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Podcast: The Glossy Podcast
Episode: The RealReal’s Rati Sahi Levesque: ‘Last year was a reset year’
Description: Luxury resale company The RealReal, which went public in June 2019, is nearing profitability.“Next year, we will be profitable on a full-year basis,” Rati Sahi Levesque, the company’s president and chief operating officer, said on the latest episode of the Glossy Podcast. And big changes were made to ensure the goal is met: “Last year was really a reset year. [After] looking at our product mix, our operating expenses and our real estate, we rejiggered the business in a lot of ways.”That included making some layoffs, closing some stores and restricting the sourcin...