×
74 092
Fashion Jobs
ATHLETA
General Manager - San Tan Village
Permanent · GILBERT
HIGHSNOBIETY
Brand Partnerships Manager
Permanent · NEW YORK
ESTÉE LAUDER
MAC - Keyholder - Part Time - Perimeter Mall - Atlanta, ga
Permanent · Atlanta
ASCENA
Sales Manager Full-Time
Permanent · Orlando
BLOOMINGDALE'S
Manager, Sales - Fine Jewelry/Sun/Studio Services: Sherman Oaks
Permanent · LOS ANGELES
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time - Jersey Gardens
Permanent · Elizabeth
CENTRIC BRANDS
Buyer-Herve Leger & Zac Posen
Permanent · New York
NORDSTROM
Asst General Manager- Marketplace Café- The Shops at Mission Viejo
Permanent · Mission Viejo
NORDSTROM
Beauty Sales - Chanel - International Plaza
Permanent · Tampa
NORDSTROM
Retail Sales - Indochino - International Plaza
Permanent · Tampa
NORDSTROM
Beauty Sales - Charlotte Tilbury - International Plaza
Permanent · Tampa
ROSS
Store Protection Specialist
Permanent · Riverside
RALPH LAUREN
ft Children's Sales Professional
Permanent · Manhasset
MONCLER
Sales Floor Supervisor
Permanent · LIVERMORE
ABERCROMBIE KIDS STORES
Abercrombie Kids - Brand Representative, South Shore
Permanent · Braintree
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Outlets at Orange
Permanent · Orange
ABERCROMBIE KIDS STORES
Abercrombie Kids - Brand Representative, Fashion Fair
Permanent · Fresno
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Ontario Mills Outlet
Permanent · Ontario
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Promenade
Permanent · Temecula
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Galleria at Roseville
Permanent · Roseville
HOLLISTER CO. STORES
Hollister CO. - Brand Representative, Citadel
Permanent · Colorado Springs
ABERCROMBIE KIDS STORES
Abercrombie Kids - Brand Representative, Woodlands
Permanent · The Woodlands
Published
May 11, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The RealReal revenues roar forward 48%, profitability falls

Published
May 11, 2022

The RealReal announced on Tuesday total sales for the first quarter increased 48%, on the back of strong gross merchandise value (GMV) growth, as the online luxury resale platform remained in the red for another quarter. 


Total sales reached $147 million for the first quarter ending March 31, while GMV gained 31% to $428 million - The RealReal


The San Francisco-based company said total sales reached $147 million for the first quarter ending March 31, while GMV gained 31% to $428 million. 

The RealReal said trailing 12 months active buyers reached 828,000, an increase of 21% compared to the same period in 2021, while order numbers reached 878,000, an increase of 27%.

Average order value (AOV)was $487, an increase of 3%. Likewise, higher AOV was driven by a year-over-year increase in units per transaction partially offset by decreased average selling prices driven by a normalization of category mix coming out of Covid-19.

Finally, GMV from repeat buyers was 85% compared to 84% in the first quarter of 2021

Despite the sales boost, The Real Real recorded a net loss of $57 million, compared to $56 million in the same period in 2021.

​“We are pleased with our financial results for the first quarter of 2022, which exceeded our expectations on both the top- and bottom-line. The strong growth is particularly noteworthy given the Covid-related staff absences in our authentication centers early in the year, which negatively impacted the time for processing and launching items on our website. During the first quarter, we also continued to deliver significant operating expense leverage on both our fixed and variable expenses,” said Julie Wainwright, founder and CEO of The RealReal.

“We continue to see strong demand in our business despite recent geopolitical events and uncertainty surrounding macroeconomic trends. In fact, as inflation has ramped and prices have increased in the primary (i.e. new goods) luxury market, we believe The RealReal is a demonstrated value option offering unique and highly coveted items in our online marketplace. We believe we are well positioned for a strong year," added Wainwright.

Looking ahead, the company said it expects second quarter GMV to sit between $450 - $470 million, while total revenues are forecast to fall between $150 - $160 million.

Copyright © 2023 FashionNetwork.com All rights reserved.