Fashion People
RealReal Talk
Mar 21, 2025
Rati Sahi Levesque, CEO of The RealReal and former boutique owner, shares insights on the booming thrifting culture and how luxury consumers are evolving. She discusses the addictive nature of The RealReal's app and the hot trend of collarless Armani blazers. Rati highlights the impact of technology on luxury retail and the rise of secondhand brands like Theory. They also delve into strategic challenges in luxury consignment, including product authentication and the changing perceptions of younger buyers transitioning from fast fashion.
50:45
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Quick takeaways
- The rise of thrifting culture is reshaping luxury consumption, with consumers opting for unique pieces over fast fashion trends.
- Investment in technology, like AI for item authentication, is vital for luxury resale platforms to efficiently meet growing consumer demands.
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