1. The RealReal Mens Store is Closed…but it's Only Temporary
Jan 14, 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. The RealReal will lay off 230 employees, close stores - The Current
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The resale platform has struggled with profitability.
3. The RealReal CFO to step down - Retail Dive
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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.
4. Following deep cost-cutting, the RealReal outlines a path to ... - Glossy
Feb 28, 2023 · The RealReal has undertaken taken drastic restructuring measures in recent months – such as closing four stores and laying off hundreds of employees in ...
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.
5. The RealReal Announces Layoffs and Store Closures - Retail Bum
Feb 21, 2023 · The company is planning to let go roughly 7% of its workforce, equating to about 230 employees — a move that would cost the company $1.7 million ...
The RealReal is making deep cuts as the resale platform struggles to turn a profit. The company is planning to let go roughly 7% of its workforce, equating to…
6. In another step toward profitability, The RealReal winds down beauty ...
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Under a new CEO, the luxury resale site has been scrutinizing various aspects of its business and slashing expenses.
7. After founder's exit, The RealReal appoints CEO to lead turnaround
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.
8. Can The RealReal's aggressive cost-cutting help it reach profitability?
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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.
9. Luxury Brands Can't Ignore Fashion Reseller The RealReal Anymore
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.
