New Balance Sales Stats on Poshmark
Current New Balance performance metrics on Poshmark (last 30 days)
- Revenue Rank: #52
- Total Revenue: $251947
- Items Sold: 6386
- Average Sale Price: $39
- Unique Sellers: 5340
- Average Sales Per Day: 206
- Average Days to Sell: 54 days
How New Balance Performs on Poshmark
New Balance generated $251,947 in revenue over the past month, selling 6,386 items. The brand currently ranks 52 out of 1,000 on Poshmark.
New Balance holds a market share position within the top 1000 brands on Poshmark, specifically ranking 52. This places it in direct competition with brands like American Eagle and Vans, indicating a solid standing within the platform's diverse offerings.
New Balance's revenue of $251,947 shows a notable gap compared to the top 10 brands' average revenue of $1,375,901.10. The significant revenue gap suggests ample room for growth within the Poshmark marketplace, particularly for styles and products that resonate with current fashion trends.
| Rank | Brand | Total Revenue | Items Sold | Avg Sale Price | Unique Sellers | Avg Days to Sell |
|---|---|---|---|---|---|---|
| 49 | Balenciaga | $264759 | 1071 | $247 | 953 | 44 days |
| 50 | Vans | $259496 | 10544 | $25 | 7978 | 67 days |
| 51 | Mother | $259098 | 3871 | $67 | 2976 | 15 days |
| 52 | New Balance | $251947 | 6386 | $39 | 5340 | 54 days |
| 53 | American Eagle Outfitters | $251870 | 15512 | $16 | 11007 | 47 days |
| 54 | Cartier | $249288 | 539 | $463 | 442 | 41 days |
| 55 | Golden Goose | $249244 | 1337 | $186 | 1186 | 29 days |
New Balance Pricing & Sales Data
New Balance's average sale price of $39.45 is aligned closely with Poshmark's overall marketplace average of $40.38, suggesting a mid-range pricing strategy. The brand caters to budget-conscious shoppers while maintaining a quality perception, allowing buyers to expect a reasonable price without venturing into premium territory.
The average days to sell for New Balance items is 53.68, significantly higher than Poshmark's overall average of 2008.52 hours (approximately 84 days). With an average of 206 sales per day, the brand's turnover rate is quite efficient for a marketplace marked by varying item turnover times.
In the Poshmark ranking context, direct competitors include On Running, Vans, and Balenciaga. While New Balance's revenue of $251,947 positions it competitively, its average price point and sales volume reveal a more accessible approach than some higher-priced rival brands, making it appealing to a larger audience.
New Balance competition on Poshmark
New Balance has 5,340 unique sellers, reflecting a competitive environment among resellers. The broad seller base indicates a healthy competition level, providing diverse pricing and inventory strategies that can attract buyers but also necessitates distinct positioning for individual sellers.
Most Successful New Balance Sellers
- karmak1984 - Monthly Revenue: $1282.00
- cobblercloset - Monthly Revenue: $1055.00
- ckskicksthrifts - Monthly Revenue: $936.00
Should You Resell New Balance on Poshmark? 👍
New Balance offers a competitive price point and a sizable volume of sales, making it a favorable choice for Poshmark resellers. The brand's unique seller base allows for various inventory options, fostering opportunities for engaging listings.
Assuming typical sourcing costs are manageable, Poshmark's fees can accommodate the average sale price, enabling attractive ROI for resellers. The sell-through rate, bolstered by consistent demand, reaffirms potential profitability.
Challenges may include saturation from numerous sellers and competition from closely ranked brands. Seasonal trends may also affect sales, requiring sellers to time their inventory based on market demand.
Tips for Selling New Balance
- Engage in active sharing of listings to increase visibility and attract potential buyers.
- Offer bundled deals to encourage higher sales volume per transaction, capitalizing on the brand's wide appeal.
- Utilize Poshmark's social features to cultivate a loyal following, garnering repeat customers and increasing sell-through rates.
- Focus on quality photography and detailed descriptions to stand out in a competitive seller landscape.
- Monitor pricing trends closely to remain competitive without undervaluing your inventory.