Depop
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UK competition watchdog launches probe into eBay's purchase of Depop
UK competition watchdog launches probe into eBay's purchase of Depop June 8 : The UK competition regulator on Monday launched a probe into eBay's $1.2 billion purchase of Gen Z-focused fashion resale platform Depop from Etsy. The deal was announced earlier this year and is expected to help Etsy double down on its core handmade and vintage goods marketplace in pursuit of a turnaround.
UK £1,000 tax update as HMRC issues new alert
UK £1,000 tax update as HMRC issues new alert The taxman has launched an updated online tool HMRC has issued guidance to people across Britain to ensure they don't overlook completing a vital check. Millions of UK workers with side hustles, rental income or freelance earnings are being urged to check if they need to file a tax return following a fresh alert from HM Revenue & Customs. The tax authority has launched an updated online tool designed to help people determine whether they need to...
Second-Hand Stores Thrive as Affordability Becomes Top Priority
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Vinted boss sees 'fundamental' shift in consumer patterns, as secondhand firm notches $9 billion valuation
Online resale app Vinted is seeing a structural shift in consumer behaviour, as habits form around the resale economy, the company's marketplace boss told CNBC on Monday. Vinted, the consumer-to-consumer platform allowing customers to sell unwanted items like clothing, electronics, or even furniture, has seen rapid growth in recent years, boosted by consumers increasingly looking for value amid rising costs of living globally. The value of items sold on Vinted grew nearly 50% last year, as...