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Fashion Jobs
AESOP
Retail Consultant | Part-Time (60%) | Aesop nk Stockholm, Sweden
Permanent · Stockholm
AESOP
Retail Consultant | Full Time | Aesop nk Stockholm, Sweden
Permanent · Stockholm
PUMA
Junior Manager go-to-Market Operations Nordic
Permanent · Solna
PUMA
Senior Marketing Manager Cobra Puma Golf Europe
Permanent · Solna
PUMA
Strategic Key Account Manager Pure Players
Permanent · Solna
LEVI'S
Key Account Manager
Permanent · Stockholm
SANDRO SUÈDE
Sales Assistant - 5 Hours - Bibliotekstan m/f
Permanent · STOCKHOLM
SANDRO SUÈDE
Sales Assistant - 23 Hours - Stockholm Biblioteksgatan m/f
Permanent · STOCKHOLM
RITUALS
Butikschef (Vikariat) - Stockholm - Farsta Centrum
Permanent · Stockholm
RITUALS
Assisterande Butikschef (Vikariat) - Jönköping - Jönköping City
Permanent · Jönköping
RITUALS
Butikssäljare - Mölndal - Mölndal Galleria
Permanent · Mölndal
RITUALS
Butikssäljare - Frölunda Torg
Permanent · Gothenburg
RITUALS
Butikssäljare - Varberg - Galleria
Permanent · Varberg
CLAUDIE PIERLOT SUÈDE
Supervisor - 38, 25h - Permanent - Stockholm m/f
Permanent · STOCKHOLM
RITUALS
Butikssäljare - Stockholm - Täby Centrum
Permanent · Täby
RITUALS
Butikssäljare - Växjö - Tegnér
Permanent · Växjö
RITUALS
Butikssäljare - Farsta - Farsta Centrum
Permanent · Stockholm
RITUALS
Butikssäljare - Sollentuna - Sollentuna Centrum
Permanent · Sollentuna
SANDRO SUÈDE
Sales Assistant - 5 Hours - nk Femme m/f
Permanent · STOCKHOLM
SANDRO SUÈDE
Sales Assistant - 15 Hours - nk Womenswear m/f
Fixed-term · STOCKHOLM
ESTEE LAUDER
Multi Brand / Mac Cosmetics - on Call - Emporia Kicks, Malmo
Permanent · Malmö
BA&SH
Sales Assistant - Stockholm
Permanent · STOCKHOLM
By
Reuters API
Published
Nov 10, 2021
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Poshmark forecasts holiday-quarter revenue below estimates, shares plunge

By
Reuters API
Published
Nov 10, 2021

Poshmark Inc forecast a downbeat holiday quarter after it missed revenue estimates on Tuesday, as the company battles increasing competition in the booming secondhand apparel space.


Poshmark said revenue rose 16% to $79.7 million in the third quarter ended Sept. 30, missing analysts' average estimate of $82.7 million - Photo: Poshmark


Shares in the company, which went public in January, fell 18% in extended trading, a day after rivals ThredUp Inc and RealReal both beat third-quarter revenue estimates.

With traditional retailers facing a shortage of new clothing at stores, competition to attract customers has been intensifying among resale platforms that have been relatively insulated from supply chain issues.

ThredUp forecast fourth-quarter revenue above estimates and said it was lowering prices to attract customers at a time traditional clothing retailers have been increasing rates to counter surging costs and supply bottlenecks.

Deep pocketed and established apparel brands such as Levi Strauss & Co and Urban Outfitters Inc have also launched their own secondhand businesses, furthering competition in the space.
Poshmark, which relies on social media marketing to draw in shoppers, has also been hurt by Apple Inc's new privacy controls, which makes it harder for third-party apps to track iPhone users without their consent.

The company forecast fourth-quarter revenue of $80 million to $82 million, compared with analysts' estimates of $85.2 million, according to IBES data from Refinitiv.

Poshmark said revenue rose 16% to $79.7 million in the third quarter ended Sept. 30, missing analysts' average estimate of $82.7 million.

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