One of the basic human needs is clothing, according to Abraham Maslow; which anyone can agree to. It explains the reason why the textile and clothing business is becoming too popular in the powerhouse. For RealReal, they are leading the market in offering the people with the best. RealReal is a company that deals with resale that has grown over the years in the secondhand business because they provide smart and luxury products like handbags, jewelry, clothing, shoes, and many more.
The company focuses on the resale of high quality and affordable products that are in high demand to people of all social classes. The other thing they care about apart from being fashion minded, they have one goal of offering authenticity and sustainability of their products so that they give their customers more than the value of their money but also satisfy them. It’s because they want to ensure that they fulfill the diversionary needs of their clients to making shopping easy that it has ever been. For any shopping customer, they will be keen when it comes to trend, texture, quality, rates, and personal preferences.
In 2018, there was a survey that was carried out about the retail industry, and it uncovered how the business worked. During the investigation, the feedback is that over the years, the customer’s preference changed. The other thing that what in the back days was considered as less chic for being secondhand it’s now in high demand. Ideally, the behavior and preferences of buyers are changing. It has made it easy for people that can’t afford luxury items now they can because of the help of second-hand items. For example, to get a real Gucci product it will be too expensive because of how they are in high demand, however, by using RealReal, a buyer can get the same at an affordable price.
The RealReal Company deals with luxury goods retail and is located in San Francisco. For it to serve its customers, they have two storefronts, one in New York that was launched in 2007, and the other one is located in West Hollywood founded in 2018.
Find out more about The RealReal: https://www.newyorker.com/culture/on-and-off-the-avenue/the-realreals-radical-vision-of-secondhand-luxury
Richard Liu Qiangdong is a longtime entrepreneur who currently oversees the leading Chinese retailer JD.com. He built the company into one of the largest and most successful businesses in the world. In order to build JD.com into a leading retailer, Richard Liu used innovation as well as making it a company that offers ecommerce solutions to consumers.
With this combination, JD became a very popular company in China. he continues to innovate the company by improving on its shipping and logistics operations. Recently, Richard developed drones that ship items by air to the homes of consumers. He has also completed a delivery of fruits from New Zealand as well. These two accomplishments have allowed his company JD to remain as the top retailer in China.
At the beginning of his life, Richard Liu learned the value of hard work from his parents. They emphasized a mentality in him to excel in everything he does. After he completed his education, Richard would go on to complete a college degree in sociology as well as a graduate degree in business at one of China’s top business schools. While he was attending college, Richard Liu Qiangdong learned computer programming as well as opening up a restaurant.
When he first started out in his career, Richard Liu Qiangdong worked in the technology sector. He was a freelance computer programmer for several years. As a freelance computer programmer, Richard was responsible for writing code as well as fixing it for various software programs. With his experience as a computer programmer, Richard would be able to secure employment at a large company. He was hired by Japan Life and served as the director of computing. While his work experience in the technology field was quite rewarding, Richard wanted to pursue entrepreneurship. Go Here to learn more
As an entrepreneur, Richard Liu Qiangdong had founded two successful companies. His first company was a retailer business that sold magneto optics products. After this business closed down, Richard founded JD.com. When he founded JD.com Richard Liu looked to build a company that sold a variety of products through ecommerce. Within a few years, JD emerged as the top retailer in China.