EBay will acquire Depop from Etsy for $1.2B

The U.K. apparel resale site, whose U.S. sales surged 60% last year, was a drag on Etsy’s margins.

Sports giant Anta snaps up Puma stake for $1.8B

The Chinese company, whose portfolio includes Fila and a majority stake in Amer Sports, will be the sneaker brand’s largest shareholder.

ReRhone is powered by resale tech platform Archive and debuts with branded inventory sourced from customer returns.

The department store posted some improvement in the period but margin gains were meager, and sales are expected to be flat at best this year.

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The marketplace giant also eliminated 800 roles earlier this year as it refocuses its operations on fashion, peer-to-peer sales and resale.

The resale platform also saw active buyers grow, while the only thing more surprising than GameStop’s bid on eBay may have been the events that…