The online reseller is laying off 230 workers and pulling back on its expansion into physical outlets.
A case of Chanel bags at The RealReal's Union Square store, May 28, 2022. The company announced job cuts and the store closure in a Securities and Exchange Commission filing.-based luxury goods marketplace that has struggled with a flashy expansion into brick-and-mortar stores, is laying off 230 workers and pulling back on its footprint in the city, according to a regulatory filing Thursday.
The firm will close its 8,000-square-foot Union Square store, which opened in 2020 just weeks before the COVID-19 pandemic forced mass lockdowns. The RealReal will also reduce office space in the city, the filing said. The company's corporate headquarters are in Telegraph Hill. Declining foot traffic at Union Square has resulted in retailers pulling out from the city’s expensive downtown. Many tentpole stores in the area have closed in recent years, including
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
RealReal to cut 7% of staff, or about 230 employeesLuxury reseller RealReal Inc. plans to lay off 7% of its staff, representing about 230 employees, the company disclosed Thursday morning in a filing with the...
Weiterlesen »
Tesla workers in Buffalo move to form a unionTesla workers at a plant in Buffalo, New York, on Tuesday announced a campaign to form what would be the electric car company's first union, setting up a potential clash with CEO Elon Musk.
Weiterlesen »
West Contra Costa Unified and teachers union reach agreementBy Ali Tadayon | EdSource Weeks ahead of a potential strike, West Contra Costa Unified and its teachers union, the United Teachers of Richmond, have struck a tentative contract agreement that gives…
Weiterlesen »
Tesla workers launch union campaign in New YorkTesla workers launch union campaign in New York — via drivingdotca Tesla Autonews IndustryNews
Weiterlesen »
Tesla workers in New York launch union driveTesla workers at the electric vehicle giant's Gigafactory NY in Buffalo announced Tuesday they are launching a unionization effort, seeking higher pay and 'a voice on the job.'
Weiterlesen »