The British startup that has become one of Generation Z’s favorite places to buy and sell second hand clothes has been acquired by Etsy in an all cash deal.
May 25, 2021Updated 2:18 p.m. ET
It’s been more than a year since the coronavirus brought events and socializing to a screeching halt, prompting much of the United States to settle into sweatpants and stay indoors for months on end. Yet in recent weeks and particularly in parts of the country where life is edging back toward normalcy there is a post-pandemic ebullience emerging in how Americans are dressing.
Traditional retailers like T.J. Maxx and Macy’s have reported a surge in apparel sales. And clothing rental platforms such as Rent the Runway say they are reaping the benefits after a perilous year of layoffs and slashing budgets.
HUNTSVILLE, ONT. You may think it is just a hobby, but CRA may disagree. If you are earning money through a little side hustle, business activity or other extra gig, CRA wants its fair share. The agency believes a lot of tax dollars in the past may have gone uncollected, and they aren t happy about it. How and where you make money is shifting, and CRA has been paying close attention to what are referred to as platform economies . A platform economy is simply a platform that brings buyers and sellers together through the internet or mobile apps. These sources are gaining traction and popularity, and could be significant contributors to household income that has gone unreported.