How much does the real real take
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What percentage does Real Real take?
When an item sells, the consigning party gets a percentage of the sale price (50 percent for items priced at $200 or below, and up to 70 percent for products that sell for $10,000 and over) and The RealReal takes a cut.
Does The RealReal pay upfront?
With Get Paid Now, you can sell select watches, fine jewelry, handbags and men’s sneakers and get paid upfront, without waiting for your items to sell. You can choose payment in cash or site credit. … Site credit is redeemable for all purchases on therealreal.com or in our stores, is non-transferable and does not expire.
How long does it take to sell on The RealReal?
Sign up to receive a one-time code and drop-off items to sell with The RealReal at your convenience. Once we receive your items, they will be authenticated, photographed, priced and included in your profile under My Sales. This process usually takes between 10-15 days.
Can I trust The RealReal?
With a rigorous authentication process overseen by experts, The RealReal provides a safe and reliable platform for consumers to buy and sell their luxury items. We have 100+ in-house gemologists, horologists and brand authenticators who inspect thousands of items each day.
How much does Tradesy take per sale?
Price your item
You’ll earn more than 80% of your selling price on most items, while Tradesy keeps a 19.8% commission. Before you publish your listing, you can also review your earnings breakdown with the commission and Safe Transfer Fee already deducted.
Is The RealReal profitable?
Gross Profit was $71.1 million , an increase of 44% compared to the same period in 2020. Gross Profit per Order improved $4 year-over-year to $94 per order.
How do you get paid from The RealReal?
You can receive payment by direct deposit, site credit (+5%) or check after your item sells. Commission payments are issued on the 15th of each month, following the month in which items were sold.
How much is Rebag?
The “Exchange for” value is calculated at checkout as 80%, 75% or 70% of the “Purchase Price” for each item depending on the Infinity Period you are in. This represents the minimum amount you will receive in Rebag Credit if you exchange this item within the given time period if you item qualifies for Rebag Infinity.
Who owns The RealReal?
Julie Wainwright
As founder and chief executive of The RealReal , Julie Wainwright has created one of the most successful online luxury consignment sites. With $288 million in funding raised, Wainwright believes The RealReal will become a billion dollar business in the next few years.
Why is The RealReal stock down?
On the bottom line, The RealReal’s results also fell short of expectations. The company had a net loss of almost $71 million, which translated to a loss per share of $0.78, according to generally accepted accounting principles (GAAP). Again, Wall Street expected a net loss of only $0.54 per share.
How big is Real Real?
The RealReal is the world’s largest online marketplace for authenticated, resale luxury goods, with more than 23 million members. With a rigorous authentication process overseen by experts, The RealReal provides a safe and reliable platform for consumers to buy and sell their luxury items.
Where is Julie Wainwright from?
| Julie Wainwright | |
|---|---|
| Nationality | United States |
| Alma mater | Purdue University (BS) |
How many stores does The RealReal have?
The company’s 10 physical stores have been one of the main drivers of discovery, with more than 30% of new consignors in the quarter being introduced to The RealReal through a physical location. The company opened three new stores in Austin, Dallas and Atlanta last quarter and plans to open two more this year.
What sells on The RealReal?
The RealReal, Inc. is an online and brick-and-mortar marketplace for authenticated luxury consignment. Based on the circular economy, The RealReal sells consigned clothing, fine jewelry, watches, fine art and home decor.
Who is the founder of the real?
Where is The RealReal headquarters?
San Francisco, officially the City and County of San Francisco, is a cultural, commercial, and financial center in the U.S. state of California.
How did The RealReal start?
T he seeds for The RealReal were planted early on in Wainwright’s life: Both of her parents were artists who believed in “upcycling” and rescuing clothes and household decor from the trash bin. … She started The RealReal in 2011, working from her home in Marin County.
How does The RealReal work?
The Real Real is a high-end consignment store, where you can theoretically resell your designer goods for a reasonable price. … They take another 50% commission on the remaining $160 sales price. So you get $80 for your $200 product.
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