Therealreal Stock Price, News & Analysis

The RealReal has launched a national expansion of its Get Paid Now program and introduced the Circular ReSource Lab to address fashion waste. The brand celebrates National Consignment Day by enhancing luxury consignment options, such as adding categories like sports gear and electronics. They are partnering with Mytheresa to increase customer engagement in the resale market. The Circular ReSource Lab aims to create sustainable solutions focusing on reimagining, reviving, and reselling items, with an upcoming zero-waste collection to be released this holiday season.

The RealReal (Nasdaq: REAL) appoints Robert Julian as Chief Financial Officer, effective October 1, 2021. Julian, with extensive public company experience, previously served as CFO at Sportsman’s Warehouse, among others. His track record includes driving net sales from $800 million to $1.5 billion. Under his leadership, The RealReal achieved record gross merchandise volume (GMV) of $350 million in Q2. Julian expressed enthusiasm about contributing to the company's profitable growth and sustainability initiatives in the resale luxury market.

The RealReal (NASDAQ: REAL) released its 2021 Luxury Shopper Insights Study, revealing significant shifts in luxury buying behavior. Luxury resale growth is outpacing the primary market, with a 14-point increase in brand awareness since 2019. Men represent a key demographic, being three times more likely to exclusively buy luxury. Additionally, 48% of luxury shoppers plan to purchase luxury resale in the next two years. The company emphasizes sustainability, noting a 13% increase in shoppers citing it as a buying factor. The study indicates ongoing opportunities for market expansion despite current challenges.

The RealReal (Nasdaq: REAL) reported a significant business update for August 2021, with Gross Merchandise Volume (GMV) reaching approximately $124 million, marking a 50% year-over-year increase. This figure also reflects a 41% increase compared to August 2019. The Average Order Value (AOV) was approximately $477, up 6% year-over-year. Analysts anticipate Q3 GMV will range from $365 million to $368 million, indicating 49% to 50% growth year-over-year. The company plans to continue providing monthly GMV and AOV updates through 2021 to enhance transparency amid ongoing market changes.

SAN FRANCISCO, Aug. 31, 2021 — The RealReal (Nasdaq: REAL), the largest online marketplace for authenticated resale luxury goods, announced participation in a fireside chat at the Raymond James 2021 Consumer Conference on Sept. 14. Julie Wainwright, founder and CEO, alongside Matt Gustke, CFO, will represent the company. This presentation will be available via webcast on The RealReal’s investor relations website and can be replayed for a limited time post-event.

With over 23 million members, The RealReal emphasizes sustainability and a rigorous authentication process for luxury goods.

The RealReal (Nasdaq: REAL) has released its 2021 Luxury Resale Report, highlighting the surge in luxury resale amidst changing consumer habits. Over the past year, 29% of buyers made their first pre-owned luxury purchase, and 45% of new consignors were first-time sellers. Notable trends include a 62% increase in Gucci transactions and a staggering 590% rise in demand for Telfar. Gen Z shoppers showed remarkable growth, with their participation up 33% in buyers and 86% in consignors, indicating a shift toward sustainable luxury investments.

The RealReal (Nasdaq: REAL) reported strong Q2 results with a 91% year-over-year growth in GMV, reaching $350 million. Total revenue increased by 83% to $104.9 million. Gross profit per order improved to $94, up $9 from the previous quarter. The company achieved record numbers of new consignors and active buyers, with 730K active buyers and 673K orders. Despite a net loss of ($70.7 million), cash reserves stood at $491.6 million. The opening of new retail stores and an Arizona authentication center support further growth prospects.

The RealReal (Nasdaq: REAL) reports July 2021 Gross Merchandise Volume (GMV) of approximately $116.6 million, marking a 56% increase year-over-year and 53% over July 2019. Average Order Value (AOV) for July was about $502, rising 13% year-over-year and 16% compared to 2019. The company is committed to sharing monthly GMV and AOV data through 2021 to enhance transparency on the COVID-19 pandemic's impact. The RealReal is set to release its second-quarter financial results on August 9, 2021.

The RealReal (Nasdaq: REAL) will announce its financial results for Q2 2021 on August 9, 2021, following the market close. A conference call will be held at 2:00 PM PT to discuss the results, accessible via phone and live webcast. The company is a leader in the authenticated resale luxury goods market, boasting over 20 million members and a rigorous authentication process. The RealReal emphasizes sustainability by prolonging the lifecycle of luxury items and facilitates effortless selling through various services.