Luxury Resale news and trends

The RealReal Promotes COO Rati Sahi Levesque to CEO
eCommerce // October 28, 2024

The RealReal has appointed President and Chief Operating Officer Rati Sahi Levesque as president and CEO and as a member of the board. Levesque succeeds John Koryl, who has left the company and is no longer on the board, the online marketplace for resale luxury...

The RealReal Taps Personalized Messaging to Drive Loyalty
eCommerce // February 29, 2024

Amid ongoing consumer belt-tightening, The RealReal is seeing personalized messaging go a long way toward incentivizing spending. John Koryl, CEO of the luxury resale marketplace, shared on a call with analysts Thursday (Feb. 29), discussing the company’s fourth quarter and full year 2023 financial results, that personalized...

Ebay Cuts 9% of Staff Amid Rising Competition
Retail // January 24, 2024

Online marketplace company eBay says it will lay off 9% of its workforce, citing a difficult macroeconomic environment. Those job cuts will affect about 1,000 full-time employees of the eCommerce platform, CEO Jamie Iannone said in a message posted on the company’s website Tuesday (Jan. 23). “Our overall head count and...

The RealReal Joins Digital ID Firm EON to Boost Luxury Resale Transparency
Retail // January 16, 2024

The RealReal has joined EON to make it easier for luxury customers to consign their goods. The collaboration between the luxury consignment brand and the digital ID company will see The RealReal (TRR) join EON Exchange, EON’s app/partner/service ecosystem, the companies announced in a Tuesday...

Quick Reads
ThredUp Picks Amazon Veteran Danielle Vermeer to Head Social Commerce

November 12, 2024
Clothing reseller ThredUp has chosen Amazon’s ex-luxury resale head as its new social commerce director. Danielle Vermeer will take on the newly-created role of head of social commerce beginning in January of next year, ThredUp said Tuesday (Nov. 11). “We are always building and innovating beyond our core business to make thrifting easier and more […]

The RealReal Promotes COO Rati Sahi Levesque to CEO

October 28, 2024
The RealReal has appointed President and Chief Operating Officer Rati Sahi Levesque as president and CEO and as a member of the board. Levesque succeeds John Koryl, who has left...

Ebay Cuts 9% of Staff Amid Rising Competition

January 24, 2024
Online marketplace company eBay says it will lay off 9% of its workforce, citing a difficult macroeconomic environment. Those job cuts will affect about 1,000 full-time employees of the eCommerce platform, CEO Jamie Iannone said in...

The RealReal Joins Digital ID Firm EON to Boost Luxury Resale Transparency

January 16, 2024
The RealReal has joined EON to make it easier for luxury customers to consign their goods. The collaboration between the luxury consignment brand and the digital ID company will see...