As inflation takes its toll on consumer spending, luxury consignment stores are grappling with the effects, witnessing a notable increase in the challenges associated with high-end fashion. The RealReal is undergoing a comprehensive revamp, involving alterations to its commission system, a reevaluation of its supply...
As the impact of inflation reverberates through consumer spending, luxury consignment shops feel the pinch, experiencing a surge in haute couture stress. In a recent development reported by PYMNTS, The RealReal has embarked on an overhaul, aiming to reap the benefits in the first half...
Luxury consignment is a thriving niche within the fashion industry, offering a sustainable and cost-effective way for consumers to access high-end, designer products at more affordable prices. While the brick-and-mortar approach to luxury consignment has its advantages of personalization and in-store experience, it often lacks...
In March, The RealReal, revealed that it would be looking to consign its way to near-term profitability. Since its establishment in 2011, this platform dedicated to secondhand goods has not yet managed to generate a profit. While the success of these efforts remains uncertain, the...
November 23, 2023
As inflation takes its toll on consumer spending, luxury consignment stores are grappling with the effects, witnessing a notable increase in the challenges associated with high-end fashion. The RealReal is undergoing a comprehensive revamp, involving alterations to its commission system, a reevaluation of its supply dynamics, and the incorporation of third-party advertising. Meanwhile, Fashionphile, a […]
December 12, 2023
Online marketplace eBay is rolling out a limited-time mobile consignment concierge that will promote the selling experience offered by the recently launched eBay consignment service. A branded bus called the Luxe Line will visit locations in Los Angeles and Las Vegas, offering people a physical place to consign their luxury accessories and shop for new ones, […]
April 24, 2019
The RealReal, an online retailer for authenticated luxury consignment, has authorized the sale of up to $70 million in new shares that could put its valuation at $1.06 billion. A...
July 26, 2018
The RealReal, the leader in authenticated luxury consignment, has announced the closing of a $115 million Series G financing, bringing it to a total of $273 million in equity capital....
August 07, 2015
Bringing bricks-and-mortar online seems to be a natural transition in the retail industry, but not every retailer is created equal in their experience of making the switch. That’s why one startup...
