| Market Capitalization (Millions $) |
1,196 |
| Shares
Outstanding (Millions) |
121 |
| Employees |
3,140 |
| Revenues (TTM) (Millions $) |
749 |
| Net Income (TTM) (Millions $) |
41,760 |
| Cash Flow (TTM) (Millions $) |
44 |
| Capital Exp. (TTM) (Millions $) |
36 |
Business Description
TheRealReal Inc is an American online luxury consignment retailer company founded in 2011 by Julie Wainwright in San Francisco, California. The company has developed into one of the largest and most successful online luxury retailers worldwide.
TheRealReal provides a platform for customers to buy and sell pre-owned luxury goods through an online marketplace. It accepts items for consignment from individuals worldwide who meet its criteria. It then authenticates, catalogs, photographs, and markets the items on its website for sale to a global audience. TheRealReal features more than 600 designer brands, including Gucci, Louis Vuitton, Chanel, Rolex, Hermes, and more.
The company's business model is unique and innovative. TheRealReal takes a commission from every sale, ranging from 15% to 40%, based on the final selling price of each item. It also offers clients the ability to earn higher returns if they choose to accept payment in the form of store credit, rather than cash.
The company has raised significant capital through several funding rounds, including $173 million in a Series F funding round in 2018, which brought the company's total funding to over $400 million. TheRealReal has been named a unicorn because of its evaluation of more than $1 billion, making it one of the most valuable privately held companies in the world.
TheRealReal has rapidly expanded its operations in the United States, with locations in New York City, Los Angeles, and Chicago, as well as worldwide, including Hong Kong, Japan, and Europe. It has a workforce of more than 2850 employees.
In addition to its core online luxury consignment marketplace, TheRealReal has also introduced complementary services such as expert authentication, white-glove concierge, and charity partnerships to deliver the most comprehensive, reliable, and convenient consignment experience possible for customers.
Overall, TheRealReal has transformed the luxury retail industry through its innovative and sustainable business model, disrupting the traditional model and setting a new standard in the industry.
Company Address: 55 Francisco Street San Francisco 94133 CA
Company Phone Number: 435-5893 Stock Exchange / Ticker: NASDAQ REAL
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