US second-hand fashion marketplace Poshmark has bought sneaker authentication platform Suede One for an undisclosed sum. It marks the first acquisition by Poshmark as it continues to establish itself as one of the major players in the burgeoning resale market. “We are laser-focused on making strategic investments that fuel the continued growth...
Oct. 13, 2021
US second-hand fashion platform Poshmark has reported a 22 percent increase in net revenue in the second quarter of the year. For the three months to June 30, revenue increased to 81.76 million dollars compared to 66.87 million dollars a year earlier as its trailing 12 months active buyer numbers increased 16 percent to 7 million. Gross...
Aug. 11, 2021
Poshmark, Inc., a social marketplace for new and secondhand style for women, men, kids, pets, home and more, has appointed Ebony Beckwith, chief philanthropy officer at Salesforce and CEO of the Salesforce Foundation, to its board of directors, effective immediately. With the appointment of Beckwith, Poshmark’s board consists of eight members. “...
Aug. 10, 2021
In this episode, Fashion is your Business has interviewed Manish Chandra and Tracy Sun of Poshmark, an online marketplace for women's fashion. Listen to the podcast below. Source: Fashion is your Business via OmnyStudio
Jun. 8, 2021
Fashion marketplace Poshmark, which launched its IPO at the beginning of the year, has named William Ingham as its first chief people officer. In the new position, Ingham will lead all aspects of the company’s global human resources function, including talent acquisition and retention, rewards and recognition, performance management,...
Mar. 15, 2021
Fashion marketplace Poshmark has revealed the pricing of its IPO. The company said it plans to sell 6.6 million shares of its Class A common stock at 42 dollars apiece. The company is expected to be listed on the Nasdaq Global Select Market on 14 January under the ticker symbol ‘POSH’. It comes after German luxury fashion e-tailer Mytheresa...
Jan. 14, 2021
Poshmark announced that it has filed a registration statement with the SEC to propose an initial public offering of shares of its Class A common stock. The company was first reported to be mulling an IPO in September. The clothing resale marketplace has applied to list its stock on the Nasdaq Global Select Market under the ticker symbol "POSH."...
Dec. 18, 2020
Poshmark, the resale platform for secondhand clothing that has been seeing impressive revenue, has reportedly filed to go public. The news was reported by Bloomberg. The number of shares and IPO price have yet to be determined. Poshmark had been holding off an IPO to focus on boosting sales and other ways to improve sales performance. Poshmark...
Sep. 28, 2020
Consumers consider the resale value of items when they shop. According to Poshmark's recent social shopping report, "2020: The Year of Social Shopping," 76 percent of the platform's users think about an item's resale value before purchasing. Drawing on insights from over 8,000 shoppers surveyed across the U.S. and Canada, the report determined...
Feb. 27, 2020
Peer-to-peer second hand e-tailer Poshmark has appointed tennis champion and fashion designer, Serena Williams to its board of director. In a statement, Poshmark stated that Williams was a “natural fit” to join its board as the company continues to scale its social commerce platform as the tennis star has been an “advisor and investor in...
Feb. 21, 2019
Peer-to-peer second hand e-tailer Poshmark has appointed Steven Tristan Young as its first chief marketing officer, as it continues to expand its executive leadership team to assist with its accelerated growth. Young, a marketing leader and brand strategist for high-growth startups and Fortune 500 companies, has been tasked to lead growth,...
Nov. 20, 2018
New York – Consumers’ habits have changed dramatically since the economic recession hit a decade ago. Online shopping has become the new normal, while more and more consumers turn into savvy thrifters. The result? Second-hand apparel sales are estimated to surpass 40 billion dollars by 2022. Consumers have increasingly turned to second-hand...
Aug. 12, 2018
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