×
74 449
Fashion Jobs
NORDSTROM
Asset Protection - Agent - Southcenter Square Rack
Permanent · Tukwila
NORDSTROM
Asset Protection - Agent - Nyc Flagship
Permanent · New York
NORDSTROM
Retail Stock - Valencia Promenade Rack
Permanent · Santa Clarita
NORDSTROM
Asset Protection - Agent - Buckhead Station Rack
Permanent · Atlanta
DECKERS
Full Time Stock Lead, Deckers Brands
Permanent · VENTURA
JCREW
Analyst - Information Security
Permanent · New York
BLOOMINGDALE'S
Manager, Sales - Jewelry/Fashion Access
Permanent · New York
SACK OFF 5TH
Asset Protection Door Guard
Permanent · LAWRENCEVILLE
SACK OFF 5TH
Asset Protection Investigator
Permanent · HANOVER
SACK OFF 5TH
Asset Protection Supervisor
Permanent · LIVERMORE
SACK OFF 5TH
Asset Protection Investigator
Permanent · ORLANDO
UNDER ARMOUR
Stock Lead, pt
Permanent · ELLENTON
UNDER ARMOUR
Stock Teammate, Part-Time 5am-1pm Shift, $16.75 Per Hour
Permanent · LIVERMORE
THE REALREAL
Single Market Sales Account Executive (Single Market Luxury Manager)
Permanent · West Chester
TO THE MARKET
Import Logistics Manager
Permanent · LEXINGTON
FABLETICS
Assistant Stylist/Product Coordinator
Permanent · EL SEGUNDO
URBN
Anthropologie Senior Manager, CRM
Permanent · PHILADELPHIA
URBN
sr Events Manager (m&v)
Permanent · DEVON
NEIMAN MARCUS
Loss Prevention Investigator
Permanent · Denver
UNDER ARMOUR
Stock Teammate, Part-Time, 5am Tuesday-Saturday Shift, $15.25 Per Hour
Permanent · SAN DIEGO
UNDER ARMOUR
Stock Lead, ft
Permanent · GRAPEVINE
BLOOMINGDALE'S
Asset Protection Detective, Full Time - Aventura
Permanent · MIAMI
Published
May 13, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Poshmark sales lift on increased active buyers, social interactions

Published
May 13, 2022

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 (GMV).

Poshmark


The Redwood City, California-based company said total revenues for the quarter reached $90.9 million for the three months, compared to  ​$80.7 million in the first quarter of 2021. GMV grew to $493.4 million, an increase of 12% year-over-year from $441 million last year, marking the 17th consecutive quarter of GMV growth for the company.

Trailing 12 months active buyers reached a record 7.8 million, a 16% year-over-year increase from 6.7 million in the first quarter last year. 

Poshmark said its social marketplace is "defining a new, more human way to shop online by making the shopping and discovery experience interactive and social."

As a result, social interactions grew 59% year-over-year to a record 50.7 billion during the trailing-twelve-months ended March 31, 2022.

"We continue to innovate for both buyers and sellers and completed the rollout of our 'Shop by Trend' feature as well as a redesign of our feed and shop tabs during the first quarter,” said Manish Chandra, founder and chief executive officer of Poshmark.

“Our investments in product innovation and marketing contributed to record active buyer growth to 7.8 million in the first quarter, up 16% from the same period last year.”

In terms of profit, Poshmark narrowed losses to $14 million for the quarter, compared to a net loss of $20.1 million last year. This included $8.7 million and $24.1 million in stock-based compensation, respectively.

Looking ahead, Poshmark said it expects second quarter revenues to fall between $86 million and $88 million.
 

Copyright © 2023 FashionNetwork.com All rights reserved.