This is everything I wanted to know, could not express because I am an E-Fund “winner” and the numbers do not lie. If PMHQ wants to keep the Portal, then it would behoove them to make a separate Retail only closets section. While I am very grateful to have won the E-Fund scholarship, I’m not able to move this merchandise that I bought from the Portal. The ONLY exception to this is Salt Lake Clothing and I had to custom order to move those without marking them down drastically. While the “wholesale” to “retail” is great in theory, in reality it needs an overhaul. IMHO. More later. Thank you Sarah for the insight!
In December 2015, Poshmark decided to launch a new feature: the wholesale portal. Since then, it has experienced mixed results. Sarah and I have had our own experiences on the matter (“I” being Sarah’s significant other), ranging from “not very useful” to “this is harming retail on Poshmark.” As a retailer on Poshmark, we have noticed a few trends:
- The prices on the wholesale portal are ridiculous.
- A lot of retail closets we’ve seen have a “strange” amount of identical items.
- This has led to a lot of retailers slashing their prices.
While we have other supplier sources, the success of the greater Posh retail ecosystem means greater success for us. Its a classic case of clustering. If the retail environment is good on Poshmark, more people will shop retail on Poshmark, and retailers benefit from it. So we wanted to take the opportunity to examine the wholesale portal.
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