Etsy Buys Depop, Gen Z’s Favourite Fashion Resale App

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Etsy is buying the fashion resale app depop.

who want to find special pieces without breaking the bank. Depop — which has about 30 million registered users — allows shoppers to experiment with their personal styles while accessing secondhand designer clothes at often discounted prices. It is a popular alternative to fast-fashion and luxury fashion, and hasWhat does this purchase mean for Etsy and Depop going forward?

As e-commerce continues to be favoured during the ongoing pandemic, the companies working together will merge their growth strategies and distinct expertise,shared by CNBC. Etsy’s users are generally older than Depop’s, so this acquisition will introduce them to a new, younger audience, and grow their presence in the resale market. As a more established marketplace, Etsy’s ownership of Depop means wider expansion and more profit for the U.K.-based brand.

 

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Etsy Is Buying DepopThe $1.6 billion deal is expected to close later this year. CAN A CHURCH GIRL BE SEXY AND HIGH FASHION AT THE SAME TIME?... Watch my latest fashion video to find out via LINK BELOW ↓ PLEASE SUSBCRIBE and Turn on POST NOTIFICATIONS. THANKS! viral ad YouTuber fashion trending Christian CAN A CHURCH GIRL BE SEXY AND HIGH FASHION AT THE SAME TIME?... Watch my latest fashion video to find out via LINK BELOW ↓ PLEASE SUSBCRIBE and Turn on POST NOTIFICATIONS. THANKS! viral ad YouTuber fashion trending Christian 2 great websites 💖‼️Amazing!!
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