Poshmark has been tracking the items people have been searching in 2021, and released a report with the top trends of the year. Ahead, find the top resale items of 2021, and what pieces to expect in 2022, from Telfar bags to Theory blazers.
Poshmark CEO Manish Chandra joins ‘Closing Bell’ to discuss the outlook for the resale business. He also talks about the impact of Apple’s privacy changes on the business’s marketing spend.
Speaking at the WWD Apparel & Retail CEO Summit held virtually last week, Chandra shared insights on the resale zeitgeist, TikTok-inspired fashion and how brands can get involved in resale. Poshmark is a translation of a real-time zeitgeist if the data is any indication. Streetwear, for one is here to stay. But the real kicker is the influence of TikTok.
So, what does the future of online look like to the CEO of Poshmark? The online resale trend is here to stay if he has anything to do with it. “We believe online resale is a trend that is going to stay. Poshmark provides an easy platform to extend the lifecycle of items, which is good for both people’s wallets and our planet.”
Reseller Poshmark Inc. made its first acquisition, buying a technology platform to expand the authentication process for merchandise that people sell