Luxe Sales Stats on Poshmark
Current Luxe performance metrics on Poshmark (last 30 days)
- Revenue Rank: #246
- Total Revenue: $60515
- Items Sold: 35
- Average Sale Price: $1729
- Unique Sellers: 29
- Average Sales Per Day: 1
- Average Days to Sell: 411 days
How Luxe Performs on Poshmark
Luxe achieved a total revenue of $60,515 on Poshmark last month, selling 35 items and ranking 246th among all brands on the platform.
Luxe holds a position within the top 250 brands on Poshmark, having a market share of 0.06% based on its revenue. This indicates that while Luxe is a niche player, it maintains recognition among resellers and buyers.
The revenue gap between Luxe and Poshmark's top 10 brands, which have average revenues exceeding $1.3 million, illustrates a significant opportunity for growth. Luxe's performance indicates a niche but loyal customer base amid changing marketplace dynamics.
| Rank | Brand | Total Revenue | Items Sold | Avg Sale Price | Unique Sellers | Avg Days to Sell |
|---|---|---|---|---|---|---|
| 243 | Christy Dawn | $61392 | 453 | $136 | 391 | 40 days |
| 244 | Ralph Lauren Purple Label | $60590 | 395 | $153 | 263 | 66 days |
| 245 | Gymshark | $60550 | 3221 | $19 | 2174 | 14 days |
| 246 | Luxe | $60515 | 35 | $1729 | 29 | 411 days |
| 247 | Zadig & Voltaire | $60357 | 727 | $83 | 624 | 58 days |
| 248 | Jacquemus | $59354 | 285 | $208 | 259 | 97 days |
| 249 | Alexander Wang | $59296 | 500 | $119 | 462 | 79 days |
Luxe Pricing & Sales Data
With an average price of $1,729, Luxe operates at a premium pricing strategy compared to the overall marketplace median sale price of $24. This suggests that Luxe's offerings are targeted at a higher-end consumer base within Poshmark.
Luxe's average days to sell are 410.62, significantly higher than the overall marketplace average of 2008.52 hours, indicating a slower sales cycle. The average sales per day at 1.13 also reflects slower movement compared to the marketplace average of 670.88.
Luxe's immediate competitors in the ranking range include Nili Lotan and Christy Dawn, which have significantly higher revenue and sales volumes. This disparity indicates that Luxe operates in a competitive segment where capturing market share may be challenging.
Luxe competition on Poshmark
Luxe has 29 unique sellers, indicating a diverse landscape of sellers. The success rate, driven by a few top sellers, shows that competition is managed but could also emphasize the need for strategic pricing and marketing.
Most Successful Luxe Sellers
- andrews777 - Monthly Revenue: $59994.00
- me2usunshine - Monthly Revenue: $46.00
- masha18 - Monthly Revenue: $40.00
Should You Resell Luxe on Poshmark? 👎
Given Luxe's slow sales velocity and high average days to sell, it may not be the best option for new or less experienced Poshmark resellers. The significant revenue gap with competitors also suggests limited growth potential in immediate terms.
While Luxe products sell at high prices, sourcing costs may be substantial, impacting ROI when considering Poshmark’s fees. High price points can lead to lower sell-through rates, limiting consistent profitability.
Competition is strong in Luxe's category, with established sellers dominating. Seasonal trends on Poshmark can also impact slow sales, especially for premium brands that may not align with broader consumer spending behaviors.
Tips for Selling Luxe
- Focus on enhancing item visibility through strategic sharing and engaging with potential buyers on Poshmark's social features.
- Utilize social proof by highlighting positive seller feedback and building a personal brand to attract buyers.
- Consider pricing strategies that offer discounts or bundles to incentivize purchases due to the slower sales cycle.
- Optimize listings with high-quality images and detailed descriptions to appeal to higher-end buyers.
- Stay updated on Poshmark's trends and seasonal demands to adjust inventory and marketing strategies accordingly.