The RealReal reported a 56% increase in revenue

for a strong holiday season. This optimism was reflected in their financial results for the fourth quarter and full year ended December 31, 2022. The RealReal reported a 13% increase in gross merchandise value (GMV) for the fourth quarter and a 23% increase for the full year compared to the same periods in 2021.

The company’s success can be attributed to its unique business model, which is largely insulated from supply chain shortages and certain inflationary impacts that many retailers are experiencing.

The RealReal follows a traditional consignment model, where individual consigners send items to be sold on the platform or bought directly for cash or site credit. The company also offers a selective concierge service, where it goes into consigners’ closets and hand-picks items.

As a sustainable company, The RealReal gives new life to pieces from thousands of brands across various categories, including women’s and men’s fashion, fine jewelry and watches, art, and home décor…