This Week in Startups Building for the circular economy and the future of shopping with Poshmark’s Manish Chandra | E1805
Sep 9, 2023
Manish Chandra, CEO of Poshmark—a platform revolutionizing consumer-to-consumer fashion resale—discusses the vital role of the circular economy in today’s shopping culture. He dives into how Poshmark encourages reusing clothing, especially among younger consumers. The discussion includes the challenges posed by fast fashion, innovative retail strategies like live shopping, and how building community engagement is essential in e-commerce. Chandra shares insights on evolving consumer trends and how Poshmark aims to shape the future of sustainable fashion.
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Poshmark and the Circular Economy
- Poshmark enables the circular economy by allowing people to buy and sell clothing from each other's closets.
- This peer-to-peer marketplace provides a platform for exchanging pre-owned fashion items.
Circular Economy
- The circular economy promotes reuse and recycling of existing goods.
- This contrasts with traditional linear economies that focus on producing and consuming new products.
Consumer Drivers
- Consumers are increasingly driven by sustainability and a desire to reduce environmental impact.
- This shift in consumer behavior fuels the growth of resale platforms like Poshmark.