Second-hand shopping platform Depop plans to cancel 10% sales fee for US sellers to expand the second-hand market

Recently, according to foreign media reports, the second-hand shopping platform Depop announced plans to cancel the 10% sales fee for US sellers, aiming to encourage more people to participate in second-hand clothing sales. This change will allow sellers to get more cash from each transaction, help the continued growth of the resale industry, and encourage fashion lovers to explore the potential value of idle items in their wardrobes.

In line with new market trends, Depop will transfer the sales fee to buyers, who will pay 5% of the purchase price of the item plus a fixed amount of up to $1 , which does not include taxes and postage .

The change follows Depop’s elimination of selling fees in the UK earlier this year, following positive impacts from previous changes, including improved search capabilities that made it 42% more likely for buyers to successfully find products, and a 40% reduction in support resolution times and a 48% reduction in average support response times.

Depop said the fee structure adjustment is designed to provide a better service experience, support resident community development and cultivate a circular economy market.

In spring 2024, Depop became the fourth most popular online shopping site for high-income American teenagers, reflecting the growth of its community and consumption trends.

Fees collected are expected to be used to support ongoing improvements to the Depop experience, including Depop protection, customer support, platform optimization, and community development, driving the community towards a more vibrant circular economy marketplace.

The report on the UK clothing market in 2028 predicts that the UK clothing share is expected to drop by 0.4 percentage points to 72.1% between 2023 and 2028, as consumers focus more on wardrobe investment and have a lower acceptance of fashion trends. The report also suggests that as more shoppers turn to second-hand goods to find bargains, UK consumption will be more inclined to the resale market, and predicts that more British consumers will consider buying second-hand clothing, especially accessories, in the future. The report said that as more shoppers tend to buy second-hand goods to find bargains, UK consumption will continue to turn to the resale market, and more British consumers will consider buying second-hand clothing, especially accessories, in the future.

According to Depop’s recent survey, which listed the most popular brands on the resale site, Nike topped the list, followed by Ralph Lauren, Levi’s and Zara as the most listed clothing brands.

Author✎ Summer/
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