The Leader In Online Luxury Consignment Announces Their Expansion To Japan

Aug 26, 2013, 11:00 ET from The RealReal

SAN FRANCISCO, Aug. 26, 2013 /PRNewswire/ -- The RealReal, the leader in online luxury consignment, is pleased to announce the launch of The RealReal Japan, to be helmed by newly appointed Chief Executive Officer, Keisuke Seto.

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"Our expansion to Japan validates the success of our high touch and high tech approach to the luxury resale market," says Julie Wainwright, The RealReal Founder and CEO. "We have shipped over 250,000 items in the U.S. market and believe there is a great opportunity in Japan for us to continue changing the way people buy and sell luxury items around the world."

The newest addition is part of The RealReal's continued global expansion plan. With over 1.2 million luxury obsessed members, the site receives 1.5 million visitors per month and an estimated 70 percent of the site's consignors and consumers are repeat customers. The RealReal currently offers its White Glove pick-up service of luxury items, free of charge, to consignors in 15 metropolitan areas throughout the United States including New York City and its surrounding areas - Boston, Washington D.C., Philadelphia, Atlanta, South Florida, Chicago, Houston, Dallas, San Diego, Orange County, L.A., Beverly Hills, San Francisco, and now Japan.

"Our Japanese partners, led by Keisuke Seto, have assembled a great team to lead our efforts in Japan," says Wainwright.

Prior to joining The RealReal Seto served as CEO of Groupon Japan (a subsidiary of Groupon, Inc.) and PrDirect, Inc, a telecom marketing service group. While at Groupon Japan, he led the company from founding and successfully grew the company into one of the largest group-buying platforms in the entire nation.  

The RealReal is a full service retailer offering customers authenticated, pre-owned, designer brands including Chanel, Hermes, Louis Vuitton, Gucci and Cartier, all at up to 90% off original retail. The RealReal takes possession of all items prior to sale in order for its merchandising team, authentication specialists and skilled gemologists to evaluate each item. The company also offers buyers merchandise returns, with an in-house customer service team available to answer specific product questions. Consignors in major U.S. cities can schedule a free pick-up or use the company's direct service through its iPhone consignment app or online form. Consignors make up to 70% of the selling price.

SOURCE The RealReal