×
832
Fashion Jobs
L'OREAL GROUP
Trade Marketing Manager
CDI · Montreal
TOM FORD BEAUTY
Marketing Manager, Tom Ford, by Killian & Frederic Malle (1 Year Contract)
CDI · Toronto
NORDSTROM CANADA RETAIL INC
Loss Prevention, Security Ambassador 1, Pacific Centre
CDI · Vancouver
NORDSTROM CANADA RETAIL INC
Security Ambassador, Loss Prevention, Willowbrook Rack
CDI · Langley City
TAPESTRY
Sales Supervisor - Cross Iron Mills - Kate Spade
CDI · Calgary
RALPH LAUREN
Polo Factory Store - General Manager
CDI · Winnipeg
MAC
Bilingue Directeur(Rice) Régional Des Ventes/ Bilingual Field Sales Manager - (Retail Partner) - Mac Montreal,qc
CDI · Montreal
MAC
Field Sales Manager - (Retail Partner) - Mac (1 Year Contract)
CDI · Toronto
TJX CORPORATE
HR Digital Media Specialist
CDI · Mississauga
ESTÉE LAUDER COMPANIES
E-Commerce Manager, Mac Brand
CDI · Toronto
NORDSTROM CANADA RETAIL INC
Security Ambassador
CDI · Mississauga
NORDSTROM
Loss Prevention Security Ambassador Vaughan Mills Rack
CDI · Vaughan
NORDSTROM CANADA RETAIL INC
District Manager Asset Protection Eaton Centre
CDI · Toronto
ESTÉE LAUDER COMPANIES
Senior Manager, Accounting & Controls
CDI · Toronto
FOOT LOCKER
Overnight Assistant Operations Manager
CDI · Vaughan
FOOT LOCKER
Overnight Assistant Operations Manager
CDI · Brampton
NORDSTROM
Loss Prevention Security Ambassador South Edmonton Common Rack
CDI · Edmonton
L'OREAL GROUP
Business Consultant - Québec, Québec
CDI · Quebec City
NORDSTROM CANADA RETAIL INC
Loss Prevention Agent, Pacific Centre
CDI · Vancouver
ESTÉE LAUDER COMPANIES
Operations Manager/Group Leader - 3rd Shift
CDI · Markham
ESTÉE LAUDER COMPANIES
Maintenance & Reliability Manager
CDI · Markham
MARSHALLS
Store Coordinator, Full-Time, 3 Months Contract, Marshalls Trinity Commons Brampton
CDD · Brampton
Published
Feb 23, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The RealReal posts 10% decline in revenue

Published
Feb 23, 2021

San Francisco-based consignment marketplace The RealReal announced Q4 revenue of $84.6 million on Monday, down 10% from $93.7 million in the prior-year period, despite sequential improvements in gross merchandise volume (GMV) and a quarterly record in new buyers, which increased 21%.


The RealReal's Q4 net loss wsa $53 million - Instagram: @therealreal / @cobeyarner

 
For the fourth quarter ended December 31, 2020, the digital-first company reported consignment and service revenue of $69.1 million, a 16% decline from $82.5 million, while direct revenue rose 38%, from $11.2 million to $15.5 million.
 
GMV for the quarter totaled $301.2 million, representing a 235bps improvement quarter over quarter, and a 1% year-over-year decrease.

The company’s quarterly net loss came to $53.0 million, or $0.60 per share, compared to a loss of $21.4 million, or $0.25 per share, in the same period in the previous year.
 
“With improving trends in Q4, culminating in December GMV increasing 6% Y/Y, we exited the year with strong momentum,” said The RealReal founder and CEO Julie Wainwright in a release. “Q1 2021 GMV grew 14% Y/Y quarter to date through Feb. 19, 2021, so that momentum continues and we are optimistic about the year ahead.”
 
“Last year, we embarked on strategic initiatives surrounding our neighborhood stores, vendor program and authentication center expansion that will enable us to emerge a stronger company,” she added.
 
In the fourth quarter, The RealReal continued its strategy of opening smaller neighborhood stores with the launch of a location in Palo Alto, California. Since the start of Q1, the company has also opened locations in Brooklyn, New York, and Newport Beach, California.
 
The RealReal intends to open around 10 neighborhood stores by the end of the second quarter.
 
Full-year revenue at the company was $298.3 million, down 6% from $318.0 million in the previous year, as a 4% increase in direct revenue, which totaled $52.6 million, partially offset a decline of 8% in consignment and service revenue, which came to $245.6 million.
 
Annual net loss totaled $177.5 million, or $2.03 per share, compared to a loss of $96.5 million, or $2.11 per share, in the previous year.
 
Looking to the future, The RealReal expects that its GMV will be in the range of $301 million to $310 million, representing a year-over-year increase of 17% to 20%.

Copyright © 2021 FashionNetwork.com All rights reserved.