Poshmark Hits $100M In Annual Revenue For Its Fashion Resell Biz, Begins Luxury Goods Authentication

Fashion marketplace Poshmark, which lets women shop for items sold from others’ closets, is now able to authenticate the purchases of luxury goods through a new service it’s calling “Posh Concierge.” The addition puts the previously peer-to-peer marketplace on a more even playing field with regard to competitors in the luxury goods/high fashion resale space like The RealReal, thredUP, Twice and others.

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