The Cutthroat World of Secondhand Resale on Depop and Poshmark
The secondhand resale market has been booming since the pandemic, leading to more heated negotiations and occasionally ruthless bidding wars on platforms like Depop and Poshmark. Independent resellers are turning their one-time hobby into a job, sometimes even upselling items to take advantage of demand spikes. However, major retailers like Target and H&M are also trying to cash in on the resale boom, leading to increased competition. Despite this, some independent resellers doubt that the unique, curated experience of indie resale can be scaled.