The Realreal Temporary Closure (2024)

FAQs

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.

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 Angeles offices up for sale.

(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.

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.

Rati joined The RealReal Founder Julie Wainwright in 2011 as the company's first employee and a catalyst to bringing Julie's vision of a new way to buy and sell consigned luxury goods to life.

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.

The RealReal Inc.'s focus on consignment — and the bottom line — started to pay off for the resale pioneer in the fourth quarter. The company hit a long-promised milestone with adjusted earnings before interest, taxes, depreciation and amortization of $1.4 million million in the quarter.

REAL Stock Forecast FAQ

RealReal has 29.86% upside potential, based on the analysts' average price target. Is REAL a Buy, Sell or Hold? RealReal has a consensus rating of Moderate Buy which is based on 3 buy ratings, 3 hold ratings and 0 sell ratings.

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).

How much does The RealReal pay for bags? ›

With an industry-leading consignment rate, you can receive up to 85% of the sale price when your bag is sold.

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.

Shares of secondhand luxury marketplace The RealReal (NASDAQ: REAL) fell 21% in the morning session after the company reported second-quarter earnings results. Revenue guidance for the next quarter missed analysts' estimates, and the full-year guidance was dropped. In addition, the company continued to burn cash.

The RealReal is a luxury fashion reseller, meaning that all of the products are considered second-hand, having been owned by another consumer before arriving at The RealReal.

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.

And of course, it reached profitability, posting adjusted EBITDA of $1.4 million in the fourth quarter of 2023, compared to $20.2 million in EBITDA loss in the same period in 2022. The company is “on track to deliver a breakeven adjusted EBITDA year in 2024,” Koryl told analysts last month.

How much does The RealReal in the United States pay? Average The RealReal hourly pay ranges from approximately $15.00 per hour for Cherry Picker to $26.46 per hour for Inventory Associate.

Purchases may be subject to sales, use, excise and other tax in some jurisdictions. It is the buyer's responsibility to ascertain and pay all taxes due. Buyers claiming exemption from sales tax must have the appropriate documentation on file with The RealReal prior to the release of the property.