SAN FRANCISCO, Jan. 19, 2023 (GLOBE NEWSWIRE) -- The RealReal — the world’s largest online marketplace for authenticated, resale luxury goods — today released its 2023 Luxury Consignment Report. The report covers the state of resale over the last six months, charting the shift in customer shopping behaviors due to macroeconomic uncertainty and breaking down the shopping behaviors across each generation.
“A potential recession, the climate crisis, and global unrest are all reasons that, going into 2023, consumers are making shopping decisions based on value – with 66% saying they shop resale primarily to get a good deal – as well as personal values. We’re seeing our members do this in many different ways, from trading down ultra-luxe bags for more accessible options and buying fair condition items to express themselves through fashion and sustainable shopping practices. The value of resale is different for every person – and that’s the beauty of it,” said Rati Sahi Levesque, co-CEO and President, The RealReal.
Derived from data from its 30 million members and 28 million items sold, The RealReal’s 2023 Luxury Consignment Report reveals:
To read The RealReal’s full 2023 Luxury Consignment Report, visit www.therealreal.com.
About The RealReal Inc.The RealReal is the world’s largest online marketplace for authenticated, resale luxury goods, with more than 30 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. We have hundreds of in-house gemologists, horologists and brand authenticators who inspect thousands of items each day. As a sustainable company, we give new life to pieces by thousands of brands across numerous categories—including women's and men's fashion, fine jewelry and watches, art and home—in support of the circular economy. We make selling effortless with free virtual appointments, in-home pickup, drop-off and direct shipping. We do all of the work for consignors, including authenticating, using AI and machine learning to determine optimal pricing, photographing and listing their items, as well as handling shipping and customer service. At our 19 retail locations, including our 16 shoppable stores, customers can sell, meet with our experts and receive free valuations.
TRR Press Contact:pr@therealreal.com
Source: The RealReal