Digest: eBay Acquires Depop; Amazon Overtakes Walmart in Annual Revenue; Scopely Agrees $1bn Deal for Turkish Game Developer
eBay buys Depop for $1.2bn to attract younger secondhand fashion shoppers; Amazon surpasses Walmart in revenue; Scopely agrees up to $1bn deal for Loom Games.
2nd Street USA Brings Japanese Resale Fashion to San Jose
2nd Street opens its first Silicon Valley store on January 30 at Strawberry Park, offering curated resale fashion and sustainability-driven buying and charity programs.
Resale has become a mainstream, strategic retail channel generating major holiday revenue and enabling brands to clear inventory without eroding brand equity.