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UK competition watchdog launches probe into eBay's purchase of DepopThe deal was announced earlier this year and is expected to help Etsy double down on its core handmade and vintage goods marketplace in p...- Online marketplace Etsy beats revenue estimates on steady demandConsumer spending has been under pressure amid persistent inflation concerns, partly triggered by strict tariff policies. Yet, Etsy manag...
- Ebay slashes 6% of workforce as ecommerce firm realigns operationsThe layoffs follow eBay's $1.2 billion acquisition ofDepop, announced last week, as the firm doubles down onsecondhand fashion and Gen Z‑fo...
- US stock markets today: US stocks slide as tech stocks slide after recent gainsIndian markets saw a dip as heavyweight tech stocks faltered, despite Walmart's strong performance and a significant buyback plan. Investor...
- US Stocks: Etsy shares jump 10% after Depop sale; demand pressures weigh on resultsEtsy shares jumped about 10% on Thursday, after the online marketplace sold off its Gen Z-focused fashion resale platform Depop to EBay, ...
- Got unwanted Christmas gifts? Turn them into fast cash right now with these easy optionsMany Americans receive unwanted Christmas gifts each year. Over $10 billion in presents go unused annually. Items range from clothing and a...
- Goodwill tries to figure out online commerceGoodwill, the nonprofit retailer, is expanding its e-commerce presence to generate more revenue and support its mission of providing job op...
- Cargo pants, halter tops are back in demand as Gen-Z gets obsessed with early 2000s fashionFueled by social media platforms including TikTok, the so-called Y2K trend resurfaced as consumers began attending parties and going out af...
- Old is new again: Young fashionistas turning to tech to buy & sell vintage clothing, make fashion sustainableThese fashionistas are helping fuel a boom in a trendy corner of the global retail market.
- Etsy to buy fashion reseller Depop for $1.63 billion in Gen-Z pushThe Etsy-Depop deal, which would be funded via available liquidity, is expected to close during the third quarter of 2021.
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