Therealreal Stock Price, News & Analysis

On National Consignment Day, The RealReal (Nasdaq: REAL) announces a partnership with Gucci to launch an online shop featuring pre-loved Gucci items, promoting circularity in luxury fashion through the end of the year. For every Gucci purchase or U.S. consignment, a tree will be planted via One Tree Planted, contributing to global reforestation efforts. The consignment of Gucci items has saved 230 metric tons of carbon and conserved over 10 million liters of water. Gucci continues to see a 19% increase in resale demand, solidifying its status as a leading luxury brand.

The RealReal (Nasdaq: REAL) announced that CFO Matt Gustke will speak at the Keybanc Capital Markets Future of Technology Series on Sept. 9, 2020. This event highlights The RealReal's position as the largest online marketplace for authenticated luxury goods, supported by a rigorous authentication process. Investors and interested parties can access a live webcast of the session through the Events section of The RealReal’s investor relations website, with replay available post-presentation.

The RealReal (Nasdaq: REAL) has joined the UN Global Compact, enhancing its commitment to sustainability and social responsibility. This initiative aligns with The RealReal's mission to promote a circular economy in the luxury goods market. The company has previously committed to becoming carbon neutral by 2021 and has partnered with notable brands like Burberry to foster sustainable practices. Additionally, The RealReal aims to advance diversity in fashion through various partnerships and board appointments.

SAN FRANCISCO, Aug. 25, 2020 (GLOBE NEWSWIRE) -- The RealReal (Nasdaq: REAL) released its annual Resale Report, highlighting luxury resale trends amid COVID-19. Sales of high-value items surged, with jewelry sales growing 22x more than low-value items. Louis Vuitton topped the luxury brand rankings, overtaking Gucci. Demand for understated luxury increased significantly, with a 486% rise in luxury streetwear. The report indicates a 27% increase in new consignors, primarily millennials and Gen Z, reflecting a shift toward sustainable shopping practices.

The RealReal (Nasdaq: REAL) announced that CFO Matt Gustke will participate in two upcoming conferences: the Needham Virtual Digital Commerce Conference on August 13, 2020, and the Raymond James SMID Cap Growth Conference on August 18, 2020. A live webcast of Gustke's session at the Needham conference will be accessible on The RealReal's investor relations website, with a replay available afterward. The RealReal is renowned for its authenticated luxury goods marketplace, featuring over 150 experts who ensure authenticity and sustainability in luxury consignment.

The RealReal (Nasdaq: REAL) announced the appointment of Caretha Coleman and Carol Melton to its Board of Directors, bringing the board's female representation to 50%. Coleman, with over 40 years in technology and advocacy for diversity, and Melton, an expert in global public policy, aim to enhance the company's leadership and innovation. CEO Julie Wainwright emphasized the importance of diverse perspectives for operational excellence and cultural inclusivity. This strategic move is expected to positively impact The RealReal's growth and sustainability efforts in the luxury goods market.

The RealReal (Nasdaq: REAL) will announce its financial results for Q2 2020 on August 6, 2020, after market close. A conference call is scheduled for 2:00 PM PT to discuss results with investors and analysts. Interested parties can join by dialing (866) 996-5385 (U.S.) or (270) 215-9574 (internationally) with passcode 9053887. The RealReal is the largest online marketplace for authenticated luxury goods, employing over 150 experts for item authentication, and aims to promote a circular economy through sustainable practices.

The RealReal, Inc. (Nasdaq: REAL) announced the closing of a $22.5 million issuance of additional 3.00% Convertible Senior Notes due 2025. This follows an earlier offering that closed on June 15, 2020. The new notes resulted in approximately $21.7 million in net proceeds after expenses, supplementing earlier estimated net proceeds of $144.1 million. The company plans to allocate these funds for general corporate purposes. The offering is made under Rule 144A of the Securities Act, and shares from conversions are not registered for public sale.

The RealReal (Nasdaq: REAL) has announced a donation of $250,000 to Black Girls CODE, alongside an additional $235,000 from partners, to expand virtual coding classes for girls of color aged 7 to 17. CEO Julie Wainwright emphasized the commitment to supporting diversity in tech. The initiative aims to empower 1 million girls by 2040, enhancing their skills in STEM fields.