Poshmark’s chief executive say the fashion market is undergoing “real change” as consumer prepare for the post-pandemic world. In an interview the CNBC’s Mad Money programme, Manish Chandra said the online resale platform was seeing shoppers rapidly change their buying habits in preparation for the end of lockdowns.
Disgraced Elizabeth Holmes' Theranos lab coat is selling for $17,000 as she assumes cult status on TikTok, with coffee mugs, face masks and t-shirts all up for grabs
Elizabeth Holmes' blood-testing startup Theranos collapsed in 2018 and she is currently awaiting trial after being charged with fraud The scandal has made Holmes a pop-culture sensation, with her story recounted in an HBO documentary and a best-selling book titled Bad Blood A Theranos lab coat has been listed for $17,000 on Poshmark is 'being billed as 'a piece of biotech history'
Shein is reportedly preparing for a $47 billion Initial Public Offering (IPO) in what would be the largest IPO in history. It is understood the fast-fashion company is expected to submit a prospectus for listing in the near future according to Forbes. Shein has so far denied the rumours of the potential offering however it could follow in the footsteps of fellow fashion brands Dr. Martens, ThredUp and Poshmark in listing this year.
By Press Association 2021 Etsy has said it will buy Depop, an app that is popular among young people looking to buy and sell used clothing and vintage fashions from the early 2000s. New York-based Etsy said it will pay 1.6 billion US dollars for Depop and plans to run it as a standalone company in London, where it is currently based.
Update your summer wardrobe with these summer dresses from Anthropologie, ASOS, Madewell and more Summer is just around the corner and with the CDC updating guidelines for fully vaccinated individuals, you might be considering updating your summer dress, a warm-weather staple that can help you stay cool through increasingly warmer days.
Key Points Poshmark reported first-quarter revenue growth of 42%, as consumers turned to the secondhand site to refresh their wardrobes without breaking the bank.Founder and CEO Manish Chandra said searches for "crop tops" were up 101% year over year in March.Searches for "jean shorts" were up 85%, he said.
Shares of secondhand retailers Poshmark and ThredUp tumbled in extended trading Wednesday, as widening losses overshadowed strong sales growth in a hot category — especially among Gen Z.The increasing interest in secondhand retail has whet investors' appetite to buy into a space that has seen momentum.
Poshmark reported first-quarter revenue growth of 42%, as consumers turned to the secondhand site to refresh their wardrobes without breaking the bank.Founder and CEO Manish Chandra said searches for "crop tops" were up 101% year over year in March.Searches for "jean shorts" were up 85%, he said.
Nivedita Balu and Praveen Paramasivam (Reuters) - Poshmark Inc on Thursday forecast first-quarter revenue below expectations, saying the online marketplace for secondhand goods struggled with deliveries due to a harsh winter and restrictions related to the COVID-19 pandemic.
Serena Williams throws her support behind an Aussie mental health company after calling her friend Meghan Markle 'brave' for speaking out about her suicidal thoughts Serena Williams has thrown her support behind Australian mental health company Black Dog Institute after praising her friend Meghan Markle for speaking out about her own