How luxury brands' stiffest competition is coming from secondhand online resellers like The RealReal and Fashionphile, driven by Gen Z and millennial consumers
Carol Ryan / Wall Street Journal : X: @contrariancurse , @michaelmiraflor , and @buccocapital X: @contrariancurse : A cool thing about high luxury goods is that TCO decreases at the very highest end ...
Memo: Meta hires the former CEO of luxury goods marketplace The RealReal as VP of retail, as it seeks to boost sales of Quest, Ray-Ban Meta, and AI wearables
- Company hires John Koryl as retail VP reporting to its CTO — Meta wants to improve retail experience for new AI wearables X: @markgurman X: Mark Gurman / @markgurman : NEW: Separately, Meta is hiri...
Poshmark's market cap is now $1.4B, a 50%+ drop from its January IPO, as revenue growth slowed to 16% in Q3, down from 42% in Q1, amid Apple's privacy changes
instead, the company is facing slowing revenue growth, causing concern about the social shopping business model. https://www.theinformation.com/ ... Sar Haribhakti / @sarthakgh : “When Poshmark went p...
Online luxury reseller The RealReal closes up 44.5% on its first day of trading after raising $300M in its IPO, and is now valued at around $2.4B
eBay takes on The RealReal and other fashion resellers with launch of authentication program for luxury goods, debuting with 12 high-end brands including Gucci
eBay is going after high-end clientele in search of luxury goods with today's launch of eBay Authenticate …
Luxury consignment startup The RealReal raises $50M, bringing the total raised to $173M, as it builds on online success to expand offline
Connie Loizos / TechCrunch :
Luxury consignment startup The RealReal raises $50M, bringing the total raised to $173M, as it builds on online success to expand offline
Connie Loizos / TechCrunch :