Hermes Sales Stats on Poshmark
Current Hermes performance metrics on Poshmark (last 30 days)
- Revenue Rank: #30
- Total Revenue: $377226
- Items Sold: 1388
- Average Sale Price: $272
- Unique Sellers: 1053
- Average Sales Per Day: 45
- Average Days to Sell: 27 days
How Hermes Performs on Poshmark
In the past month, Hermes achieved a total revenue of $377,226 from 1,388 items sold, securing a rank of 30 among all brands on Poshmark.
Hermes holds a position in the upper tier of the Poshmark marketplace, competing among 1,000 total brands. This corresponds to a market share of approximately 0.04% based on revenue.
Hermes' revenue of $377,226 is notably lower than the average revenue of top 10 brands at $1,375,901. However, its high average price points suggest strong demand for luxury items within a specialized segment of Poshmark's user base.
| Rank | Brand | Total Revenue | Items Sold | Avg Sale Price | Unique Sellers | Avg Days to Sell |
|---|---|---|---|---|---|---|
| 27 | Ralph Lauren | $413245 | 12518 | $33 | 9652 | 86 days |
| 28 | Disney | $411094 | 19615 | $21 | 12256 | 83 days |
| 29 | Athleta | $384515 | 15546 | $25 | 9723 | 35 days |
| 30 | Hermes | $377226 | 1388 | $272 | 1053 | 27 days |
| 31 | Vuori | $374993 | 9254 | $41 | 5862 | 18 days |
| 32 | Fendi | $370421 | 1560 | $237 | 1269 | 30 days |
| 33 | Polo Ralph Lauren | $368570 | 11495 | $32 | 8122 | 74 days |
Hermes Pricing & Sales Data
Hermes' average selling price of $271.78 is significantly higher than the overall marketplace median of $24, indicating its positioning as a premium brand on Poshmark. This price strategy reflects its exclusivity and appeals to luxury buyers.
The average days to sell for Hermes is 26.54, which is considerably better than the overall average of over 2008 hours to sell on Poshmark. With an average of 44.77 sales per day, Hermes demonstrates a strong sales velocity compared to typical marketplace performance.
Hermes, ranked 30, demonstrates strong performance compared to immediate competitors like Fendi and Tiffany & Co., with an average price almost double that of many competing brands. Compared to Alo Yoga and Ralph Lauren, Hermes maintains a similarly robust revenue despite lower item sales.
Hermes competition on Poshmark
There are 1,053 unique sellers for Hermes, highlighting a diverse community of resellers. While competition is present, high-value items tend to yield higher success rates for sellers, especially in a niche market.
Most Successful Hermes Sellers
- elady - Monthly Revenue: $17792.00
- luxeexec - Monthly Revenue: $14000.00
- mrslulu3 - Monthly Revenue: $5650.00
Should You Resell Hermes on Poshmark? 👍
As a luxury brand with a high average sale price, Hermes is well-positioned for Poshmark resellers targeting affluent consumers. The comparatively low items sold suggest an untapped market potential for diligent sellers.
Considering typical sourcing costs for Hermes items can be high, resellers should focus on sourcing from estate sales or upscale thrift stores, where potential profit margins can be maximized against Poshmark's competitive pricing.
Resellers should be aware of market fluctuations impacting luxury goods, including seasonal demand and the risk of oversaturation within premium categories on Poshmark. Stiff competition within luxury items may also affect pricing strategies.
Tips for Selling Hermes
- Utilize Poshmark's social features by sharing listings frequently to increase engagement and visibility.
- Identify and source Hermes items from exclusive retailers or consignment shops for better pricing strategies.
- Leverage Poshmark's promotional tools, such as bundles, to incentivize higher-value purchases.
- Engage with the Poshmark community by hosting virtual Posh Parties focused on luxury brands to enhance visibility.
- Monitor sales trends closely to adjust pricing strategy dynamically based on seasonal shifts and consumer interest.