*By Madison Alworth*
Poshmark, the online second-hand store, has turned selling your old duds into a billion-dollar business, helping more than 4 million people clean out their closets and switch up their wardrobes for some serious cash.
"Social selling has come of age," said Manish Chandra, the CEO of Poshmark, an online social marketplace that encourages its members to "embrace your weirdness."
Sellers use the platform to get rid of the fashions they no longer want and spread their style to buyers who comb the platforms for just the right look.
"They're curating from their own closets and boutiques, but also from other people's closets," said Chandra. "Every day we have 14 million items being curated, every single day. Over a hundred million dollars worth of inventory gets uploaded every week."
The digital thrift shop guarantees two-day priority shipping for a flat $6.49. For packages that exceed five pounds, added shipping costs are paid by the seller.
"Amazon is always going to be a company to be respected, but I think we've built a fairly unique model which plays in so many different ways to our strength," Chandra said.
For the full interview, [click here](https://cheddar.com/videos/poshmark-hits-new-milestone).
AAA predicts a surge in summer 2024 travel, with 44 million travelers, surpassing pre-pandemic levels. Expect more solo trips, AI use, and Taylor Swift.
As Americans prepare for a long weekend of grilling, Impossible Foods wants to put aside the culture wars, win over meat eaters – and IPO when it's 'ready.'
In April, grocery prices rose by 1.2 percent, reaching pre-pandemic levels of food inflation. Could an e-commerce grocer be the solution? Thrive Market says yes
The Recording Academy CEO, Harvey Mason Jr., sat down with Cheddar to discuss what to expect on Sunday, February 2nd 2025 at the 67th Annual Grammy Awards.
Parsing through the latest news might make it feel impossible to tell how the U.S. economy is doing. This analyst's take? We're in the best case scenario.
