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The demand for resale is huge. Why are online secondhand clothing platforms struggling?

Oct 17, 2024
For clothing resale sites like Poshmark, ThreadUp or Depop, "it's really hard to overcome the math not working," says Amanda Mull of Bloomberg.
U.S. shoppers, especially those under 40, have an appetite for vintage and used clothing, yet online selling platforms haven't found a way to turn consistent profits.
Matt Cardy/Getty Images

Online market Poshmark rides high on IPO day

Jan 14, 2021
Lots of people are turning to their stuff to make money during the pandemic.
Poshmark said its users doubled from 2018 to June 2020.
Poshmark