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Julie Wainwright

👤 Person
567 total appearances

Appearances Over Time

Podcast Appearances

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

COVID stopped that, but it picked up again. And oddly enough, by the end of April, when it was two weeks, then we were like in it, we didn't know how long we'd be. By the end of April, people started buying handbags and shoes and then other things, but a lot of handbags and shoes and jewelry. All right, let's go back to the necessity to keep product flowing through.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

So 90% of the product flows through in a quarter, which means by the end of everything, April, May, June, The inventory is being depleted very quickly, but it's not being added back because we couldn't pick up products. In California, really the only states that really acted like COVID didn't happen, Florida, Arizona. Florida was, Arizona, not a great big market for the company.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

So 90% of the product flows through in a quarter, which means by the end of everything, April, May, June, The inventory is being depleted very quickly, but it's not being added back because we couldn't pick up products. In California, really the only states that really acted like COVID didn't happen, Florida, Arizona. Florida was, Arizona, not a great big market for the company.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

So 90% of the product flows through in a quarter, which means by the end of everything, April, May, June, The inventory is being depleted very quickly, but it's not being added back because we couldn't pick up products. In California, really the only states that really acted like COVID didn't happen, Florida, Arizona. Florida was, Arizona, not a great big market for the company.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Florida, good, but not of the caliber of the other states. And a little bit of Newport in California, which wasn't big enough. You had these little pockets where like you walk in and you're like,

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Florida, good, but not of the caliber of the other states. And a little bit of Newport in California, which wasn't big enough. You had these little pockets where like you walk in and you're like,

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Florida, good, but not of the caliber of the other states. And a little bit of Newport in California, which wasn't big enough. You had these little pockets where like you walk in and you're like,

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

No, they didn't have the shutdown restrictions. So the company was in trouble.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

No, they didn't have the shutdown restrictions. So the company was in trouble.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

No, they didn't have the shutdown restrictions. So the company was in trouble.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Oh, look, it was surreal because also we had supposedly they were short sellers. So we have one operating op center that's in New Jersey. And at that time, we had a couple in New Jersey, one in Secaucus and one in Perth Amboy. We had the Bay Area one that we needed to leave anyway, the Bay Area, because we'd grown out, but shut down.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Oh, look, it was surreal because also we had supposedly they were short sellers. So we have one operating op center that's in New Jersey. And at that time, we had a couple in New Jersey, one in Secaucus and one in Perth Amboy. We had the Bay Area one that we needed to leave anyway, the Bay Area, because we'd grown out, but shut down.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Oh, look, it was surreal because also we had supposedly they were short sellers. So we have one operating op center that's in New Jersey. And at that time, we had a couple in New Jersey, one in Secaucus and one in Perth Amboy. We had the Bay Area one that we needed to leave anyway, the Bay Area, because we'd grown out, but shut down.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

In fact, when we were just trying to move product to New Jersey so we could process it and give people their returns.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

In fact, when we were just trying to move product to New Jersey so we could process it and give people their returns.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

In fact, when we were just trying to move product to New Jersey so we could process it and give people their returns.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

No, the sheriff showed up and put it like, we're going to throw you guys in jail. I'm like, oh, come on. Anyway, we finally got the product.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

No, the sheriff showed up and put it like, we're going to throw you guys in jail. I'm like, oh, come on. Anyway, we finally got the product.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

No, the sheriff showed up and put it like, we're going to throw you guys in jail. I'm like, oh, come on. Anyway, we finally got the product.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Oh, no, the whole thing was nuts.