Poshmark, launched Promoted Closet, an easy-to-use and highly effective paid marketing tool to help sellers accelerate sales and drive increased engagement with their listings, complementing Poshmark's suite of seller tools. Available in the U.S., Promoted Closet leverages machine learning to match shoppers' search terms with promoted listings, ensuring relevancy and enhancing sellers' ability to earn on Poshmark with just one click. Promoted Closet was built iteratively in partnership with Poshmark's community over the last year.

A highly requested service, Promoted Closet helps all sellers ? regardless of the size of their closet, previous experience or amount of free time ? drive engagement and grow their sales.

By using Promoted Closet, sellers benefit from: Promotion of their entire Poshmark Closet: Simply set a weekly budget and let it run. Poshmark automatically promotes available listings from participating sellers to shoppers in their search results and on Brand pages. Budget is only spent when a shopper clicks on a promoted listing.

Access to powerful performance insights: Sellers unlock listing-level data reports, including the number of impressions, clicks, and sales on promoted listings, as well as insights such as return on ad spend, cost per click, and clickthrough rate. Increased engagement and sales: Sellers who have participated in Promoted Closet have seen a +43% increase in sales and an +80% increase in listing page views. Promoted Closet complements Poshmark's suite of innovative, no-cost social marketing services ?

including Bulk Listing Actions, My Shoppers, and Share Shows ? and supports the company's growing community and their businesses. Poshmark's community encompasses over 130 million people across the U.S. and Canada, who have collectively earned over $7 billion.

Together, they are shaping a more circular future of fashion.