Depop

Yeah, it's a great question, Ollie.

Vinted, Depop and eBay are going through a massive rise, really.

So to take Vinted as an example, 38 percent, its revenue rose by 38 percent last year to about 1.1 billion euros and sales on the platform rose to 47 percent, just kind of Anecdotally, I know a lot of people that are using Vinted now and Depop to buy their clothes and to even sell as well on their clothes.

So it is a question of, you know, why would you give away a decent jacket to a charity shop if you can then sell it for 20 quid? But it's interesting that a lot of people, you know, when this discourse about charity shops have been closing down, a lot of people have been blaming Vinted and Depop for taking their stock.

But it's interesting that the charity...

Retail Association, so the kind of trade body behind charity shops actually says that it's not had so much of an effect to the vintage Depop eBay rise, basically, mainly because it's had a, you know, one of the positive sides of it is that Vinted and Depop have made secondhand stock normal.

So a kind of rising tide floats all ships model.

And then also a lot of resellers are buying their stock in charity shops.

You know, that's the case with like fancy watches, for example, like folks are going to buy something knowing they can sell it to a particular customer right away.

Yeah, and this is huge for platforms like eBay or Depop or whatnot.

Tons of people are eager to make a career flipping used stuff.

It starts as a side hustle, but it can be quite a lucrative full-time gig if you're on point and if you're willing to invest the time.