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Industries
Consumer Software
Consumer Goods
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Redwood City, California
Founded
2011
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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Total Funding
$1630M
Above
Industry Average
Funded Over
6 Rounds
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
Last week Poshmark, Inc. announced a new Excessive Listing Removal policy.
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
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.
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
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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Industries
Consumer Software
Consumer Goods
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Redwood City, California
Founded
2011
Find jobs on Simplify and start your career today