The RealReal Is Pausing Store Openings To Let Stores Mature

Brick-and-mortar has been big for The RealReal, according to the resale platform’s earnings report for the second quarter ending on June 30. In addition to reporting a record amount of merchandise moving through the platform, with gross merchandise value up 91% compared to the same period last year, and a total revenue increase of 83%, The RealReal also shed light on how its stores have been performing. 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. Read more at Glossy.