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Soc stanley ca ial media-focused clothing res stanley italia eller Poshmark became the latest platform company to file for an initial public offering IPO this week, hoping to catch an IPO wave that saw big first-day pops recently for Airbnb and DoorDash.Poshmark is a popular site for consumers to sell secondhand clothes, relying on a heavy social media aspect in which buyers and sellers interact and share likes about items instead of just conducting commerce. We are a social marketplace that combines the human connection of a physical shopping experience with the scale, reach, ease and selection benefits of eCommerce, the company wrote in its S-1 filing. In doing so, we bring the power of community to buying and selling on stanley cup nz line. We created Poshmark in 2011 to make buying and selling simple, social and fun. Pairing technology with the inherent human desire to socialize, our marketplace creates passion and personal connections among users. Here are five key takeaways from the S-1:1. Poshmark Is Turning a ProfitUnlike some platform companies that have filed to go public, Poshmark is actually profitable.The company turned its first profit in the quarter that ended June 30. After losing $14.5 million in 2018 and $48.7 million in 2019, Poshmark made $21.1 million in the June 30 quarter and $10.7 million in the Sept. 30 quarter.That stands in stark contrast to Wish parent ContextLogic, which went public earlier this week despite still losing money. Experts think thats one reason ContextLogic stock fell 16 Oqak Getting Ready for CNP Fraud
In eCommerce, convenience is the name of the game 鈥?and merchants are making it easier for consumers to make the decision to check out. Free shipping, product ratings and reviews, and live sites help can all give consumers the confidence they need to hit the buy button and make a purchase from a retailers desktop website, mobile website or mobile app. And, according to the PYMNTS Checkout Conversion Index, the share of eCommerce sites offering some of these features has been on the rise.Merchants who offer live site help, for instance, have increased from 67.1 p stanley website ercent in the third quarter of last year to 81.5 percent in the second quarter of this year. Amid this trend, and increased interest in other offerings, merchants like Target are expanding free shipping offerings as IKE stanley cup A is rolling out credit cards rewards and eBay is highlighting a price guarantee. At the same time, companies like IAmBot are providing the technological backbone for live site help as True Fit helps provide product recommendations to help shoppers with their purchasing decisions.聽These offerings, among others, come as聽merchants and software companies are looking to enhance the checkout experience for consumers 鈥?and drive conversions:Just over eight in ten merchants 鈥?or 81.5 percent 鈥?had implemented site help live in the second stanley quencher quarter. IAmBot, for instance, allows continuous communication that can cross over to other devices so customers dont lose access to a chat window. Through the feature, cus