- The RealReal, a San Francisco-based on-line luxurious consignment store, simply opened its first brick-and-mortar retailer within the town on Wednesday.
- The corporate specializes in the resale of things from luxurious manufacturers like Louis Vuitton, Supreme, and Gucci.
- The RealReal used to be the primary resale corporate to move public in July 2019. The corporate raised $300 million in its IPO.
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A brand new luxurious consignment retailer is now open within the center of San Francisco.
San Francisco-based The RealReal has held an administrative center within the town’s North Beach district for some time, however, that is the net luxurious resale store’s first brick-and-mortar location within the Bay town.
The resale corporate used to be the primary of its sort to move public — it raised $300 million in its July 2019 IPO.
Its luck proves that there is a marketplace for secondhand luxurious items, as Business Insider’s Bethany Biron reported. According to a Bain & Company record, the USA resale marketplace for luxurious items used to be an estimated $6 billion in 2018.
And due to San Francisco’s deep-pocketed clientele, the shop will are compatible in simply superb within the town’s Union Square retail district.
Here’s what it is like within.