In the company’s last earnings report, The RealReal reported a net loss of $47.3 million against $143 million in total revenue. Wainwright stepped down from her role as CEO in June of 2022 and was replaced by John E. Koryl in January.
In the company’s last earnings report, The RealReal reported a net loss of $47.3 million against $143 million in total revenue. Wainwright stepped down from her role as CEO in June of 2022 and was replaced by John E. Koryl in January.
As part of the cost-cutting measures, the company will also shutter another flagship store in Chicago, two of its neighborhood stores in Atlanta and Austin and two of its luxury resale centers in Miami and Washington, D.C.
The RealReal also plans to reduce its office footprint in New York and San Francisco, where it rents space at 55 Francisco St.
Kevin Truong can be reached at kevin@sfstandard.com