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Poshmark Q1 revenues up 13 percent

10 days ago   |   By Fashion United

Image: Poshmark, Inc.
Poshmark, Inc. posted net revenues of 90.9 million dollars in the first quarter of 2022, a 13 percent increase from the first quarter of 2021.
The company's gross merchandise value grew 12 percent to 493.4 million dollars, up from 441 million dollars in the same period last year.
“We continue to innovate for both buyers and sellers and completed the rollout of our Shop by Trend feature as well as a redesign of our feed and shop tabs during the first quarter,” said Manish Chandra, founder and CEO of Poshmark.
For the trailing 12 months, Poshmark's active buyers reached...
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Restoque revenues grow by 35.4 percent in Q1

10 days ago   |   By Fashion United

Image: Le Lis, Facebook
Restoque ended the first quarter with a gross margin of 57.3 percent and revenue of 283.7 million Brazilian real, up 35.4 percent against the first quarter of 2021.
The company said in a release that despite a reduction in the store base of 14.1 percent versus the first quarter of 2021 and 25.8 percent versus Q120 and the negative impact of the Omicron variant in January and February, positive sales performance in the stores and websites in March allowed Restoque to grow its gross margin.
Same store sales were 47.6 percent, while online sales, which have been...
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