Circular fashion platforms' annual revenue worldwide in 2023

In 2023, The RealReal was the fashion company based on a circular business model that generated the highest revenue, with roughly 549.3 million U.S. dollars. In that same year there were almost just over 920 thousand active buyers on the platform.

The RealReal’s financial figures

The RealReal is an online marketplace where users can buy and sell authenticated luxury goods second-hand. As of 2023, The RealReal had generated gross merchandise value (GMV) of nearly 1.8 billion U.S. dollars, of which 65 percent was represented by women’s apparel. Rapidly growing in popularity, the platform’s app is downloaded by thousands each month. 

Second-hand shopping in the United States

Over the past couple of years, sales of used merchandise stores have generally risen, consistently hitting the two billion U.S. dollar-mark for each month of 2024. In the same year, four in five U.S. consumers shared that they wanted wearable but unwanted clothes to be reused, showing a supportive attitude towards second-hand clothing.