Poshmark Inc., the online marketplace for secondhand goods, will start trading Thursday, the latest e-commerce site to tap the buoyant initial public offering market as the coronavirus pandemic continues to squeeze bricks-and-mortar stores. Poshmark said it priced its IPO at $42 a share, giving the company an initial valuation of more than $3 billion.
The turmoil of the last twelve months seems to have eliminated trends from fashion, with moods and desires almost impossible to track on a global scale. But one phenomenon still seems poised to dominate 2021: vintage clothing, or "archival fashion," as the cognoscenti call it.
It all started with a Richard Avedon photo. I was 21, days into the first semester of my fashion history graduate program, and seated in a photography studies course. On the classroom projector was the model Renée, spinning on the streets of Paris in 1947 to the delight of some male passersby.
Even though we may not regularly consign our sneakers, investing in a new designer pair certainly feels more justifiable when we know the value. Buying pre-owned shoes, or even unworn styles with the tags still intact, is a smart way to shop - and not only because it's a sustainable commitment.
The 2021 initial public offering (IPO) season is off to a fast start for the payments and commerce business, including an expected filing next week from reCommerce platform Poshmark. The closely-watched filing should list sometime before the end of the month, according to reports, and it has put a spotlight on the reCommerce category.
While 2020 was an eventful year in the world of advertising law, it feels wrong to begin any type of "year in review" without acknowledging the global events of this year, and the challenges they have brought to every individual in one way or another.
The last 12 months have radically reshaped the fashion industry, but sustainability remains one of the sector's favourite buzzwords and most intractable challenges. While the pandemic is an ongoing and immediate crisis, brands are doubling down on commitments to reduce emissions, keep clothing in a virtuous loop of recycling and tackle human rights abuses in the supply chain in a bid to mitigate the risk that the next disaster to hit the industry is environmental.
This year, I won't be buying any new clothes. I say this as I currently have three shopping tabs open, a package on my doorstep from The RealReal, and a note in my phone with things I "need" to buy: a few more turtlenecks, another sweater, a new black puffer to replace my perfectly fine, though slightly out of fashion, current black puffer.
Poshmark, the nine-year-old, Redwood City Ca.-based online marketplace for second-hand clothing, beauty, and home decor products, is set to start trading as a public company on the Nasdaq tomorrow after tonight pricing 6.6 million shares higher than originally planned, according to Bloomberg. Per i...
One of the biggest players in the circular economy just released a report documenting how 2020 trends in luxury consignment are affecting the resale category in 2021-and one watch brand dominates the findings. Say it with us: R-o-l-e-x. According to The RealReal, the world's largest online marketplace for authenticated, consigned luxury goods, the Geneva maker is its No.
Gen Z and millennials led the way in consignment in 2020, while investment pieces earned consignors more in resale value, according to one of the sector's biggest names. The RealReal 's new Luxury Consignment report shows that the two demographic groups represented 35 percent of new consignors last year.
Advertising litigation in 2020: class actions, Article III standing, incentive awards. False advertising cases: Ben & Jerry's Happy Cows, cocoa bean supply chain & labor abuses, Fruit of the Earth 100% Pure Aloe Vera Gel claims, Dunkin's Angus steak patties; Burger King's Impossible Burger preparation.
We're still coming to grips with the (good) news that Bethesda, Lucasfilm Games, and MachineGames are making a new Indiana Jones video game title. It's a lot to take in. Luckily, we have plenty of time to process it since the game itself is probably years out from release.
GREEN BAY, Wis. - How good is Aaron Donald, the Los Angeles Rams' All-Pro defensive tackle? Take it from Fox Sports commentator Troy Aikman, the former Dallas Cowboys quarterback who's seen a lot of superb players during his 30-plus years in the professional game.
CEO of The Realreal Inc ( 30-Year Financial, Insider Trades) Julie Wainwright ( insider trades) sold 165,000 shares of REAL on 01/08/2021 at an average price of $24.46 a share. The total sale was $4 million. The RealReal Inc has a market cap of $2.15 billion; its shares were traded at around $24.300000 with and P/S ratio of 6.87.
RealReal () received a Hold rating and a $22.00 price target from Stifel Nicolaus analyst Scott Devitt yesterday. The company's shares closed last Monday at $24.30, close to its 52-week high of $24.91. According to TipRanks.com, Devitt is a top 100 analyst with an average return of 35.2% and a 71.6% success rate.
TheRealReal is selling a replica of Jennifer Lopez's iconic Versace dress.
Buy now, pay later startup Affirm on Monday raised its price target , up from its range of to between $41 and $44 per share $33 to $38 a week ago, according to filings with the Securities and Exchange Commission. The fintech company's initial public offer could happen sometime this week, according to analyst notes and media reports.
Before the pandemic, the emerging consensus was that fashion's last wave of initial public offerings was a bit of a bust. But as e-commerce sales soared over the past year, so did the stocks of public companies like Farfetch and Stitch Fix. Their share prices are trading at near-record highs.
VOXX International (NASDAQ: VOXX) stock increased by 28.72% to $19.0 during Monday's after-market session. This security traded at a volume of 98.2K shares come close, making up 29.94% of its average volume over the last 100 days. The company's market cap stands at $454.4 million.