App Update Alert: Get Even More Data About Your Closet with My Closet Insights

Did you hear? We just announced an exciting suite of brand NEW seller tools at PoshFest’s Hackathon! Each of these powerful tools was carefully developed and designed to give our power seller community even more resources to drive business growth.

My Closet Insights is one of the three major features in this suite of tools. It provides a comprehensive breakdown of sales and inventory data from a seller’s closet in a format that is easily digestible and highly actionable.

HOW IT WORKS

Poshmark will generate sales and inventory data for your closet in real-time. This includes sales and inventory summaries and insights, so you can dig deeper into data on orders, brands, listings, and more. Each of these will be created in a visual chart format, and you can filter your charts based on time period and other specific criteria.

SALES CHARTS

Sales Summary & Comparison Chart

An overview of sold listings and earnings. Data can be filtered by a specific time range, and compared to the prior period.

Brand Insights Chart

An overview of sold listings and earnings. Data can be filtered by a specific time range, and compared to the prior period.

Sales Insights Chart

Top-selling categories according to sales, average sales price, and listings sold. You can also filter your sales by item condition to get even more information.

Order Insights Chart

Determine how buyers typically purchase items in your closet: Buy Now, Bundle, Bundle Offer, or Bundle Buy Now.

INVENTORY CHARTS

Inventory Summary Chart

Similar to the Sales Summary Chart, this is an overview of your current and past inventory counts.

Brand Insights Chart

Brands that make up your inventory. You can filter these brands by value, average item price, or available listings.

Listing Insights Chart

Categories that make up your inventory. You can filter by value, average item price, or available listings.

HOW YOU CAN USE MY CLOSET INSIGHTS

Focus Area	Leverage My Closet Insights to…
Pricing	Understand average order value by brand or category to optimize pricing strategies. (Sales – Brand Insights chart)
Merchandising	Determine which trends, brands, and inventory are relevant based on time period comparisons. (Sales – Brand Insights chart, Sales Insights chart, Inventory – Brand & Listing Insights charts) Track the highest performing brands by GMV and volume. (Sales – Brand Insights chart) Understand the most impactful composition of brands, categories, sizes, colors in your closet. (Sales Insights chart)
Marketing &Promotions	Review sales trends on days that you run promos such as Offer to Likers, Price Drops, or Seller Discounted Shipping. (Order Insights chart) Understand which strategies positively impacted traffic and sales. (Sales Summary & Comparison chart)

One thought on “App Update Alert: Get Even More Data About Your Closet with My Closet Insights”

You can’t even look at last month’s sales or “stats” or any month prior so you can compare month over month. Only effective in real time or over time but can’t compare by months which isn’t helpful at all.