Depop Is Yet Another Resale App Opening Physical Stores

The first is in LA, with more to come in New York, Milan, and London. As traditional retail struggles with store closures, sinking sales, and bankruptcies, the secondhand market is booming. Shoppers spent $18 billion on secondhand clothes in 2016, and the sector is expected to hit $33 billion by 2021. Part of the reason resale has enjoyed such an upsurge is because of companies like The Real Real, Tradesy, ThredUp, and Poshmark -- all digital startups that make shopping for secondhand online eas...