Poshmark launches e-commerce development plan! Increase support for platform sellers

It is learned that according to foreign media reports, Poshmark recently announced its future e-commerce development plan during its annual conference Posh Fest, and announced a new team that will focus on supporting the company's millions of sellers in the United States, Canada, Australia and India.

Poshmark also named its co-founder Tracy Sun as its first senior vice president of seller experience, saying: "Our seller community has changed from a decade ago, with many scaling well beyond casual selling to new levels of success, and we are committed to fueling their ambitions and desire for growth."

Poshmark also debuted two new tools to help buyers and sellers on the platform: My Shoppers, a virtual shop assistant, and Closet Insights, a dashboard that provides sellers with real-time inventory and sales data.

“We want to disrupt the entire e-commerce experience by making it simple and easy to sell online so that everyone can participate in the digital economy,” said Tracy Sun. “We believe the future of shopping lies in the hands of millions of people who are looking for an easy, social and sustainable way to shop, and we want to be their number one destination.”

Research by PYMNTS and Lending Club shows that the second-hand e-commerce market in the United States has huge prospects. Almost 125 million American adults, or 54% of consumers, live paycheck to paycheck, including 70% of millennials and 53% of people with annual incomes between $50,000 and $100,000.

A report released earlier this year by Thred UP and Global Data predicted that in apparel alone, resale is expected to grow 11 times faster than the broader retail apparel industry over the next five years, reaching $77 billion by 2025.

Editor ✎ Xiao Zhu/

Disclaimer: This article is copyrighted and may not be reproduced without permission.