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. In another step toward profitability, The RealReal winds down beauty ...
Mar 24, 2023 · The luxury resale site may be at risk of bankruptcy, although its loss narrowed in its most recent quarter. Under newly arrived CEO John Koryl, ...
Under a new CEO, the luxury resale site has been scrutinizing various aspects of its business and slashing expenses.
3. After founder's exit, The RealReal appoints CEO to lead turnaround
Jan 26, 2023 · 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 ...
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.
4. 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 ...
Limits brick-and-mortar access to help prevent the spread of COVID-19...
5. The RealReal CFO to step down | Retail Dive
Missing: temporary | Show results with:temporary
See AlsoCraigslist PasadenaStill in its quest for profitability, and amid financial struggles, Robert Julian is leaving the position after two years with the company.
6. Can The RealReal's aggressive cost-cutting help it reach profitability?
Feb 22, 2023 · A rep from The RealReal said the recent layoffs and store closures are meant to help bring the company closer to profitability but declined to ...
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.
7. 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.
8. 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.
9. 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.
