
The fashion resale platform raised $168 million with its initial public offering on Thursday, achieving a valuation of around $1.3 billion. Shares began trading at $18.25 on Friday, up 30% from their listing price.
48 published items with the word (s) or phrase The RealReal in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
The fashion resale platform raised $168 million with its initial public offering on Thursday, achieving a valuation of around $1.3 billion. Shares began trading at $18.25 on Friday, up 30% from their listing price.
The San Francisco-based consignment marketplace announced Q4 revenue of $84.6 million on Monday, representing a 10% year-over-year decrease, despite a quarterly record in new buyers.
The service, which has already launched in the EU and U.K., allows users to trade in their designer handbags for credit to be used towards future purchases on Farfetch.
The fashion consignment marketplace announced a net loss of $43.3 million, or $0.49 per share, for the third quarter on Monday, as gains in direct revenue failed to make up for declines in consignment and services.
China's love for luxury is spilling over into the once shunned second-hand goods sector, with online stores surfing a wave of pent-up demand from shoppers, led by millennials.
The RealReal has now launched a dedicated e-commerce site for secondhand Gucci pieces -- including men's and women's clothing, bags and shoes -- supplied by the brand, as well as consignors.
Through the program, those pieces that are in good quality will be cleaned and put up for sale on Levi's new secondhand marketplace, with prices ranging from $30 to $100.
The opening day of NYFW featured a variety of presentations that saw designers reckon with the past year's social and political unrest, as well as the impact of Covid-19.
Resale marketplace The RealReal’s latest annual report has highlighted a shift towards high-value items during the Covid-19 pandemic, as well as other trends, including the rise of stealth luxury and luxury streetwear.
Interbrand launched its list of the 30 Breakthrough Brands for 2020 on Thursday and a number of fashion and beauty firms are included in the ranking of names that are “set to revolutionise their markets”.