The RealReal opens its fifteenth store in Houston, offering consignment services and luxury item valuations in Montrose.
Quiver AI Summary
The RealReal, the largest online marketplace for authenticated resale luxury goods, has opened a new store in Houston's Montrose Collective, marking its fifteenth brick-and-mortar location and second in Texas. The store is located near popular retailers and aims to enhance the vibrant retail environment of Montrose. Notably, the Houston location will offer personalized consignment services, allowing customers to receive evaluations of luxury items like handbags and jewelry, and will contribute to sustainable shopping practices. The expansion into Houston comes after observing significant growth in the local customer and consignor base, as stated by Chief Merchandising Officer Samantha McCandless. The new store features a 2,727 sq. ft. space at 888 Westheimer Road and is open Monday to Saturday, as well as Sunday.
Potential Positives
- The opening of a new location in Houston strengthens The RealReal's presence in Texas, following the successful launch of their Dallas store.
- This expansion signifies The RealReal's growing customer and consignor base in Houston, highlighting potential for increased revenue.
- The Houston store is part of the high-profile Montrose Collective, positioning The RealReal alongside other prestigious retailers, enhancing brand visibility and prestige.
Potential Negatives
- Expansion into a competitive market like Houston raises concerns about the company’s ability to maintain profitability and market share amidst increasing competition in the luxury resale sector.
- The mention of only recent growth in the Houston market could imply previous difficulties in establishing a foothold, suggesting a potentially unstable business environment.
- Investing in additional physical locations may strain resources and divert attention from the company's primary online marketplace, potentially impacting overall business performance.
FAQ
What is The RealReal's new Houston location?
The new Houston location is at 888 Westheimer Road, Suite 120, within the Montrose Collective project.
How many locations does The RealReal have?
The RealReal now has fifteen brick-and-mortar locations, including two in Texas.
What services does The RealReal offer at its Houston store?
The store offers personalized consignment consultations, handbag and fine jewelry valuations, and luxury resale services.
What are the store hours for The RealReal in Houston?
The store is open Monday to Saturday from 10 a.m. to 6 p.m. and Sunday from 11 a.m. to 6 p.m.
How can I book a consignment appointment with The RealReal?
You can book a consignment appointment by visiting www.therealreal.com/houston for more information.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$REAL Insider Trading Activity
$REAL insiders have traded $REAL stock on the open market 27 times in the past 6 months. Of those trades, 2 have been purchases and 25 have been sales.
Here’s a breakdown of recent trading of $REAL stock by insiders over the last 6 months:
- STEVE MING LO (SVP, Chief Accounting Officer) has traded it 11 times. They made 0 purchases and 11 sales, selling 155,207 shares.
- KAREN KATZ sold 33,000 shares.
- LEVESQUE RATI SAHI (President) has traded it 5 times. They made 0 purchases and 5 sales, selling 46,488 shares.
- TODD A SUKO (Chief Legal Officer and Secrty) has traded it 5 times. They made 0 purchases and 5 sales, selling 27,573 shares.
- LUKE THOMAS FRIANG (Chief Product and Technology O) has traded it 2 times. They made 0 purchases and 2 sales, selling 16,239 shares.
- JOHN E KORYL (Chief Executive Officer) has traded it 2 times. They made 2 purchases, buying 19,919 shares and 0 sales.
- JAMES R. MILLER sold 53,526 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$REAL Hedge Fund Activity
We have seen 82 institutional investors add shares of $REAL stock to their portfolio, and 93 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- KANEN WEALTH MANAGEMENT LLC added 4,124,280 shares (+128.4%) to their portfolio in Q3 2024
- MORGAN STANLEY added 1,154,606 shares (+35.8%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 1,048,060 shares (-51.9%) from their portfolio in Q3 2024
- NORGES BANK added 1,046,924 shares (+inf%) to their portfolio in Q2 2024
- NORTHERN TRUST CORP added 557,691 shares (+243.5%) to their portfolio in Q3 2024
- SQUAREPOINT OPS LLC added 550,557 shares (+1271.3%) to their portfolio in Q3 2024
- BANK OF AMERICA CORP /DE/ added 513,356 shares (+82.1%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Today, The RealReal (Nasdaq: REAL), the world’s largest online marketplace for authenticated, resale luxury goods, is excited to announce the opening of its newest location in Houston’s award-winning Montrose Collective project. This location marks The RealReal’s fifteenth brick-and-mortar location and the second in Texas.
Situated alongside premier retailers such as Reformation, Ganni, Mejuri, and Buck Mason, The RealReal brings its unique approach to luxury resale to one of Houston’s most dynamic retail destinations. Nestled between Mediterranean hotspot Okto and clothier State & Liberty on Grant Street, the store is poised to become a key part of Montrose Collective’s vibrant lifestyle hub.
Samantha McCandless, Chief Merchandising Officer at The RealReal, shares, “We've had our eye on Houston for quite some time as we've seen strong growth in both our consignor and customer base here. We were searching for the perfect neighborhood location—one that feels deeply local, serves the community, and supports our continued growth. Building on the success we've seen with our Dallas store, this expansion allows us to deepen our presence and make a meaningful impact across Texas.”
Store Highlights
Consignment Services
: The RealReal’s expert team will be available to provide personalized consultations and evaluations of luxury handbags, fine jewelry, and watches. The store’s dedicated team makes it seamless for Houstonians to consign and contribute to the circular economy.
Handbag & Fine Jewelry Valuations
: Specialists will be on hand to offer appraisals and valuations, helping customers understand the worth of their luxury pieces.
Store Details
:
Address
: 888 Westheimer Road, Suite 120, Houston, TX 77006
Hours
: Monday to Saturday, 10 a.m. to 6 p.m.; Sunday, 11 a.m. to 6 p.m.
Store Size
: 2,727 sq. ft.
For more information or to book a consignment appointment, visit
www.therealreal.com/houston
.
About The RealReal
The RealReal is the world’s largest online marketplace for authenticated, resale luxury goods, with 37 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 handle 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 shipping and customer service.
Other Store and Luxury Consignment Office Locations
The RealReal's locations span key markets across the country, offering unique consignment and shopping experiences in Brentwood, CA; Chicago, IL (Luxury Consignment Office and Walton St.); Dallas, TX; Greenwich, CT; Los Angeles, CA (Melrose); Manhasset, NY; Marin, CA; Miami, FL; Newport Beach, CA; Brooklyn, NY; New York, NY (Madison Ave, Midtown, and SoHo); Palm Beach, FL; Palo Alto, CA; and San Francisco, CA (Luxury Consignment Office).
Press Contact:
Mallory Johnston
PR@therealreal.com
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
