AN ONLINE marketplace loved by second-hand resellers is set to close in the UK leaving fans “absolutely livid” and “in shock”.
Poshmark has announced it is winding down operations in Australia, India and the UK from November 2.
1
The online marketplace, which lets buyers and sellers exchange second-hand products including clothes, kids, pet and home items, made the announcement on its website.
The re-selling site, which only opened to UK customers this January, said the decision had come as it looked to focus its attentions to the USA and Canada, where it will continue to operate.
It added: “While our ambition is to connect as many closets as possible, we are closing our marketplace in India, Australia, and the UK to focus on and increase our investments in our core markets of the U.S. and Canada.”
Shoppers have shared their devastation following the announcement.
Read more in Retail
One said they were “in shock”, adding: “I thought it must be a joke or a mistake, but no.”
A second said: “I can’t believe Poshmark UK is closing already. I feel they are giving up too soon.”
Meanwhile, a third said: “Poshmark UK is closing down this month, absolutely livid, all that hard work.”
Poshmark said buyers and sellers will no longer be able to access the marketplace after November 1.
Most read in Money
Anyone with remaining balance is urged to withdraw it as soon as possible as the process usually takes one to three business days.
Meanwhile, any users with Posh Credit will have to use it up by October 25, after which it will be lost.
Anyone with an order that has already been shipped won’t be impacted by the latest announcement and will just have to sit tight and wait for it to arrive.
But, Poshmark is urging sellers to ship any orders before October 27, just a week away.
All unshipped orders will be automatically cancelled on October 28, 2023.
Poshmark has 80million users across the US, Canada and Australia, selling over 200million second-hand items in the three countries.
The online marketplace, headquartered in California, was founded by Manish Chandra, Tracy Sun, Gautam Golwala and Chetan Pungaliya in 2011.
Do you have a money problem that needs sorting? Get in touch by emailing [email protected].
You can also join our new Sun Money Facebook group to share stories and tips and engage with the consumer team and other group members.
This post first appeared on thesun.co.uk
