Poshmark tried hiking fees in October but quickly backtracked after fierce backlash. Read on to learn what happened and why ...

Customers revolted, leaving Poshmark sellers stranded: For many, the loss of sales was worse than any savings they pocketed from the reduced fees, Chandra wrote in an apology blog post last week.

The company recently rolled out changes, saying it hoped to more evenly distribute fees between sellers and buyers. But, Poshmark said the initiative hasn’t worked quite like it planned.