces federal lawsuit

U.S. luxury consignment retailer The RealReal is facing a federally-filed lawsuit based on allegations that the online retailer’s platform systematically inflates the weights of diamonds and other precious gems on offer. According to CNBC news, plaintiff Gaby Basmadjian of Novi, Michigan, says a diamond ring she purchase from TheRealReal.com for...

Business

The RealReal hopes for IPO

In a recent interview with TechCrunch, The RealReal CEO Julie Wainwright said that she is preparing the company for an eventual IPO. “We really aren’t in the mood to sell the business, we’re in the mood to go public at some point in the future," Wainwright told TechCrunch. Since its launch, The RealReal has raised 173 million dollars in funding....

Business

The RealReal receives 50 million dollars in funding

The RealReal, the authenticated luxury consignment company, has announced that it has closed a 50 million dollars growth equity financing from private equity firm Great Hill Partners, as it looks to fuel company growth and expansion. The new funding will be used to expand the company's operations and category expertise, and to expand its luxury...

Fashion

New luxury re-sale site to expand through funding

The US-based online luxury re-sale business The RealReal has secured 14 million dollars in funding to expand its infrastructure and support its growth. The company, which holds sales on anything from Chanel to current designer trends, has grown revenue tenfold in the last year and receives over 1.5 million visits per month. 2nd hand luxury items...