By Cappuchino
Apr 12, 2021
You know DJ Khaled always has something up his sleeve. He has teamed with Poshmark to sell off some of his personal wardrobe. And yes he is doing something good with the proceeds. He won t be pocketing the money, instead, the money will go towards We the Best Foundation, which actually helps underserved communities to make them the best they could be. DJ Khaled made the announcement on April 7 about his partnership with the Poshmark app. Khaled posted, Posh Love meets Fan Luv! I’m partnering with @Poshmarkapp, alongside my queen Nicole, to bring you a Poshmark closet featuring my personal collection. All of our proceeds will give back to the We The Best Foundation. Lets go poshing! And if you re trying to purchase, some of the outfits may look familiar because you may have seen a few things from album covers or even videos.
2 Min Read
(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.
Shares of Poshmark, which went public earlier this year, declined 15% in extended trading. They had gained about 42% as of Thursday’s close from their initial public offering price.
Poshmark has benefited from a growing interest in secondhand online shopping, as the economic fallout of the pandemic that ravaged businesses and led to massive job and pay cuts made people more cautious about their spending.
The company said strong demand continued into January, but February sales shrank in certain states due to a severe winter storm that engulfed Texas and nearby states. It also blamed the pandemic for causing delays in delivery of certain orders.
Online fashion marketplace Poshmark Inc
on Thursday forecast first-quarter revenue below
expectations despite beating market estimates for
holiday-quarter revenue, sending its shares down 16% in. | March 11, 2021
Jen Kay/Poshmark
Manish Chandra is the founder and CEO of resale shopping app Poshmark.
He thinks there are certain steps business owners should take to prepare for changing future of the retail industry.
Chandra says online stores should replicate the in-person shopping experience and expand into niche categories.
When he was growing up in India, Manish Chandra, CEO and founder of online secondhand retail marketplace Poshmark, attended the Chandni Chowk market in Delhi with his grandfather. That inspired him to create a platform that would provide a social shopping experience. It
imbued the fact that socializing is part of how we shop, and it s not about just walking in this very sterile environment, Chandra said.
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