The resale platform is sunsetting its beauty category, which it first began testing in 2018. The existing beauty inventory will continue to be sold before the site shuts down its beauty business.
The move comes as The RealReal is doubling down its focus on luxury consignment in a bid to seek profitability, which it said in 2022 it was on track to hit in 2024. Earlier this year, it announced several cost-cutting measures, including laying off…