Key Statistics for New Balance
The following data represents performance for the last month on Poshmark.
- Revenue Rank: #43
- Total Revenue: $275623
- Items Sold: 6903
- Average Sale Price: $40
- Unique Sellers: 5596
- Average Sales Per Day: 223
- Average Days to Sell: 55 days
Overview of New Balance
New Balance had a strong performance on Poshmark last month, generating $275,623 in revenue from 6903 items sold by 5596 unique sellers. The average price per item was $39.93.
Market Position of New Balance
New Balance is positioned well in the marketplace, with an average sale price slightly above the overall marketplace average of $39.74 and significantly higher than the median sale price of $23. Ranking 43rd indicates a solid presence but room for growth.
| Rank | Brand | Total Revenue | Items Sold | Avg Sale Price | Unique Sellers | Avg Days to Sell |
|---|---|---|---|---|---|---|
| 40 | Cartier | $279891 | 608 | $460 | 476 | 47 days |
| 41 | Everlane | $278840 | 8018 | $35 | 5252 | 50 days |
| 42 | Figs | $278228 | 9353 | $30 | 5144 | 16 days |
| 43 | New Balance | $275623 | 6903 | $40 | 5596 | 55 days |
| 44 | Saint Laurent | $274429 | 720 | $381 | 661 | 51 days |
| 45 | David Yurman | $268061 | 959 | $280 | 686 | 48 days |
| 46 | Vans | $267510 | 11080 | $24 | 8440 | 70 days |
Sales Performance of New Balance
New Balance's average price per item of $39.93 is slightly higher than the overall average of $39.74, indicating strong pricing power. Items took an average of 54.58 days to sell, which is much faster compared to the marketplace average of approximately 84.22 days (2021.17 hours). This suggests good demand and turnover for New Balance products.
Top Sellers of New Balance on Poshmark
Top sellers like analyticalrn, karmak1984, and cobblercloset contributed significantly to the overall revenue, with analyticalrn alone generating $5168.00. This indicates that there are highly effective sellers who understand the market dynamics and have optimized their strategies for New Balance products.
Top Sellers List
- analyticalrn - Revenue: $5168.00
- karmak1984 - Revenue: $1262.00
- cobblercloset - Revenue: $1231.00
Recommendation 👍
New Balance's performance metrics like average price per sale and days to sell are better than the marketplace averages, indicating strong demand and effective selling strategies.
Suggestions for Sellers:
Sellers should continue to list New Balance items at competitive prices around the average of $39.93. Focus on maintaining quick turnover by employing effective listing strategies and leveraging the brand's popularity. Top sellers should share their insights with the community to help elevate overall performance.