Key Statistics for Hermes
The following data represents performance for the last month on Poshmark.
- 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
Overview of Hermes
Hermes achieved a total revenue of $377,226 with 1,388 items sold at an average price of $271.78. The brand had 1,053 unique sellers, with an average of 44.77 sales per day. Hermes ranked 30th in the Poshmark marketplace last month, and items took an average of 26.54 days to sell.
Market Position of Hermes
Hermes significantly outperforms the overall marketplace in terms of average revenue per sale. The average Hermes sale price of $271.78 is much higher than the marketplace average of $40.38. Additionally, the average time to sell Hermes items (26.54 days, or approximately 637 hours) is far quicker than the marketplace average of 2008.52 hours, indicating strong demand and liquidity for this luxury brand.
| 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 |
Sales Performance of Hermes
With 1,388 items sold and $377,226 in revenue, Hermes sales are robust, averaging $271.78 per item. The brand's quick turnover time (26.54 days) further highlights its desirability. Despite the high price point, Hermes items continue to sell well and often, with an average of 44.77 sales per day. The high revenue per sale contributes to the brand's strong marketplace position.
Top Sellers of Hermes on Poshmark
Top sellers elady ($17,792), luxeexec ($14,000), and mrslulu3 ($5,650) contributed a combined total of $37,442, accounting for nearly 10% of total Hermes sales. These sellers are likely leveraging strong sourcing strategies and effective marketing techniques. Their performance suggests that there is room for high-revenue sales if sellers can position themselves similarly in the marketplace.
Top Sellers List
Recommendation 👍
Hermes is outperforming the marketplace by a wide margin in terms of average sale price and turnover time, making it a lucrative brand for sellers. The high demand, relatively quick sales cycle, and strong sales numbers justify a positive outlook for those selling Hermes products.
Suggestions for Sellers:
Sellers should focus on sourcing authentic, high-quality Hermes items and consider competitive pricing strategies to attract buyers. Given the shorter days to sell, sellers should also prioritize frequent listings to capitalize on the consistent demand. Additionally, studying top sellers like 'elady' and 'luxeexec' for their successful practices could offer valuable insights for new or mid-tier sellers.