The RealReal

Today, we are proud to announce that The RealReal has achieved positive adjusted EBITDA and positive free cash flow in Q4 2023, marking a first since our IPO. We also reported strong full-year 2023 financial results exceeding the mid-point of our guidance. We've made significant shifts across all aspects of our business; from refocusing on our core consignment business to overhauling our commission structure, to revamping our approach to sales and marketing. As we look ahead, we will continue to leverage our data to keep innovating, grow our core consign business and other supply channels such as drop-ship, remain focused on exceptional, luxury service for our customers, and continue to identify efficiencies through automation. Thank you to our TRR team for these incredible results. Read more here: https://lnkd.in/e92yxkqy

The RealReal is proud to celebrate Pride Month by honoring the contributions, history, and resilience of the LGBTQIA+ community.  We are committed to creating an inclusive workplace where everyone feels valued and empowered to be their most authentic selves. Throughout June, we are excited to embrace this year’s Pride Month theme: “Reflect. Empower. Unite” through inclusive and educational events in partnership with our Pride Employee Resource Group (ERG). Happy Pride Month!

Exciting news! The RealReal is officially back in the Windy City!  This month, we opened our newest store in Chicago at 📍66 E. Walton Street. Come visit us and explore the latest arrivals, meet our expert team, and discover the joy of sustainable shopping and luxury resale.  Big thank you to our TRR team for bringing this to life!

Last week at our Soho location, we relaunched Real Talks – a conversation on fashion, and its muses, across the decades. Moderated by our own Kristen Naiman, Chief Creative Officer, the panel featured an inspiring discussion between actress and ‘80s icon Molly Ringwald, Interview Magazine’s Mel Ottenberg, and Harper's Bazaar’s Lynette Nylander. Thank you to everyone who joined us for a memorable celebration of fashion and its timeless influence.

Thank you to The RealReal's Asian Pacific American (APA) Employee Resource Group (ERG) for their programming over the last few weeks. In celebration of Asian American, Native Hawaiian, and Pacific Islander Heritage (AANHPI) Month, the group provided educational background on members of the Asian diaspora within fashion, media, leadership, and the community, which truly encompassed their mission to ‘Rise Up + Learn.’ This week, APA’s co-chair, Jolina Wang, had the opportunity to sit with Chief Marketing Officer, Sri Batchu, for an insightful and enlightening conversation exploring his journey from consulting to the C-Suite, navigating imposter syndrome, and the importance of identifying your vision. Conversations like this continue to amplify our commitment to creating a diverse, equitable, and inclusive environment where all voices are heard, respected, and valued.

Introducing Real Friends: Our new Consignor Referral Program! Designed to spread the word about sustainable fashion, when an existing consignor refers a new consignor they both may be eligible to receive $100 in site credit. Let's make a difference together! Join our community of Real Friends, working together to build a more sustainable and inclusive future for fashion. Learn more here: https://lnkd.in/eYwyqE2H

This Earth Day, The RealReal is proud to reaffirm our commitment to sustainability and the circular economy! Every day, our teams make a positive impact by keeping well-made items out of landfills, reducing waste, and lowering emissions. We prioritize efforts around educating on the real impact of resale using our first-of-its-kind sustainability calculator, advancing environmental advocacy in our daily operations, and other important initiatives like upcycling programs, partnerships, and more. Starting today through April 30th, we're excited to launch a special in-store initiative to support our nonprofit partner, Conservation International. By consigning your luxury items at any of our 12 retail locations, you'll have the opportunity to donate your commission to benefit this non-profit dedicated to protecting oceans and forests.  By conserving nature, they're ensuring the well-being of humanity and the planet as a whole — let's work together to build a better future! 🌎 💚🌊🌳

Let's take a moment to celebrate our fearless leader, Rati Sahi Levesque, President and COO, for her remarkable journey! In a recent interview with ELLE Magazine, Rati delved into her inspiring career journey and vision for The RealReal's future. From her early days in fashion to leading innovation in luxury resale, her unwavering dedication and passion are evident at every turn.   Her commitment to regeneration, authenticity, and empowerment for both customers and employees is truly commendable. As she drives growth and impact at The RealReal, her leadership is a constant inspiration. We eagerly anticipate the exciting developments ahead! Read more here: https://lnkd.in/eCUWgqBX

So proud of The RealReal team and our Hola Employee Resource Group for their dedication to making a difference! Recently, our employees volunteered with LifeTown in Livingston, NJ, a fully inclusive and accessible center that provides recreational, therapeutic, and educational services to individuals with diverse abilities — embodying the spirit of compassion and community. Together, we're creating a brighter, sustainable, and more inclusive world!

Before we get too far into April, we want to shout out our Women's Employee Resource Group (ERG) who took the lead throughout March to honor the incredible contributions of women in shaping both The RealReal and the world. As part of our initiatives, we were honored to host a groundbreaking conversation that resonated across our organization and beyond. Our Women's ERG Co-Chair and Principal Product Manager, Devon Novotnak, had the privilege of sitting down with Karen Katz, The RealReal's esteemed Chairperson of the Board and former CEO of Neiman Marcus, for a company-wide fire-side chat for our employees. Together, they delved into topics crucial to our collective progress: leadership, career advancement, and the ongoing journey towards gender equity and inclusion. Karen's insights, stemming from her remarkable career at the helm of one of the most iconic names in retail, provided invaluable guidance and inspiration. Her perspectives on navigating challenges, seizing opportunities, staying humble, and fostering an inclusive culture were both enlightening and empowering. This conversation exemplified our commitment to fostering a diverse, equitable, and inclusive workplace where every voice is heard, valued, and empowered to thrive. Let's carry forward the momentum of these discussions and continue championing progress together.