RealReal’s strong GMV expansion in November is due in component to Black Friday to Cyber Monday with a 49% year-on-year expansion in GMV over the four-day period. enterprise.
The November average order price (AOV) is about $514, an increase of 17% and 10% compared to the same periods in 2020 and 2019, respectively. Women’s watches, men’s watches and handbags were the fastest-developing categories in November.
RealReal believes that GMV and AOV’s monthly disclosure will provide greater transparency regarding the effects of the COVID-19 pandemic on its business. supply GMV and VOV per month until the end of 2021.
The following table shows the expansion rates of gmv and VOV for September, October and November 2021, 2020 and 2019:
The data contained in this press release reflect the initial data available as of the date of this press release.
About The RealReal, Inc. RealReal is the world’s largest online marketplace for authenticated and resale luxury goods, with more than 24 million members. With a rigorous authentication procedure supervised by experts, The RealReal offers a secure and reliable platform for consumers to purchase and sell their luxury parts. We have plenty of gemologists, watchmakers and in-house brand authenticators inspecting thousands of parts every day. As a sustainable company, we give new life to pieces from thousands of brands in many categories, adding women’s and men’s clothing, fine jewelry and watches, art and home, for the economy. circular. We facilitate the sale with single virtual appointments, collection, delivery and door-to-door shipping. We make all the paintings for senders, add authentication, employ artificial intelligence and device learning to get optimal prices, photograph and list your parts, as well as manage shipping and visitor service. , meet our experts and get loose assessments.
Investor Relations Contact: Caitlin HoweVice President, investisseursIR@TheRealReal. com Relations
Press Contact: Erin Santyhead of communicationpr@therealreal. com
Forward-Looking Statements
This press release comprises forward-looking statements relating, among other things, to the long-term functionality of The RealReal that are based on the company’s existing expectations, forecasts and assumptions and involve dangers and uncertainties. In some cases, you can identify forward-looking statements through words such as “may”, “will”, “deserve”, “may simply”, “hope”, “plan”, “anticipate”, “believe”, “estimate,” anticipate “,” intend “,” potential “,” continue “,” in progress “or the negatives of those terms or other comparable terminology. These statements include, however, are not limited to matrix statements about long-term operational effects term, adding the amounts of our reductions in operating and capital expenses and our strategies, plans, commitments, objectives and goals, that is, in the context of the effects of having an effect of COVIDArray -19 pandemic and recent social unrest. The actual effects may differ materially from those intended or implied and the reported effects do not deserve to be taken as an indication of long-term functionality. Other points that may simply cause or contribute to such differences understand, their n should be limited to, the effect of the COVID-19 pandemic on our operations, any failure to generate a source of consignment goods, the stress on costs in the consignment market place as a result of the reduction in the place of the market to place new products, the inability to function properly and successfully our sales and fulfillment operations and other reasons.
More data on points that may be only the effects of the Company’s operations under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Position and Results of Operations” are included in the Company’s recent Peak Annual Report on Form 10-K and the next quarter. reports on Form 10-Q, copies of which can be received by visiting the Company’s online Investor Relations page in https://investor. therealreal. com or the SEC’s online page in www. sec. gov. placed in the forward-looking statements contained in this press release, which are based on data held to the Company as of the date herein. The Company assumes no legal responsibility to update those statements.
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