Michael Kors Sales Stats on Poshmark
Current Michael Kors performance metrics on Poshmark (last 30 days)
- Revenue Rank: #36
- Total Revenue: $350374
- Items Sold: 9142
- Average Sale Price: $38
- Unique Sellers: 6641
- Average Sales Per Day: 295
- Average Days to Sell: 78 days
How Michael Kors Performs on Poshmark
In the past month, Michael Kors generated $350,374 in revenue, selling 9,142 items and ranking 36th among 1,000 brands on Poshmark.
Michael Kors occupies 3.5% of the overall marketplace, considering its rank of 36 out of 1000 brands on Poshmark. This position indicates a competitive stance in a crowded market where brand recognition matters significantly.
Compared to the top 10 brands, Michael Kors' revenue is considerably lower than the average of $1,375,901.10, indicating a gap in market share that could represent growth opportunities. Additionally, engaging with buyers through Poshmark's social features may be crucial for better positioning.
Rank | Brand | Total Revenue | Items Sold | Avg Sale Price | Unique Sellers | Avg Days to Sell |
---|---|---|---|---|---|---|
33 | Polo Ralph Lauren | $368570 | 11495 | $32 | 8122 | 74 days |
34 | Tiffany & Co. | $357644 | 1893 | $189 | 1365 | 19 days |
35 | Levi's | $352489 | 14149 | $25 | 10655 | 53 days |
36 | Michael Kors | $350374 | 9142 | $38 | 6641 | 78 days |
37 | Everlane | $305338 | 8564 | $36 | 5511 | 51 days |
38 | Figs | $297210 | 9941 | $30 | 5506 | 17 days |
39 | Celine | $296695 | 1168 | $254 | 970 | 30 days |
Michael Kors Pricing & Sales Data
With an average price of $38.33, Michael Kors is slightly below the Poshmark marketplace average sale price of $40.38 and above the platform’s median sale price of $24. This suggests a mid-range pricing strategy, appealing to buyers looking for affordable luxury.
Michael Kors items take an average of 77.78 days to sell, which is lower than the overall Poshmark average of 2008.52 hours, equating to 83.87 days. This indicates a favorable sales velocity, though it could benefit from further competitive pricing adjustments.
Within the direct ranking range, neighboring brands like Polo Ralph Lauren and Tiffany & Co. show similar revenue figures. Michael Kors must compete with these brands as they vie for customer attention and share of the marketplace.
Michael Kors competition on Poshmark
The brand has 6,641 unique sellers, highlighting a robust seller community contributing to sales. However, this high number of sellers indicates increased competition for listings and visibility.
Most Successful Michael Kors Sellers
- byrevive - Monthly Revenue: $15724.00
- sammi9191 - Monthly Revenue: $2566.00
- marleneluxbrand - Monthly Revenue: $1998.00
Should You Resell Michael Kors on Poshmark? 👍
Michael Kors represents a solid choice for Poshmark resellers due to its established brand, strong sales numbers, and mid-range pricing that attract buyers looking for luxury at a reasonable price.
Resellers can typically source Michael Kors products at moderate costs, allowing for reasonable margins after accounting for Poshmark fees and sale prices, indicating a favorable ROI.
Potential risks include heightened competition among sellers and price sensitivity in the market, especially during off-season months impacting demand.
Tips for Selling Michael Kors
- Optimize listings with high-quality images and detailed descriptions emphasizing brand value.
- Leverage Poshmark's social features by sharing listings frequently to boost visibility.
- Research seasonal trends and adjust pricing strategies to remain competitive.
- Engage with the community through offers and discounts to encourage quicker sales.
- Track successful sales patterns to refine sourcing strategies for future inventory.