Long House Studio

The RealReal is Changing the Lavish Lifestyle

Luxury is a lifestyle that not everyone can afford. However, a company called The RealReal is changing the standard. With the luxury business being worth around $1.5 it is no wonder that everyone wants a piece. The RealReal isn’t just selling luxury items though they are rehoming forgotten pieces, so they can be appreciated once again. A high-end consignment service the online retail site currently has one brick and mortar store in SoHo. They were able to raise a whopping $115 with Series G Funding, helping to bring the total raised $288 million. With the new funds The RealReal has big plans to expand their brick and mortar presence along with building new fulfillment centers. The company is only seven years old based in San Francisco. Online shopping is becoming more and more popular, with online sales thriving they are expected to be worth $41 billion in just four years, in the year 2022. Companies like The RealReal, Poshmark, and Thredup will more than likely own one-third of closets across the world by the year 2027. The RealReal has changed the luxury game not just for sellers like Gucci or Luis Vuitton but also for consumers that have a longing for the finer things in life. People no longer have to save up to buy that one handbag a year and then get tired of it a few months later; now you can sell your items with The RealReal in order to get something else sooner. It saves luxury items from going unloved and forgotten, while helping the customers to enjoy the items at a cheaper cost for just what they dreamed of having. With such a generous chunk of change The RealReal will be able to change the game once again. Opening luxury consignment shops in Manhattan and across the world. They are also working on creating their own brand of luxury to sell along with their consignment items. A concept shop will open in LA on July 31, so be on the look out for how you can get your hands on your own lavish lifestyle.