Has Covid made used clothes an ‘amazing business’?

UK-based Depop – one of the biggest resale platforms, which allows buyers and sellers to connect directly, taking a cut of each sale – says growth has remained solid this year, after hitting a peak during the lockdowns when business doubled, while Poshmark, a similar site, has said sales this spring were up 50%.

Recent Posts

US Federal Reserve says rate rise ‘appropriate’ soon

Having done his bit to support faltering growth during the pandemic, Jerome Powell, head of the Federal Reserve, began the arguably harder task: telegraphing to Main Street and Wall Street how the US central bank intends to tame inflation, currently at levels not seen...

read more

Inflation measure shake-up amid Jack Monroe row

"This will mean we won't just include one apple in a shop - picked to be representative based on shelf space and market intelligence - but how much every apple costs, and how many of each type were purchased, in many more shops in every area of the country."

read more

Oatly ads banned over ‘misleading’ environmental claims

The ASA said Oatly had not compared like for like. It compared the full lifecycle of the meat and dairy industry including emissions from producing feed, using fertilisers, and transporting the food, with figures from the transport industry which only reflected...

read more