Poshmark, Inc. Continues International Expansion with Australia Launch
Leading social marketplace extends community and model beyond North America REDWOOD CITY, Calf. — Feb. 16, 2021 — Poshmark (NASDAQ: POSH),
Leading social marketplace extends community and model beyond North America REDWOOD CITY, Calf. — Feb. 16, 2021 — Poshmark (NASDAQ: POSH),
Australia was chosen as Poshmark’s first market outside of North America because it has a well-established thrift-shop culture, high rates of e-commerce adoption and environmentally conscious consumers, Chief Executive Officer Manish Chandra said in an interview. Poshmark, which promotes its shopping as a way to form social ties, also wants to expand the merchandise categories that its users can buy and sell, and announced last week the addition of pet-related goods.
In 2015, the lifelong bargain shopper decided to sell some clothes from her closet to pocket extra cash and make room for new items. Bisorca, 38, downloaded the fashion e-commerce app Poshmark and listed a few pieces of clothing. She made her first sale the same day. A few months later, Bisorca was hit with a large medical bill leaving her feeling hopeless. That’s when she decided to turn her hobby into a real source of income.
Leading social marketplace offers millions of pet owners a fun and social way to shop, sell and connect REDWOOD CITY,
The launch of the pets category means Poshmark’s 70 million users can now pick up pet accessories, supplies, and toys when they shop for other members of the family—all in a dedicated channel. Yes, you can now even easily buy ascots for Fido or sweaters for your passive-aggressive cat.