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...
Rebag wants to turn secondhand luxury buyers into sellers and investors to boost its inventory. In announcing its new Wallet feature Wednesday (Dec. 7), the reCommerce platform is hoping the incentivized savings feature will entice more sellers into the market, Rebag founder and CEO Charles...
Recalling then-candidate Joe Biden’s 2019 advice that out-of-work coal miners should learn to code, now-unemployed coders may want to check job listings for “Luxury Procurement Specialist” or “Handbag Authenticator” as the resale sector widens its crackdown on knockoffs. A quick web search finds job openings...
The online luxury goods reseller Rebag says it has raised $33 million through a Series E round, bringing the firm’s total funding to $101 million. The company announced the round on Wednesday (Dec. 15), saying it would use the investment to build on its technological...
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 15, 2021
The online luxury goods reseller Rebag says it has raised $33 million through a Series E round, bringing the firm’s total funding to $101 million. The company announced the round on Wednesday (Dec. 15), saying it would use the investment to build on its technological tools, including its Clair Technology Suite. “In the last 12 […]
