Poshmark just announced yesterday that they are coming to Canada this year! Hooray!!! They are actually opening up a head office in Canada. I love Poshmark to much! What isn’t clear is whether or not it will be cross-border selling and buying or if it will be partitioned for Canada to Canada sales only. Poshmark has a deal with USPS and prints out pre-paid priority mail shipping labels for each sale which is why it’s the US only right now, so I imagine it will be a similar deal with Canada Post tracked packages. On Poshmark, the buyer always pays the same shipping (unless the seller decides to offer a discount) and If they make it a fully integrated platform, the buyer would have to clearly see that shipping would be a different price and coming from Canada Post, which takes substantially. longer. USPS is fast, cheap and efficient!
For those of you unfamiliar, Poshmark is a social media selling platform where you accumulate followers and shares to promote your inventory, and it has it’s very own culture. Essentially it is mostly female buyers and sellers, and just clothing, shoes and accessories. There are men and men’s items too and children’s clothing but it is a predominately female audience. Sneaker sales are really hot there right now. Another great feature of this selling platform is that shipping fees are an expectation from the buyer, and the buyer or seller can make offers. Sales are brisk for Lululemon on there as well as a lot of other activewear brands that may not perform as well on eBay! Poshmark takes 20% fees from each sale which at first sounds scary, but when you factor in that tracked shipping is included in all of your sales, it’s worth it. eBay is around 15% if you consider the PayPal fee that gets charged, but because Poshmark pays you directly into your account you don’t have the PayPal fees.
Absolutely!! Once Poshmark is in Canada, Canadian sellers have a very unique opportunity to sell Canadian brands such as Roots Canada, Mackage, Line, Sentaler, Lole etc to a US shopper that is eager to find these items which they’ve heard about, but never seen in person.
The reseller culture has transformed over the past 5 years. People are becoming more and more frustrated with fast fashion, and the resale economy is just booming. It’s fun and addicting to sell your own closet, and then use those funds to purchase new to you exciting brands for affordable prices. This introduces consignment items to a shopper that doesn’t like to sift through consignment stores hunting for random treasures, but that is in search
I’m not new to consignment shopping and selling as I’ve been selling my own Lululemon closet (and purchasing vintage Lululemon) for years on eBay. I’ve also purchased many luxury items consignment on sites such as Thredup and Vestiaire Collective and local consignment boutiques but I am new to this culture of selling and buying from a consignment community and am really enjoying it so far.