Latest news with #luxuryresale
Entrepreneur
2 days ago
- Business
- Entrepreneur
Entrepreneur UK's London 100: Sign of the Times
Sign of the Times is a full-service luxury resale marketplace that provides scalable, seamless solutions offering a comprehensive B2C service for individual buyers and sellers Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur United Kingdom, an international franchise of Entrepreneur Media. Industry: e-commerce Sign of the Times is a full-service luxury resale marketplace. The start-up provides scalable, seamless solutions to major UK retailers like John Lewis and Farfetch for their preloved luxury offerings, while also offering a comprehensive B2C service for individual buyers and sellers. In the past five years, Sign of the Times has expanded into 40 countries, with a flagship store in Chelsea, an e-commerce platform, and concessions in Sloane Square and Oxford Circus, plus integration with 10+ marketplaces. They've extended the lifecycle of over 350,000 clothing items, preventing them from going to landfill. Their focus on sustainability powers resale initiatives for top retailers and supports the circular fashion movement. Leveraging custom-built technology, including machine learning for authentication, Sign of the Times has optimised operations and reduced costs. Recognised with three Drapers Awards and generating 9.5m views from viral campaigns, the start-up is endorsed by influencers like Leonie Hanne and Chiara Ferragni. Sign of the Times targets 300% growth in the next 3 years to lead the UK luxury resale and circular fashion market.
Yahoo
10-05-2025
- Business
- Yahoo
The RealReal's Sales and Profits Rise in Q1, but Investors Want More
The RealReal Inc. showed some forward momentum in the first quarter — and stuck by its financial guidance for the year — but Wall Street wanted something more. Shares of the luxury resale pioneer slipped 10.8 percent to $6.50 in after-hours trading on Thursday as investors took in the company's latest results. More from WWD RealReal CEO Salary: Rati Levesque's Pay Rises to $11.5M How CEO Rati Levesque Is Rebuilding at The RealReal The RealReal Hits Financial Milestone With Adjusted EBITDA for 2024 Revenues rose 11 percent to $160 million for the quarter, while gross merchandise volume hit $490 million. Net income was $62 million, up from losses of $31 million a year earlier, reflecting a big change in the fair value of the company's warrant liability. Adjusted earnings before interest, taxes, depreciation and amortization totaled $4.1 million for the quarter. The company also saw its active buyer count rise 7 percent to 985,000. Rati Levesque, chief executive officer of The RealReal, said the quarter was strong and that resale was well positioned to weather the trade war. 'We are reaffirming our full year 2025 guidance despite the uncertainties from tariffs and a less predictable backdrop,' Levesque said. 'We occupy a unique position at the intersection of luxury and value, and we source our supply primarily from domestic closets, so there is potential to realize benefits in the current environment. Our strategy is working; we believe our brand is strong and we have built flexibility into our operations that enables us to effectively navigate a range of conditions.' The company continues to expect revenues of $645 million to $660 million this year, with adjusted EBITDA of $20 million to $30 million. Best of WWD Harvey Nichols Sees Sales Dip, Losses Widen in Year Marred by Closures Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist Zegna Shares Start Trading on New York Stock Exchange
