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Why luxury brands are bowing down to resale

No one could’ve expected a small community-led resale app to be one of the top shopping apps in the world, yet Depop is now worth US$1.62 billion and was acquired by Etsy in July earlier this year.Gen Z’s go-to for the secondhand market, you can find just about anything on Depop. The same profile selling a lightly used Dior bag is also selling a thirty dollar tank top.The resale market is accelerating 11 times faster than traditional retail, making it among the fastest growing sectors in the