Poshmark

Poshmark

Social marketplace for buying and selling fashion

About Poshmark

Simplify's Rating
Why Poshmark is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Consumer Software

Consumer Goods

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Redwood City, California

Founded

2011

Overview

Poshmark is a social marketplace that allows users to buy and sell new and secondhand fashion items, including clothing, accessories, and home goods. The platform operates by enabling individuals to list items for sale, while buyers can browse and purchase these items easily. Poshmark generates revenue through a commission-based model, charging a flat fee for sales under $15 and a 20% commission for sales of $15 or more. This straightforward approach ensures that the company earns from every transaction. Recently, Poshmark has expanded its services to include partnerships with large brands, enhancing the variety of products available and appealing to major retailers interested in social commerce. This initiative supports a circular economy by promoting the reuse and recycling of fashion items. Poshmark distinguishes itself from competitors through its strong community engagement and focus on social commerce, making it a unique player in the e-commerce sector.

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Simplify's Take

What believers are saying

  • Partnerships with Loop and ReturnQueen enhance Poshmark's resale and sustainability initiatives.
  • Posh Party LIVE events create interactive and engaging shopping experiences for users.
  • Collaborations with eco-friendly brands attract environmentally conscious consumers to Poshmark.

What critics are saying

  • Recent fee structure changes may have caused dissatisfaction among Poshmark's user base.
  • The Excessive Listing Removal policy might alienate sellers, reducing active listings.
  • Competition from platforms offering similar resale services could dilute Poshmark's value proposition.

What makes Poshmark unique

  • Poshmark combines social media elements with e-commerce for a unique shopping experience.
  • The platform supports sustainable fashion through partnerships with brands like Reformation.
  • Poshmark's commission-based model ensures revenue from every transaction on its platform.

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Funding

Total Funding

$1630M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

A comprehensive health care and benefit plan

Health & wellness

Remote work support

Flexible vacation and paid time off

Parental and family leave

401K plan

Fun company parties and offsite events

Personal style encouraged (or not, whatever you're into.)

Learning and development for career growth

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Poshmark
Apr 28th, 2025
New Policy Details

Last week Poshmark, Inc. announced a new Excessive Listing Removal policy.

PR Newswire
Apr 22nd, 2025
Returnqueen Partners With Poshmark To Help Shoppers Resell Past-Due Returns With Ease

RAMSEY, N.J., April 22, 2025 /PRNewswire/ -- ReturnQueen, the leading on-demand return pickup service, is thrilled to announce a new partnership with Poshmark, a leading fashion resale marketplace. This collaboration introduces a seamless resale option within the ReturnQueen app, making it easier than ever for shoppers to turn past-due returns into cash

Chain Store Age
Jan 9th, 2025
Poshmark accepting rejected returns for resale

Other programs Poshmark has launched to help promote resale transactions include Posh Party Live, a real-time shopping event that allows buyers and sellers to sell, shop, and share curated merchandise via livestream.

PYMNTS
Jan 8th, 2025
Poshmark Partners With Loop To Resell Non-Returnable Items

Online fashion resale market Poshmark launched a partnership with returns-focused commerce platform Loop.According to a Wednesday (Jan. 8) press release, the collaboration is designed to offer an alternative to what the companies said is a common customer pain point: missing a return window or trying to return a final sale item.“At Poshmark, we believe shopping and selling should be simple, social and sustainable,” Poshmark Chief Marketing Officer Steven Tristan Young said in the release. “After observing an increase in Poshmark listings mentioning missing the return window, we saw an opportunity to create a sustainable solution. Partnering with a market leader like Loop allows us to offer resale as an alternative, creating a more convenient experience for both buyers and sellers, putting money back in their wallets, and keeping more items in circulation.”Open to shoppers across Loop’s merchant network, the partnership — a first for Loop merchants — offers consumers a way to resell non-returnable items on Poshmark. It allows consumers to sell unwanted items, gives merchants a revenue stream, and aligns with the fashion industry’s push to “reduce waste and promote sustainability,” the release said.The tie-up comes amid a surge in retail returns. One estimate showed a 28% increase in return rates between the 2023 and 2024 holiday shopping seasons.Returns have become a fixture of the January retail landscape, to the point that analysts have nicknamed the month “Returnuary” as consumers begin to realize “that the reality of returns as a function of commerce is more of a feature of the landscape than it is a bug.”Last year, returns made up $743 billion, or 14.5%, of the $5.13 trillion of reported retail sales, versus 8.8% in 2012, an increase of 60%.“For savvy eCommerce players, returns can ultimately represent an opportunity to reinforce customer loyalty, optimize operations and innovate for the future,” PYMNTS wrote

PR Newswire
Jan 8th, 2025
Poshmark Announces Partnership With Loop To Transform Missed Returns Into Resale Opportunities

The leading fashion resale marketplace empowers consumers to turn non-returnable items into cash, doubling down on commitment to sustainability amid stricter return policiesREDWOOD CITY, Calif. and COLUMBUS, Ohio, Jan. 8, 2025 /PRNewswire/ -- Poshmark, a leading fashion resale marketplace powered by a vibrant community, together with Loop, the leading commerce operations platform for Shopify brands, today announced a first-of-its-kind partnership that addresses a common consumer pain point — missing a return window or attempting to return a final sale item — by offering a sustainable and financially rewarding alternative to recoup expenses. Available to the millions of U.S. shoppers across Loop's network of merchants, this partnership creates a path for consumers to quickly and easily resell non-returnable items on Poshmark, transforming a negative returns experience into a positive one while in turn creating new revenue streams for the merchants. This innovative resale integration is a first for Loop's merchants, marking a significant step forward in the fashion industry's efforts to reduce waste and promote sustainability.Retailers are grappling with the rising costs and environmental impact of returns, where many have tightened their return policies to mitigate these costs

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