*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).
His Royal Highness Prince Emanuele Filiberto Di Savoia, Prince of Venice, joined Cheddar to discuss his new game that lets everyday folks feel like a royal.
GJ Hart, CEO of Red Robin, discusses the company's place in the "value wars," what's next for the restaurant and his thoughts on Shake Shack in the sky. Watch!
Chiza Vitta, Managing Director Global Analytics at S&P Global Ratings joined Cheddar to discuss S&P's recent Megatrend findings and other 2025 predictions.
Greg O'Hara CEO at Certares joined Cheddar to discuss his personal experience with Wellness Tourism and his predictions for the future of the growing industry.
Meghna Maharishi, Airlines Reporter at Skift, answers your biggest questions about what is happening since Spirit Airlines filed for bankruptcy. Watch!
Managing Director at Wells Fargo, Adam Davis, joins Cheddar to discuss how both the consumer and retailer are approaching shopping's busiest time of the year.