Three things driving Poshmark's business, according to its CEO

01/05/2024 08:16

Resale platforms have exploded in popularity over the last few years. Manish Chandra, Poshmark CEO, joins Yahoo Finance to discuss the driving factors behind the number of resale listings on the platform as well as how the platform is utilizing tech to enhance customer experience. Chandra gives insight into what three factors are driving his business, first being the "drive towards very, very cheap stuff" countered by the desire to have value, quality, and sustainability. "The second thing is, I think. the simplicity of platform is helping, what we've done, what other platforms have done, making shipping, selling protections, all of that, is really, really simple. The third thing in 2023, which has caught us by surprise, is we launched livesrtraming and video shopping, and that has taken and become a pretty big part of our business," Chandra says. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

Chandra gives insight into what three factors are driving his business, first being the "drive towards very, very cheap stuff" countered by the desire to have value, quality, and sustainability. "The second thing is, I think. the simplicity of platform is helping, what we've done, what other platforms have done, making shipping, selling protections, all of that, is really, really simple. The third thing in 2023, which has caught us by surprise, is we launched livesrtraming and video shopping, and that has taken and become a pretty big part of our business," Chandra says.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Nicholas Jacobino