Luxury goods company RealReal to open Perth Amboy warehouse

Luxury goods consigner The RealReal Inc. said it will set up shop in Perth Amboy, a move that will employ 770 workers, the Economic Development Authority announced Wednesday.Luxury goods consigner The RealReal Inc. said it will set up shop in Perth Amboy, a move that will employ 770 workers, the Economic Development Authority announced Wednesday. 

The RealReal, which sells “high-end resale clothing and home furnishings” online, signed the lease to occupy a 492,000-square-foot warehouse in Perth Amboy, where it will base its fulfillment center, the EDA said.

“Much of The RealReal’s success comes from the ability to turn inventory around quickly, and New Jersey is ideally situated to support our growing operations in the U.S.,” said Julie Wainwright, the company’s CEO, in a written statement. “The state’s vast pool of skilled talent will enable our recruiting efforts to keep pace with our expansion.”

The Department of Labor and Workforce Development put up two training grants of $110,000 in 2017 and 2018 for The RealReal, along with six on-the-job training grants, according to the EDA.

“New Jersey is well-positioned to support the growth of companies like The RealReal that are built around novel concepts that are catching the eye of a new generation of consumers,” Gov. Phil Murphy said in a statement.

“Growing companies like The RealReal are recognizing the logistical advantages of establishing operations in New Jersey,” NJEDA CEO Tim Sullivan added. “New Jersey offers proximity to major highways, ports and airports, and access to our skilled workforce will enable The RealReal to quickly find the many employees it needs to continue its expansion.”