The RealReal: Luxury Second-Hand Becomes a Profit Magnet – Demand Increases by 30%

The stock of the luxury resale platform has suffered significantly from its high valuation since early 2021. Although the share price increased by 56% in the fiscal year 2021 and by 29% in 2022, the stock experienced a crash from $30 down to $1 during this period. Contributing factors included the US Federal Reserve's shift in interest rates starting in 2022, which compelled many investors to switch to already profitable value stocks, as well as the resignation of founder Julie Wainwright in 2022. However, since May 2023, the stock has been on a...