Key Statistics for Figs
The following data represents performance for the last month on Poshmark.
- Revenue Rank: #42
- Total Revenue: $278228
- Items Sold: 9353
- Average Sale Price: $30
- Unique Sellers: 5144
- Average Sales Per Day: 302
- Average Days to Sell: 16 days
Overview of Figs
Last month, Figs generated a total revenue of $278,228.00 with 9,353 items sold at an average price of $29.75. There were 5,144 unique sellers, and the brand ranked 42nd overall.
Market Position of Figs
Figs is performing well in terms of item sales volume and revenue. However, the average revenue per sale is lower than the marketplace average ($29.75 vs. $39.74). The brand's median sale price of $29.75 is above the marketplace median ($23). Figs also has a quicker turnover with an average of 15.55 days to sell compared to the marketplace average of 2021.17 hours.
| Rank | Brand | Total Revenue | Items Sold | Avg Sale Price | Unique Sellers | Avg Days to Sell |
|---|---|---|---|---|---|---|
| 39 | Mac Duggal | $281852 | 1730 | $163 | 742 | 39 days |
| 40 | Cartier | $279891 | 608 | $460 | 476 | 47 days |
| 41 | Everlane | $278840 | 8018 | $35 | 5252 | 50 days |
| 42 | Figs | $278228 | 9353 | $30 | 5144 | 16 days |
| 43 | New Balance | $275623 | 6903 | $40 | 5596 | 55 days |
| 44 | Saint Laurent | $274429 | 720 | $381 | 661 | 51 days |
| 45 | David Yurman | $268061 | 959 | $280 | 686 | 48 days |
Sales Performance of Figs
Figs had a robust sales performance with 301.71 average sales per day. The total revenue of $278,228.00 and 9,353 items sold highlight strong market demand. However, the average price per item is below the marketplace average, indicating potential for higher pricing strategies.
Top Sellers of Figs on Poshmark
Top sellers for Figs include 'lspt' with $2,848.00, 'oaklandpoppy' with $1,068.00, and 'heathercelina13' with $1,068.00. These sellers significantly contribute to the brand's overall performance and exemplify effective sales strategies that other sellers can emulate.
Top Sellers List
- lspt - Revenue: $2848.00
- oaklandpoppy - Revenue: $1068.00
- heathercelina13 - Revenue: $1068.00
Recommendation 👍
Figs has demonstrated strong sales volume and revenue generation. Despite having a lower average price per item compared to the marketplace, the brand’s quick turnover rate suggests high demand and effective sales strategies.
Suggestions for Sellers:
Sellers should consider slightly increasing prices to align closer with marketplace averages. Leveraging promotional strategies and focusing on quick turnover can continue to drive high sales volumes. Observing top performers for best practices can also help optimize individual seller performance.