How well Hermes sells on Poshmark

Hermes ranks 30th among 1000 brands with $377K revenue. High price point and fast turnover set it apart, attracting savvy resellers.

Rank #30 of 1000 $377,226 Revenue 1,053 Sellers Thumbs Up👍
Avg Sale Price
$272
Items Sold
1,388
Days to Sell
27 days
Market Share
0%

How Hermes Performs on Poshmark

Hermes generated $377,226 in revenue with 1,388 items sold, holding rank 30. Its average price stands at $271.78.

Hermes maintains a solid position among 1000 brands, occupying the 30th spot. This ranking highlights its strong market presence despite fewer sales compared to some neighbors. Its high average sale price helps it compete effectively.

Though Hermes's revenue is lower than the top 10 brand average of $1,375,901, its niche appeal and premium pricing strategy cater to a specific clientele. This indicates a focused market that values quality over quantity.

Price vs Market

1133%

of median
Sell Speed

27

days avg
Platform avg: 84 days
Daily Sales Volume

45

per day
Platform avg: 52

Competitive Landscape

Rank Brand Revenue Items Avg Price Sellers Days to Sell
27 Ralph Lauren $413,245 12,518 $33 9,652 86
28 Disney $411,094 19,615 $21 12,256 83
29 Athleta $384,515 15,546 $25 9,723 35
30 Hermes $377,226 1,388 $272 1,053 27
31 Vuori $374,993 9,254 $41 5,862 18
32 Fendi $370,421 1,560 $237 1,269 30
33 Polo Ralph Lauren $368,570 11,495 $32 8,122 74

Hermes Pricing & Sales Data

Hermes's average price of $271.78 is significantly above the marketplace median of $24. This positions Hermes in the luxury tier, appealing to high-end buyers willing to pay premium prices for coveted items.

With sales averaging 26.54 days, Hermes items sell much faster than the platform's average of 84 days. This means inventory moves quickly, ensuring sellers can reinvest capital at a brisk pace.

Compared to neighboring brands like Athleta and Disney, Hermes distinguishes itself with higher average prices and fewer items sold. Its luxury status sets it apart from the volume-driven strategies of nearby lower-cost brands.

Hermes Competition on Poshmark

Having 1,053 sellers contributes to a competitive environment. Each seller averages just over one item sold, emphasizing the challenge of standing out in a crowded market.

1,053

Active Sellers

1

Avg Items per Seller

$358

Avg Revenue per Seller

Seller Revenue Distribution

The top three sellers handling nearly 10% of revenue highlight significant seller influence. With an average revenue of $358 per seller, new entrants might face tough competition to capture market share.

Most Successful Hermes Sellers

  1. @elady - Monthly Revenue: $17,792
  2. @luxeexec - Monthly Revenue: $14,000
  3. @mrslulu3 - Monthly Revenue: $5,650

Profit Analysis for Hermes Resellers

After a $54.36 platform fee on a $271.78 sale, sellers must efficiently manage sourcing costs to maintain profitability. If sourced below $150, a seller could expect substantial profit margins.

Quick Profit Calculator

Based on average sale price of $272

Sale Price: $272
Poshmark Fee (20%): -$54
Shipping (paid by buyer): $0
Net Before Cost: $218

Profit depends on your sourcing cost. Aim to source at 25-40% of sale price for good margins.

Should You Resell Hermes on Poshmark?

Hermes's fast turnover and high sale prices suggest strong profit potential for savvy sellers.

Profit Potential: If sourcing costs are kept around $150 per item, sellers could enjoy profits exceeding $67 per sale after fees. This is an attractive proposition for those able to secure luxury items at reasonable costs.

Risk Factors: Main challenges include intense competition among sellers and ensuring product authenticity. Seasonal demand fluctuations might also impact sales volume.

Reseller Rating
👍
Thumbs Up

Quick Tips for Selling Hermes

Focus on acquiring genuine Hermes items through trusted sources to avoid authenticity issues.
Monitor market trends to align inventory with peak demand periods, maximizing sales potential.
Invest in quality photography and detailed listings to appeal to discerning buyers.
Develop a unique selling proposition to stand out among over 1,000 sellers.
Consider bundling related luxury items to increase average order value and enhance buyer satisfaction.

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