1. Weekend Briefing: The RealReal lays off hundreds, closes stores to reach ...
Feb 19, 2023 · The RealReal is laying off 230 employees; closing four stores, including two flagships, as well as two consignment drop-off spaces; and ...
Last week, The RealReal announced major layoffs and store closures in order to shore up profitability. Plus, Kering announced a new head of brand safety role, and Etsy was accused of being a haven for counterfeiters.
2. The RealReal Layoffs, Store Closings 2023: 6 Locations To Shut Down ...
Feb 16, 2023 · The RealReal, a luxury resale and consignment company, is expected to close six store locations and fire 230 employees as it grapples to cut ...
The RealReal told the Securities and Exchange Commission that it would reduce its workforce and trim its real estate footprint to deal with the operating costs.
3. In another step toward profitability, The RealReal winds down beauty ...
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.
4. The RealReal CFO to step down | Retail Dive
Missing: temporary | Show results with:temporary
Still in its quest for profitability, and amid financial struggles, Robert Julian is leaving the position after two years with the company.
5. 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.
6. THE REALREAL TEMPORARILY MAKES STORES AND LUXURY
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 ...
See AlsoSteak Sandwich RecipeLimits brick-and-mortar access to help prevent the spread of COVID-19...
7. Following deep cost-cutting, the RealReal outlines a path to ... - Glossy
Feb 28, 2023 · In order to get closer to profitability, The RealReal has undertaken taken drastic restructuring measures in recent months – such as closing ...
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.
8. The RealReal opens a permanent store in NYC - Circle Visual Inc.
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.
9. How The RealReal Will Pivot From Growth To Profits - Forbes
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.
10. The RealReal Could Be Close To A Deal (NASDAQ:REAL)
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.
