
Online resale platform Poshmark Inc reported on Thursday a 13% uptick in revenues for the first quarter ending March 31, on the back on double-digit active buyer growth and increased gross merchandise value.
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Online resale platform Poshmark Inc reported on Thursday a 13% uptick in revenues for the first quarter ending March 31, on the back on double-digit active buyer growth and increased gross merchandise value.
Poshmark announced on Tuesday that tennis star and businesswoman Serena Williams will step down from its board of directors.
U.S. marketplace Poshmark Inc. said on Tuesday both its fourth-quarter revenues and gross merchandise value surpassed 20%, as the resale site narrowed quarterly losses with a record sales finish to its year 2021.
The luxury resale platform announced on Wednesday that it has raised $33 million in a Series E funding round, bringing the company’s total funding up to $101 million as it plans further expansions to its tech toolkit.
The luxury resale marketplace announced on Thursday that gross merchandise value on its platform totaled approximately $146 million in November, with growth driven by shopping holidays such as Black Friday.
As the online marketplace continues to build out its authentication services, it has acquired the New York-based event organizer and sneakerhead platform’s authentication business for an undisclosed sum.
Poshmark has announced the appointment of former Amazon executive Rodrigo Brumana as chief financial officer, effective December 1, 2021.
Poshmark Inc forecast a downbeat holiday quarter after it missed revenue estimates on Tuesday, as the company battles increasing competition in the booming secondhand apparel space.
Second-hand clothing firms are fighting to snap up smaller rivals and lock in investment as demand for thriftwear booms on the back of supply chain snarl-ups for traditional retailers.
Designer clothing rental service Rent the Runway made its initial public offering debut on Wednesday, opening nearly 10 percent above the initial public offering price, before falling.