The company based in Redwood City, California, is hitting the public markets as the coronavirus keeps battering traditional retailers, particularly those operating at malls. But the popularity that many online second-hand sellers like Poshmark enjoyed before the virus has continued. Poshmark has benefitted from shoppers' accelerated shift to online and customers' steadfast focus on second-hand goods as they become more conscious about the environment. Still, Chandra said that the pandemic has dampened the demand for dressier items as shoppers are staying close to home and not going to parties and other events. And Chandra is optimistic that demand for dressier items will come back once the pandemic recedes.

Source: Daily Sun January 14, 2021 22:18 UTC