How well Men's Suits & Blazers sell on Poshmark

Table of Contents

• Key Statistics for Men's Suits & Blazers
• Overview of Men's Suits & Blazers
• Market Position of Men's Suits & Blazers
• Sales Performance of Men's Suits & Blazers
• Top Sellers in Men's Suits & Blazers on Poshmark
• Recommendation

Key Statistics for Men's Suits & Blazers

The following data represents sales data for the last month on Poshmark.

• Revenue Rank: #37
• Total Revenue: $233258.0
• Items Sold: 3597
• Average Sale Price: $64.85
• Unique Sellers: 2466
• Average Sales Per Day: 116.03
• Average Days to Sell: 97.77 days

Overview of Men's Suits & Blazers

Men's Suits & Blazers generated $233,258 in revenue from 3597 items sold, with an average sale price of $64.85. The category involves 2466 unique sellers and takes an average of 97.77 days to sell an item.

Market Position of Men's Suits & Blazers

Men's Suits & Blazers ranks #37 in revenue, with a significantly higher average sale price ($64.85) compared to the marketplace average ($39.74). The category's time to sell (97.77 days) is well below the marketplace average (84.22 days, converted from 2021.17 hours), indicating faster turnover. This suggests a strong niche with high-value transactions and relatively efficient sales velocity.

Sales Performance of Men's Suits & Blazers

The category's average sale price of $64.85 is 63.2% higher than the all-category average of $39.74, and the median sale price in Men's Suits & Blazers is likely far above the overall marketplace median of $23, suggesting a premium market. However, with 3597 items sold and 116.03 average daily sales, the volume is moderate. The average time to sell is much faster than the marketplace overall, indicating strong demand relative to other categories.

Top Brands in Men's Suits & Blazers on Poshmark

1. J. Crew - Revenue: $13804.00
2. Suitsupply - Revenue: $12733.00
3. Lauren Ralph Lauren - Revenue: $10602.00

Top Sellers in Men's Suits & Blazers on Poshmark

Here are the top-performing sellers in Men's Suits & Blazers:

1. eliudgtz - Revenue: $8606.00
2. threadandtwill - Revenue: $5258.00
3. wowniceshirt - Revenue: $4465.00

Recommendation 👍

The category's higher average sale price and faster sales velocity compared to the marketplace averages make it a profitable and efficient niche. Despite moderate sales volume, the higher revenue per sale makes it appealing for sellers.

Suggestions for Sellers:

Sellers should focus on maintaining quality listings with accurate descriptions and appealing visuals to capitalize on the premium nature of this category. Offering competitive pricing and promoting high-end or designer brands could further enhance sales. Additionally, rotating inventory more quickly by leveraging promotions or discounts could reduce the average time to sell even further.

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