Depop is a social shopping app that has been described as a mix of eBay and Instagram and is targeted at Gen Z shoppers.
Since launching in Milan in 2011, the app has grown to have 13 million users in 147 countries around the world, according to the company. Some users are making a decent amount of money flipping their clothes and other belongings.
Depop is a social marketplace that offers users an easy way to buy and sell an array of items — from vintage clothing and limited-edition sneakers or sunglasses to books and concert tickets — via its app. It has been described as a mix between eBay and Instagram and would count sites such as ThredUp and Poshmark as its competitors.
"This company is for the next generation," Rachel Swidenbank, vice president of Marketplace at Depop, said in conversation with Business Insider. Then, they also have the chance to sell their own items, which not only gives these clothes a second life but also enables them to make money from it.And it turns out that flipping vintage clothes and sneakers can also be an extremely lucrative business. According to Swidenbank, some Depop sellers can pull in as much as $300,000 a year on the app and have been able to buy houses and cars before they've even reached college age. Depop takes a cut of this, making 10% on each transaction.
It's not just fast-fashion stores that should be concerned. Swidenbank said these shoppers also have a different approach to shopping with household names.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Police in Northern Ireland release two teens in killing of Lyra McKeeAuthorities in Northern Ireland have released two teenagers arrested in connection with last week’s fatal shooting of journalist Lyra McKee.
Read more »
Teens who vape getting as much nicotine as tobacco smoking and don't know itMany teens who use e-cigarettes aren’t aware they're inhaling nicotine when they vape, even though they are often taking in high levels of the addictive substance, a new study suggests.
Read more »
Cop, teacher, others accused of trying to lure teens for sexHACKENSACK, N.J. (AP) — Authorities have arrested a police officer, a high school teacher, a minister and 13 others in a sting New Jersey officials said Wednesday was aimed at men who tried to set up sexual encounters with people they thought were teenage boys and girls.
Read more »
TikTok Is the Latest Reason Teens Are Addicted to Their PhonesThe app is perfect for spreading memes, the lingua franca of the web. But good luck deciphering things like the ‘microwave challenge’ if you’re not in on the joke.
Read more »
Here's What The Teens From '13 Going On 30' Look Like Then Vs. NowThey are, in fact, going on 30.
Read more »
Here's 14 Side-By-Sides Of The Teens From '13 Going On 30' Then Vs. NowHere’s 14 Side-By-Sides Of The Teens From “13 Going On 30” Then Vs. Now
Read more »
13-year-old girl dies after being jumped by classmates walking home from schoolA 13-year-old Texas girl has died after slipping into a coma following a fight with two teens who jumped her as she walked home from school.
Read more »