Online Luxury Consignment Firm The RealReal Opens Major Warehouse Center In Secaucus, New Jersey
09/17/2014
Company officials said RealReal “moved its east coast processing and fulfillment operations from an over-capacity warehouse in midtown Manhattan to the newly leased warehouse in Secaucus. The state-of-the-art facility will support the tens of thousands of luxury goods The RealReal receives and processes on a monthly basis.”
"We were bursting at the seams of our Manhattan and San Francisco warehouses so the opening of our new Secaucus warehouse could not come at a better time for us operationally," said The RealReal CEO Julie Wainwright. "From an overall brand perspective, the new warehouse represents an exciting milestone of growth and expansion for our thriving business and allows us to support an even greater volume of authenticated luxury goods on a daily basis."
The New Jersey warehouse joins the San Francisco, Los Angeles, and New York City facilities bringing The RealReal's total warehouse space to over 225,000 sq. ft. The luxury resale site, which features the largest marketplace of designer brands such as Chanel and Louis Vuitton, fine watches and jewelry, and fine art, said it has experienced rapid growth since its launch in 2011. This year it more than doubled its revenue, with expectations that growth to continue into the new year and beyond.
The RealReal also introduced the capability to ship its authenticated luxury goods to customers internationally, expanding its footprint globally to 16 major countries in the Americas, Asia, Australia, and Europe.
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