In interviews with nearly a dozen Depop users, BoF heard numerous reports of women being inundated with sexual messages. by Jerret West, CVP Gaming Marketing, Xbox Feb 28, 2023 @ 12:01am. 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. It also gives the online marketplace a bigger footprint in fashion resale. Depop Revenue and Usage Statistics (2023) - Business of Apps ", Airnow, Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) Statista, https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/ (last visited March 04, 2023), Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph], Airnow, November 8, 2021. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. With 4 million active buyers and 2 million . Depop profit calculator - Math Index Have to complete the purchase to update your shipping address - Depop New risks emerge from time to time. Its a fairly common question we often see asked, and the answer isnt all that clear. Depop | Buy & Sell Clothing 12+ Resale Marketplace for Clothes Depop Ltd #60 in Shopping 4.8 399.1K Ratings Free iPhone Screenshots Buy. SourceForge ranks the best alternatives to Depop in 2022. This is a fluid generation defying categorisation in every sense, Levato says. Etsy to acquire global fashion resale marketplace Depop [4] Its headquarters were moved to London in 2012. If you look around online, youll find a bunch of companies in the U.S. offering physical United States addresses to customers located overseas. Vinted, for instance, is generally more focused on the transactional side. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through its online marketplace. A paid subscription is required for full access. [8][bettersourceneeded], In June 2019, Depop raised $62 million in Series C from General Atlantic to fund its expansion. Depop | Buy & Sell Clothing on the App Store This app is available only on the App Store for iPhone. If you think about selling your old clothes online, two reselling apps immediately spring to mind - Vinted and Depop. It's a bit more buyer-friendly, encouraging users to make quick transactions and enabling them that by intuitive and straightforward service. Its important to have cultural fluidity, she says. 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. Shop now Sell your way The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). And then I still do a few [dance] teaching jobs and dance performance jobs on the side. Poshmark is available in the U.S., Canada, India, and Australia, but at this time Poshers cannot buy or sell outside of their country. While no seller likes to pay fees, they are integral to online selling. Depop is expected to be accretive to Etsy's top line growth rate and modestly dilutive to Etsy's adjusted EBITDA margin. Overview. Access to this and all other statistics on 80,000 topics from, Show sources information Depop - Wikipedia Document You can use it to browse listings by your neighbours and local shops with a surplus of food or other products. (November 8, 2021). When we do drops, its really hard to kind of nail down an aesthetic.. Depop has around 30 million users in over 150 countries, the majority of whom are young people. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. 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. [11][12], Depop is a social e-commerce platform where users can buy and resell their items. They will charge you extra to pay for the import taxes up front, but will just keep the money instead so you have to pay taxes x2 + handling fees when the package arrives in your country. Selling on Poshmark vs. Selling on Depop - Vendoo Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. [6] Most active users of Depop are located in the United Kingdom, Australia, United States and Italy. Depop also pays via PayPal compared to Decluttr, which uses Direct deposit, PayPal, and Check. [21] The platform has also been criticized by its users for picking predominantly thin models wearing straight size clothing to showcase on its Explore page, which some have described as sizeist.[22][19]. You have successfully joined our subscriber list. Fluidity extends beyond gender identity. To receive the Vogue Business newsletter, sign up here. 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. Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. Bank of America reveals the winning market share gainers with more room to run, Goldman Sachs upgrades this internet of things stock which it sees surging 60%, JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. Now, were assuming that you neither own a house there or do you have relatives living there, so how is this even possible? To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. BROOKLYN, N.Y., June 2, 2021 /PRNewswire/ --Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, has signed a definitive agreement to acquire Depop, a privately-held, community-led, and purpose-driven marketplace for unique fashion for $1.625 billion consisting primarily of cash, subject to certain adjustments for Depop's working capital, transaction expenses, cash and indebtedness, and certain deferred and unvested equity for Depop management and employees. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Depop should know. 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. You can also save money on shipping by using Packlink to compare couriers and find the most cost-efficient solution. Etsy CEO Josh Silverman said the company was "thrilled" to be adding what it believes to bethe"resale home for Gen Z consumers" to Etsy. You can unsubscribe at any time. . Gen Z, the next wave of luxury consumers, are a fluid generation who crave flexibility and think secondhand clothes are cool, according to new research by Depop, produced in collaboration with consultancy Bain. The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. 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. To some degree, we have a closer relationship with Gen Z than almost any other institution in the world at scale, says Depop chief brand officer Peter Semple. On this Wikipedia the language links are at the top of the page across from the article title. It surveyed 2,176 Depop users from the UK, US and Australia and conducted individual interviews with a sample of Depop sellers, analysed alongside insights from Bain & Company. Depop is not available in some countries from summer (I cant remember exact month when this happened). Commercial Credit Report for Etsy Inc - Report Preview To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Unfortunately, Depop doesn't ship directly to Europe. Users can pay for items using PayPal. You can also email them at support@depop.com. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. 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. Etsy is buying Gen Z-focused fashion resale app Depop for $1.62 billion You can sign up for additional alert options at any time. A DJ performs at the launch of social shopping app Depop's 3-month pop-up at Selfridges on August 01, 2019 in London, England. Ticker: ETSY. Depop is the app for you . Social selling site Depop on why quantity is the key to quality $1 Billion made by the Depop community to date. We disclaim any obligation to update forward-looking statements, except as required by law. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. It does come with fees and higher shipping costs. Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. The second-hand market is projected to grow at a 39% CAGR from 2019-2024 in the United States, reaching $64 billion, and to grow to twice the size of fast fashion on a global basis.1 Starting first in the U.K. and moving into the U.S. and Australia, Depop now has a community of approximately 30 million registered users across nearly 150 countries. 6) The app must also have an express courier function, home collection/delivery, users can do everything without leaving home. Whatever you're into, find the item and the seller for you on Depop. Click here to view 60+ Websites to Sell Stuff. The website was launched in 2011 as a social network for PIG magazine readers wanting to buy featured items. Europe Secondhand E-Commerce Market Report 2021 with Depop, which first emerged from an Italian tech incubator in 2011, then established its headquarters in London, is a dark horse in the fashion ecom wars. . . Send your buyer a message thanking them and letting them know when you plan to ship; Ship ASAP using tracked delivery. Then you can access your favorite statistics via the star in the header. 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. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. While creating a Depop account, your phone number will be required. [19][20] According to Taylor Lorenz of The Atlantic, Depop draws in Gen Z users through being easily accessible and having affordable prices, and much of its user base uses it to track trends in fashion. [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. The benefit of this service is you can order from anywhere in the United States and get your items shipped to Europe. Depop is a peer-to-peer social shopping app. Who we are. The deal marks the biggest acquisition yet for Etsy, which went public on the New York Stock Exchange in 2015. A 2020 Hulu study found 75 per cent of Gen Z respondents rejected easy categorisation of their race, gender or sexuality, while 60 per cent felt their identity was linked to a broad mix of factors, including race, culture and language. statistic alerts) please log in with your personal account. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. 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. Etsy CEO on how $1.6 billion deal for Depop could help the company grow. It was established in 2011 by Simon Bekerman and now has over 15 million . Depop also requires sellers to make their offers look more professional, which is why it's better suited for small businesses. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. To answer that, we must take a closer look at the two. Sign up for free newsletters and get more CNBC delivered to your inbox. Does Depop Ship to Europe?[2023] (Answered) - uniexpress GT 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. The platform only keeps your data as long as it needs it and encourages you not to share your personal information, like your phone number, address, or email address. The only pricey item I've found is a pantsuit that cost around $20. 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%. US Teens Sell More on Depop Than Their UK Counterparts - Business Insider Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Depop is a legitimate app that allows sellers and buyers to trade their items hence not a scam. As a Premium user you get access to the detailed source references and background information about this statistic. You can change the interval in the system settings. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. The company will send a six-digit code that you can use to verify your account. To use individual functions (e.g., mark statistics as favourites, set Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. The Best Depop Bots of 2022: The Ultimate Guide - oneshop.com This type of service is called Freight Forwarding. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Sky warns: "Don't let your photo be more distracting than the product you're selling.". . Swappa is a peer-to-peer marketplace that allows you to sell and buy used electronics. Take up to four photos. 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. Depop. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. Show publisher information How to sell. Etsy has sufficient available liquidity to fund the acquisition. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through. hi! That said, you can expect to ship your items at lower prices when using Vinted. 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. Etsy expects to share more information in conjunction with its second quarter 2021 financial results. The first difference is the market available. Its sustainability plan is built around the UN's Global Goals, the 17 objectives designed to tackle the systemic causes of extreme poverty, including the climate crisis and inequity. Sr. Director of Investor Relations, Patricia Cruz
Alternatives to Depop. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. Phone: (718) 880-3660. p:718 880-3660. Depop boasts approximately 30 million registered users across 150 countries. "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," Silverman said in a statement Wednesday. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. This extends to how these generations view life and society, but also fashion. MyUS is one of the best freight forwarders available and its our favorite. Backend Engineer | Depop Careers Type Subsidiary . [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. Vinted is more transactional. How the Depop generation thinks | Vogue Business Others were also unhappy with the customer service describing it as unresponsive. 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. 147. One user even commented that they were able to receive payments fast. Like Depop, eBay charges a commission of 10% on all the items sold. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. A Division of NBCUniversal. Etsy will host a live webcast conference call to discuss this acquisition at 8:30 a.m. Eastern Time today, which will be live-streamed via our Investor Relations website (investors.etsy.com) under the Events section. Phones,laptops,wearables,Tablets,video games, Electronic, fashion,health, and beauty products, No limit to the type of products you can sell. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. Sure, both platforms offer similar services, but their approach is different. You need at least a Starter Account to use this feature. When it comes to newness, this generation has a new lens through which they see new.. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Young people buy clothes online - level 3 - News in Levels