Why re-sale is fashion's most bankable new market
9 days ago - By Fashion United
When Etsy snapped up Depop for 1.6 billion dollars investors took note. Dubbed the “resale home for Gen Z” by Etsy CEO Josh Silverman, the app, which counts over 30 million registered users, has enormous potential to be scaled.
Expansion would see the company grow its share in a booming and growing resale market, which according to analytics firm GlobalData is set reach 64 billion dollars over the next five years.
After the pandemic a “purge surge” is looming, says ThredUp. 80 percent of US consumers plan to refresh their wardrobes by clearing out the items they no longer want...
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