Instant soup mix, dresses, sneakers, appliances and so on. Buy common consumer items cheap; resell for more, maybe much more. COVID lockdowns supercharged it.The secondhand market in the U.S. is projected to hit $64 billion by 2024 and to grow to twice the size of fast fashion on a global basis. Etsy Chief Executive Josh Silverman said the deal will extend Etsy’s presence in the resale market and enable it to help Depop, an early-stage business, expand and drive further growth and profitability.
Depop, which has about 30 million registered users across nearly 150 countries, will continue to be based in London and will operate as a stand-alone marketplace run by its existing team. Following the deal, Etsy will have three distinct brands — Etsy, Reverb and Depop. Maria Raga, CEO of Depop, said people “come to Depop for the clothes, but stay for the culture” and the business will benefit from the “resources of a much larger company whose values are so aligned with ours here at Depop.”
Artisan platform turned into fast fashion disposables marketplace we no longer visit.
Etsy is a mess.
horrible
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