Aiming to make it easier for merchants to tap into what it says is one of the fastest growing sectors in retail, LePrix has expanded its B2B marketplace for pre-owned luxury goods into Europe and has converted its consumer-facing website (leprix.com) to a wholesale platform. ...
With The RealReal’s active buyers up over 20%, gross merchandise value (GMV) rising 30%, orders jumping 40% and total revenue rising nearly 50%, one might assume that all was well at the self-titled “largest online marketplace for authenticated, resale luxury goods.” But that assumption, however,...
There is no shortage of online marketplaces for consumers seeking luxury goods, slightly used. The challenge, however, is knowing they are actually getting the real deal. Counterfeiting is a thriving global business that is expected to rake in around $1.8 trillion by the end of 2020. That’s a massive...
In its U.S. initial public offering (IPO), eCommerce luxury reseller The RealReal Inc. has notched $300 million. The company priced its shares above a target range, having sold 15 million shares for $20 apiece following their marketing at $17 to $19, Bloomberg reported. The offering...
March 27, 2023
Ongoing inflation has led to a boom in sales for luxury resale platforms. It has also made consumers more likely to haggle over prices to get the best deal for pre-owned clothing and accessories. For example, one reseller, Beaux Abington, who sells products on the Etsy-owned Depop and has noticed an increase in buyers chasing deals — to […]
June 28, 2019
In its U.S. initial public offering (IPO), eCommerce luxury reseller The RealReal Inc. has notched $300 million. The company priced its shares above a target range, having sold 15 million...
January 21, 2019
The RealReal, the online luxury reseller, is reportedly mulling an initial public offering, reported Reuters. The report, citing people familiar with the matter, said The RealReal is mulling an IPO for...
