For Rati Sahi Levesque, newly appointed CEO at secondhand luxury goods marketplace The RealReal, her first week at the company’s helm was a promising one. In a marketplace driven by value-conscious consumers, The RealReal reported third-quarter earnings Monday (Nov. 4) that exceeded expectations. Levesque succeeded John Koryl, who...
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...
As consumers across income groups feel economic pressure, luxury secondhand marketplace The RealReal is seeing its customers continue to spend but demand more value for their dollar. The company shared in its second-quarter 2024 earnings results Tuesday (Aug. 6) that active buyers increased by 9%...
While more people are embracing the idea of buying and selling secondhand clothing, companies specializing in selling these items are reportedly facing challenges in turning a profit. The U.S. secondhand apparel market was valued at approximately $43 billion in 2023, The Wall Street Journal (WSJ)...
March 06, 2024
As consumers’ budgetary pressures prompt them to seek lower-priced options, many digital resale platforms are seeing growth, but eCommerce has a long way to go when it comes to driving penetration in secondhand retail. Discussing the opportunity that the category presents, Depop owner Etsy shared on its most recent earnings call that as the resale marketplace’s performance has improved, there is […]
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...
August 07, 2020
The pandemic weighed heavily on The RealReal’s second-quarter earnings announced Thursday (Aug. 6), leading to a steep drop in its results. The drop was tied to closings at its two...
December 19, 2024
The luxury fashion world’s loss has been The RealReal’s gain this year. As The Wall Street Journal (WSJ) reported Thursday (Dec. 19), sales for the luxury resale website have grown for three quarters in a row as shoppers seek secondhand prices for first-class goods from the likes of Gucci and Chanel. Now, the company is working to keep items […]
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...
July 03, 2024
While more people are embracing the idea of buying and selling secondhand clothing, companies specializing in selling these items are reportedly facing challenges in turning a profit. The U.S. secondhand...
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...
