Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. Sky warns: "Don't let your photo be more distracting than the product you're selling.". An overwhelming 90 per cent of its active users are under the age of 25. The Dark Side of Depop | BoF - The Business of Fashion trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. You can use it to browse listings by your neighbours and local shops with a surplus of food or other products. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Research expert specializing in economy and politics, Profit from additional features with an Employee Account. The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). Some of the motivations for using Depop come as no surprise 75 per cent of those surveyed are looking to reduce clothing consumption. An overwhelming 90 per cent of its active users are under the age of 25. Depop has around 30 million users in over 150 countries, the majority of whom are young people. Founded in 2011, Depop is a community-powered marketplace to buy and sell unique fashion, with a mission to build the world's most diverse and progressive home of fashion. Email us at feedback@voguebusiness.com. This type of service is called Freight Forwarding. - 30M+ registered users in over 150 countries - 32M+ items are available for sale on Depop - $1 Billion made by the Depop community to date How to join Depop "Monthly Active Users (Mau) of The Depop App in The United Kingdom (Uk) from January 2018 to October 2021 (in Millions). How to Deliver Items from the Depop Online Store to Europe Therefore, as a seller on Vinted, the buyers will expect you to offer a lower price for your products, as they are the ones covering all the fees. It's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. <u>Company Description</u><br><br>Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. . Etsy CEO on how $1.6 billion deal for Depop could help the company grow. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. [12] It is the 10th most-visited shopping platform for Gen Z consumers in the US,[18] and, in a poll conducted by The Strategist in 2019, Depop was voted by teenagers as their favorite resale website. Depop is a legitimate app that allows sellers and buyers to trade their items hence not a scam. Depop is powered by a team of around 400 people, dedicated to our mission of fashion for a better future. Founded in 2011, Depop is a community-powered marketplace to buy and sell unique fashion, with a mission to build the world's most diverse and progressive home of fashion. To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. Shares our two-sided marketplace business model: Depop is a peer-to-peer marketplace with similar capital-light operating model and financial characteristics. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Depop boasts approximately 30 million registered users across 150 countries. Depop is a place for anyone to discover and celebrate their style on their own terms, and to feel good about their fashion choices by extending the lives of millions of garments.<br>The company was founded . Depop reports having over 30 million registered users in over 150 countries. . Depop's beginnings were also relatively humble. Have to complete the purchase to update your shipping address - Depop Gen Z fluidity extends to the mix of digital and physical experiences, with physical still considered very important even for a generation of digital natives. It has also only made headway in the Australia, Italy, the UK and US, with the last two countries responsible for about 70% of downloads in 2020 and 2021. The app has over 10 million users and is available in over 100 countries. Countries. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash. [10] In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash, making it Etsy's most expensive acquisition, but that Depop would continue operate as a standalone brand independent from Etsy. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. It caters to a variety of different fashion pieces such as designer, vintage, and streetwear. Essentially, the more you engage, be it by liking items, listing products, following other users, etc., the more sales you're likely to generate. How Brands Are Collaborating with Depop to Reach Young Shoppers You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. Online marketplace Etsy announced . Take up to four photos. Business Summary. If you are an admin, please authenticate by logging in again. i just wanted to ask if depop is not available in all countries Unfortunately, Depop doesn't ship directly to Europe. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). This is a fluid generation defying categorisation in every sense, Levato says. Depop is a vibrant, two-sided marketplace with a passionate community, a highly-differentiated offering of unique items, and we believe significant potential to further scale. However, while the idea behind the two is similar, there are some key differences between Vinted and Depop. Barney Willis on LinkedIn: #etsy #depop #amazon #pinterest #fiver Depop - buy, sell, discover unique fashion Log in Menswear Womenswear Jewellery Beauty More Brands Top searches Find your style Shop the biggest brands you know and love. Sign up to our newsletter for a truly global perspective on the fashion industry. I'm trying to figure out an alternative atm 10 While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. The transaction is currently expected to close during the third quarter of 2021, subject to satisfaction of customary closing conditions, including antitrust review in the United States and the United Kingdom. Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. The default refresh interval is a random number between 1 and 3 seconds. Phones,laptops,wearables,Tablets,video games, Electronic, fashion,health, and beauty products, No limit to the type of products you can sell. Depop proudly states that 90 percent of its active users are under 26. These businesses all share similar levers of growth to unlock value, including improving search and discovery, building human connections, and making selling and buying easier. Some 75 per cent of Depop sellers also buy from the platform, an ecosystem that allows them to straddle the worlds of the consumer and of business however they wish, says Semple. Sr. Director of Investor Relations, Patricia Cruz I always say we owe ourselves authenticity. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission, including in the section entitled Risk Factors in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, and subsequent reports that we file with the Securities and Exchange Commission. As for withdrawal methods, eBay offers PayPal and direct deposit compared to Depop, which has PayPal.While Depop is filled with people selling Y2K and vintage items, eBay is better for items that are rare or hard to find. Depop Company Profile - Office Locations, Competitors - Craft Meet Bella McFadden, who made $1 million on Depop - Fast Company Depop is a place for anyone to discover and . The 35 Best Student Apps You Shouldn't Live Without - CareerAddict uniexpressgt.com participates in various affiliate programs, and we sometimes get a commission through purchases made through our links. When we do drops, its really hard to kind of nail down an aesthetic.. Investor Relations Manager, Advances leadership in community-driven and differentiated marketplaces, Etsy to acquire global fashion resale marketplace Depop. Depop was established as a social network for readers of PIG magazine back in 2011 by magazine founder - and head of sunglasses brand Retrosuperfuture - Simon Bekerman. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. Etsy Names Kruti Patel Goyal Chief Executive Officer of Depop and Phone: (718) 880-3660. p:718 880-3660. Depop | Buy & Sell Clothing 12+ Resale Marketplace for Clothes Depop Ltd #60 in Shopping 4.8 399.1K Ratings Free iPhone Screenshots Buy. Depop should know. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through. Etsy to acquire global fashion resale marketplace Depop In an age of financial uncertainty, young people are taking finances into their own hands. It is one of the few success stories of the dot-com bubble, which . On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. ETSY. Founded in 2011, Depop is a community-powered marketplace to buy and sell unique fashion, with a mission to build the world's most diverse and progressive home of fashion. Investor Relations Contact: Etsy, Deb Wasser, Vice President, Investor Relations and ESG Engagement: dwasser@etsy.comor Etsy, Gabe Ratcliff, Director, Investor Relations: gratcliff@etsy.com, Media Relations Contact:Etsy, Kelly Clausen, Senior Director, Corporate Communications: press@etsy.com, Cautionary Statement Regarding Forward-Looking Statements. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. Essentially, youll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. However, we have a pretty simple solution that gets around this restriction. For sellers, we offer a range of tools and services that address key business needs. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. The site . Abigail Cooper - Seller - Depop | LinkedIn Depop is a legitimate app that lets sellers sell items and buyers buy items; hence not a scam. That said, you can expect to ship your items at lower prices when using Vinted. Thats now the slogan of the brand I work with a lot of queer people, its just kind of asking them how they want to show up in the world. You can also email them at support@depop.com. What Is Depop? Everything You Need to Know About the Resale App As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. Many sellers model the clothes they sell themselves. Depop has evolved to become the community-powered fashion marketplace to buy and sell unique fashion, with approximately 30 million registered users in more than 150 countries. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. There are no boundaries anymore between commerce and connections, consumption and production, and even entertainment and entrepreneurship, says Federica Levato, a partner at Bain, who worked on the report. Who we are. Depop Resellers: Is It Ethical? - The Iliad You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Sellers and users weigh in on the debate", "Everyone's Favorite Thrifting App Favors Thin White Models", https://en.wikipedia.org/w/index.php?title=Depop&oldid=1141140101, Online marketplaces of the United Kingdom, Articles lacking reliable references from September 2021, Articles with unsourced statements from August 2022, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 23 February 2023, at 15:28. Last month [object Object] was the top country sending desktop traffic to depop.com - click below to discover all countries Top Countries United States 49.04% 1.30% United Kingdom 24.80% 4.06% Australia 8.56% 15.40% Canada 2.74% 0.35% Italy 1.27% 13.93% Others 13.60% See all countries depop.com Audience Demographics Dont worry, youre not going to need to splash out on a property, there is a much cheaper solution. We disclaim any obligation to update forward-looking statements, except as required by law. These are called 'Shop Policies,' stating whether you accept returns as a seller. Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. Like Depop, Decluttr is free to download and use. These risks and uncertainties include: (1) the level of demand for our services or products sold in our marketplaces and our ability to support our recent growth; (2) the importance to our success of the trustworthiness of our marketplaces and our ability to attract and retain active and engaged communities of buyers and sellers; (3) risks related to the COVID-19 pandemic; (4) the fluctuation of our quarterly operating results; (5) our failure to meet our publicly announced guidance or other expectations; (6) if we or our third-party providers are unable to protect against technology vulnerabilities, service interruptions, security breaches, or other cyber incidents; (7) our dependence on continued and unimpeded access to third-party services, platforms, and infrastructure; (8) macroeconomic events that are outside of our control; (9) operational and compliance risks related to our payments systems; (10) our ability to recruit and retain employees; (11) our ability to compete effectively; (12) our ability to enhance our current offerings and develop new offerings to respond to the changing needs of sellers and buyers; (13) our ability to demonstrate progress against our environmental, social, and governance Impact strategy; (14) our efforts to expand internationally; (15) our ability to successfully integrate and receive the expected benefits from the Depop and Elo7 acquisitions; (16) acquisitions that may prove unsuccessful or divert management attention; (17) regulation in the area of privacy and protection of user data; and (18) litigation and regulatory matters, including intellectual property claims. Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. Which one is better, though? Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. The app is also meant for buyers looking for items they can buy. Forward-looking statements include all statements that are not historical fact. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. Prices for clothing range from $3-$15. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. You can unsubscribe at any time. Using a Vinted or Depop app, users can sell, buy, or exchange their used clothes. Expands our TAM in a large and fast-growing market, Well positioned to benefit from Etsy's expertise to, http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. However, while both apps provide practically the same services, they differ in a few key areas. As soon as this statistic is updated, you will immediately be notified via e-mail. Swappa also focuses on used electronics compared to Depop, which deals in clothing, shoes, and other streetwear. [3] Paolo Barberis and Nana Bianca were two of the first investors in the platform in 2012 with a seed investment. Depop Statistics, User Count and Facts (2023) The company, founded by Simon Beckerman in 2011, is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney, with approximately 400 employees dedicated to its mission of building the world's most diverse progressive home of fashion, that's kinder on the planet and kinder to people. Users can pay for items using PayPal. Depop - Wikipedia Depop does not offer other ways to make money apart from selling items such as clothes, shoes, and other items. Please read the full Terms of use and Privacy Policy. Depop: number of downloads per month 2022 | Statista Its a fairly common question we often see asked, and the answer isnt all that clear. VP of Investor Relations, Jessica Schmidt It must've been cuz I mentioned the BBB. US Teens Sell More on Depop Than Their UK Counterparts - Business Insider DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. Please do not hesitate to contact me. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. In November 2019, Business of Fashion reported that users within the Depop app were receiving sexually suggestive messages.[23]. Y, 2019. Enter your username, password, and country, Connect your Depop account to your PayPal address, No limit to to the type of products you can sell, 2 days to ship the item after getting paid, High user traffic over 187 million users, Promote your listing from as little as 1%. The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. depop.com Traffic Analytics & Market Share | Similarweb Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Vinted is more transactional. If you're trying to browse thredUP from another country, you unfortunately won't be able to access our site and will have restricted website access. Both apps also make it very easy to post your items. On this Wikipedia the language links are at the top of the page across from the article title. . In some cases, forward-looking statements can be identified by terms such as anticipate, believe, could, enable, estimate, expect, goal, intend, may, outlook, plan, potential, target, will, or similar expressions and derivative forms and/or the negatives of those words. Register in seconds and access exclusive features. Facts and figures | Depop Newsroom [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. As for Vinted, they have a buyer's protection feature. Generation Z, which spans consumers aged 7 to 25, will make up 40 per cent of the luxury market by 2035, according to consultancy Bain & Company, which has collaborated with Depop on the report. Etsy to acquire global fashion resale marketplace Depop PC Game Pass Preview is Available for Insiders in 40 New Countries We'll now take an exciting leap forward as part of the Etsy family, benefiting from Josh's and his team's expertise, and the resources of a much larger company whose values are so aligned with ours here at Depop. Here are some vital facts and figures about how Depop works today. Conduct your own research and seek the advice of a licensed financial advisor. The deal marks the biggest acquisition yet for Etsy, which went public on the New York Stock Exchange in 2015. Selling on Poshmark vs. Selling on Depop - Vendoo Depop Review 2023 - Plans, Pros, Cons and Alternatives - DollarBreak Unfortunately, yes. Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. Over half of respondents said they buy secondhand to find one of a kind pieces, while 45 per cent use it to tap into trends. As Depop, which has 219 employees, struggles to police millions of users across multiple continents, the start-up is reckoning with dangers facing its young users that have plagued the internet since the early 1990s. Sure, both platforms offer similar services, but their approach is different. The network currently has more than 15 million users in 147 countries, skewed heavily towards those aged under 26, with plans to expand across Europe and Asia. Depop - buy, sell, discover unique fashion UK: Depop app monthly active users 2021 | Statista Press question mark to learn the rest of the keyboard shortcuts. It also gives the online marketplace a bigger footprint in fashion resale. With roughly 30 million registered users across nearly 150 countries,. Got a confidential news tip? With its app available on iOS and Android, Depop promises to be an online shopping site for most items, including designer, preloved, vintage, sneakers, and streetwear. Commercial Credit Report for Etsy Inc - Report Preview Depop is planning to run in-person events for later this year, similar to its 2019 Depop live series in New York and London, which brought together sellers and performers to create physical resale spaces alongside an events programme. Kasera has had a long career in personal finance having spent over 5 years working as a financial advisor directly with CEOs, business owners, and entrepreneurs. Both apps implement slightly different structures, with Depop having a more 'social' feel, with buyers scrolling through listings like they were using Instagram or Facebook. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. Ticker: ETSY. This extends to how these generations view life and society, but also fashion. Tom Evans says Depop has become his primary source of income. In case of sender and recipient from the same country or within a radius of 10 kilometres, the user can deliver/collect in person, but no payment in cash. OpenAI explain why some countries are excluded from - nature.com Leading fashion e-commerce companies worldwide 2022, by market cap, EV/EBITDA of leading fashion e-commerce companies worldwide 2021-2023, Global consumers reasons for returning clothes bought online 2021, Main online impulse purchases worldwide 2022, by gender. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Depop is expected to be accretive to Etsy's top line growth rate and modestly dilutive to Etsy's adjusted EBITDA margin. But why Depop? Founded in 2011, Depop has its headquarters in London and offices in Manchester, New York, Los Angeles and Sydney with 400 employees dedicated to helping build a new fashion system that's kinder. ", "Is Depop being gentrified? The vintage items are also great since fashion often brings back past trends from time to time. Pay for the item, tell the seller where to ship it, and pay for it. It allows users to buy and sell items, most of which are used . Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account.
