Over 3 million products sold in 12 months with a year limited warranty, Sell smartphones, tablets, laptops books, watches, video games and Lego, Get a free instant item valuation, ship your item for free and get paid, No fees for sellers buyers pay no fees up $50 items. As people are given access to so many different types of inspiration, whether its peer-to-peer or the mix of influence you can get from each type of influential figure, each individual is fluid in their style, their self-expression., Hadiyah Hussain communicates her South Asian culture through her brand on Depop, which features screen-printed pieces for all genders and sizes. Essentially, youll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. To contact Depop customer service, go to the help desk page, enter your details and submit. [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. Others were also unhappy with the customer service describing it as unresponsive. So, when you want to order restricted items from the Depop store, you simply enter the address MyUS provided and get your packages shipped there. Get full access to all features within our Business Solutions. Listings also aren't required to look overly professional, which makes the Vinted app better suited for casual sellers who want to clear their inventory. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Depop is an online hub where people buy and sell used clothing, vintage shoes, and accessories, and the hub is disrupting the global retail industry. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. Vinted, for instance, is generally more focused on the transactional side. 12.9% of the sale price or lower, plus $0.30 per order. To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. 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. ", She added: "Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. By Lisa Lacy. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. Depop is a peer-to-peer social shopping app. Depop's 2020 gross. Swappa is a peer-to-peer marketplace that allows you to sell and buy used electronics. Depop allows its sellers to include rules buyers can see when scrolling through their posts. [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. Depop and Paypal have been accused of collectively deceiving users into using their preferred private shipping partner, Evri, previously known as Hermes, a courier firm marred by allegations that its drivers mishandle parcels. Business Summary. "We see significant opportunities for shared expertise and growth synergies across what will now be a tremendous 'house of brands' portfolio of individually distinct, and very special, ecommerce brands. Press J to jump to the feed. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. Company summary. It's easy to get started - just create an account to start selling. Instead, the app uses an escrow service that holds the money in your Vinted wallet until the buyer gets and accepts the item. 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. Now They're Graduating", "Artefact In conversation with | Depop founder Simon Beckerman", "TechTalk con Simon Beckerman, Riccardo Donadon e Paolo Barberis su Depop, la startup diventata unicorno", "Social Shopping App Depop Raises $8M, Hires Ex-Reddit GM To Break Into US Market", "The Entrepreneur: Runar Reistrup, Depop", "Depop, a social app targeting millennial and Gen Z shoppers, bags $62M, passes 13M users", "Etsy Buys Depop, Fashion Resale Site Popular With Gen Z, for $1.6 Billion", "Etsy is buying the fashion resale app Depop for $1.6 billion", "Etsy is acquiring UK-based social selling site Depop for $1.625B in a mostly cash deal", "All Those Millennials Can't Be Wrong: Why Depop Just Might Change the Way You Shop", "Why Teens Are Selling Clothes Out of Their Closets", "Etsy targets Gen Z shoppers with $1.6 billion Depop acquisition", "9 Celebs With Depop: The Millennial Thrift Shop", "United States B2C Ecommerce Market Report 2022: Market is Expected to Grow by 11.80% to Reach $1,574.5 Billion in 2022 - Forecasts to 2026", "Depop Is the New Instagram but Not in a Good Way", "Depop: Can pre-loved clothes make fast fashion sustainable? One user even commented that they were able to receive payments fast. . Tom Evans says Depop has become his primary source of income. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. A lot of people in my generation have that set-up income from a few little baskets, he says. 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. Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. Depop promises not to share your details with third parties. <br><br>I have demonstrated skills and experience in public relations, fashion marketing, and fashion communications. Get this delivered to your inbox, and more info about our products and services. ", Etsy said the transaction consisted primarily of cash and was "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.". A replay of the video webcast will be available through the same link following the conference call starting at 10:30 a.m. Eastern Time today for at least three months thereafter. While no seller likes to pay fees, they are integral to online selling. [5] Depop expanded and opened additional offices in Milan and New York City. 26M+ registered users over 150 countries. Popular sellers on the platform often go on to become social media influencers. Unfortunately, Depop doesnt ship directly to Europe. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. 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. Moreover, we operate in a very competitive and rapidly changing environment. 16.6M+ items are available for sale on Depop. Profit from the additional features of your individual account. Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor. Depop. Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. 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. Got a confidential news tip? Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. 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. "Australia is Depop's third largest market. The number of app users in the United Kingdom went from. BROOKLYN, NY 11201 United States. This presentation contains forward-looking statements within the meaning of the federal securities laws. What are the Other Ways to Make Money on Depop? Describe what you're selling. I think for my generation it comes quite naturally Theres a lot more respect and open conversation., For Gen Z, the inspiration journey is never linear, Semple says. . Sure, both platforms offer similar services, but their approach is different. Alternatives to Depop. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. Pay for the item, tell the seller where to ship it, and pay for it. Are you interested in testing our business solutions? Both apps also target slightly different audiences. And forget all about contacting their support. 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. Retailers and brands might consider how they can inspire Gen Z to be entrepreneurs. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. 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. Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. We're excited to build a 'house of brands' where the whole is greater than the sum of its parts.". so i am from Algeria and i started selling on depop from 2017 but recently some friends wanted to open a depop account they couldn't because the don't receive the confirmation using phone number and i looked for the app on play store and it doesn't show. You can also save money on shipping by using Packlink to compare couriers and find the most cost-efficient solution. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. Compare features, ratings, user reviews, pricing, and more from Depop competitors and alternatives in order to make an informed decision for your business. This is a fluid generation defying categorisation in every sense, Levato says. The user base on Depop is also younger than on Vinted, which, in exchange, has a more international user base. uniexpressgt.com participates in various affiliate programs, and we sometimes get a commission through purchases made through our links. 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. How do you just dip in and dip out and find what you need to sell quickly, sell simply and sell easily and then carry on with your life?. 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. Our company was founded in 2005 and is headquartered in Brooklyn, New York. You can change the interval in the system settings. Please do not hesitate to contact me. 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. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. It must've been cuz I mentioned the BBB. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. OpenAI explain why some countries are excluded from ChatGPT Download PDF. It is one of the few success stories of the dot-com bubble, which . Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. 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. In, Airnow. About Depop Our leadership Facts and figures. . 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. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. "Monthly Active Users (Mau) of The Depop App in The United Kingdom (Uk) from January 2018 to October 2021 (in Millions). It's a bit more buyer-friendly, encouraging users to make quick transactions and enabling them that by intuitive and straightforward service. In interviews with nearly a dozen Depop users, BoF heard numerous reports of women being inundated with sexual messages. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. (November 8, 2021). Available: https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021, Available to download in PNG, PDF, XLS format, E-commerce revenue worldwide 2017-2027, by segment, Global fashion e-commerce market size 2021-2025, Worldwide online fashion retail revenue 2021-2025, by segment, Online fashion retail revenue change worldwide 2019-2025, by segment, Fashion e-commerce users worldwide 2021-2025, by segment, Online fashion retail revenue worldwide 2019-2025, by region, Online fashion retail revenue worldwide 2022, by country, Fashion e-commerce revenue in Asia 2021-2025, Fashion e-commerce revenue in North America 2021-2025, Fashion e-commerce revenue in Europe 2021-2025, Fashion retail sales channel share worldwide 2022, by region, Fashion: top 5 online stores worldwide in 2021, by net sales, CAGR of leading fashion e-commerce companies worldwide 2020-2022, nike.com: E-Commerce net sales from 2014 to 2022, zara.com: E-Commerce net sales from 2014 to 2022, asos.com: E-Commerce net sales from 2014 to 2022, zalando.de: E-Commerce net sales from 2014 to 2022, Leading fashion and apparel websites worldwide 2022, based on visit share, International site traffic on top fashion websites in select countries worldwide 2021, Increase of site traffic on top fashion websites in select countries 2021, Global online fashion shopping cart abandonment rate 2021, by type, EU consumers who use mobile apps for online shopping purposes 2021, E-commerce penetration rate among active Gen Z users China in 2020, by platform, Global consumers reasons for not liking online shopping 2021, Fashion purchases of consumers in 2020 and 2023, by channel, Usage of online reviews to help with fashion purchases 2021, by country, Share of shoppers buying clothes online after store visit in Europe 2021, by country, Monthly active users of VSCO in the UK 2017-2020, Monthly active users of Reddit in the UK 2017-2020, Location of purchase of second-hand shoes/footwear in the UK 2019, Facebook Messenger: number of monthly active users 2014-2017, Types of clothing items purchased second-hand in the UK 2019, Share of MAU on the smartphone and tablet market in Japan 2018, by brand, Forecast of the smartphone user penetration rate in Estonia 2015-2022, Forecast of smartphone user numbers in Slovenia 2015-2022, Forecast of smartphone user numbers in Denmark 2018-2025, Growth in the fashion market value in Russia 2012-2017, Forecast of the smartphone user penetration rate in Switzerland 2018-2024, Forecast of the smartphone user penetration rate in Lithuania 2015-2022, Forecast of the smartphone user penetration rate in the Czech Republic 2015-2022, Forecast of smartphone user numbers in Slovakia 2015-2022, Forecast of smartphone user numbers in the Czech Republic 2015-2022, Woven fashion import volume to Japan 2015-2020, Share of fashion import volume to Japan 2021, by region, Depop app downloads per month worldwide 2020-2022, Knitted fashion import volume to Japan 2015-2021, Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions), Find your information in our database containing over 20,000 reports. In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. Get paid for the item and start the shipping process. In light of such risks, readers are cautioned not to place undue reliance on such forward-looking statements. Skepta Nike Air Max Plus, SK Air Blue Tailwind Size: UK 8.5 Condition / info: 10/10 Condition, Worn A Handful Of Times perfect condition PLEASE READ International Shipping is available for all countries UK 48 Tracked Royal Mail Shipping to all UK orders Items are shipped within 48 hours Guaranteed All of our items are second hand unless stated otherwise. Phones,laptops,wearables,Tablets,video games, Electronic, fashion,health, and beauty products, No limit to the type of products you can sell. The app is currently available only in European countries, but it's expected to soon be available in the US too. 4 locations detected. Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. my buyer. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. Do NOT buy from GB via Depop if you live in the EU. LocationsView all. We disclaim any obligation to update forward-looking statements, except as required by law. Many sellers model the clothes they sell themselves. Up to 140,000 new listings every day. Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. ". As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Depop is a place for anyone to discover and . 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. Essentially, the more you engage, be it by liking items, listing products, following other users, etc., the more sales you're likely to generate. You can also email them at support@depop.com. ", Rachel Glaser, Etsy's CFO, commented, "We've admired Depop for a while, and are excited to have now reached an agreement to purchase this fantastic business - a company we believe is still in the early innings of its growth opportunity. [14] Users can also follow other sellers, whose posts will appear in their feeds. It's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. 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 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. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through. As a Premium user you get access to the detailed source references and background information about this statistic. It caters to a variety of different fashion pieces such as designer, vintage, and streetwear. Shop now Sell your way It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. 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. Depop's beginnings were also relatively humble. Here in the United States, it doesn't. r/Depop omfgf i thought this girl had her boob out in the 1st pic and ive been debating whether or not to tell her for like an hour (in case it was an accident) and just realised it was her ELBOW 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. Users can buy and sell clothing, accessories, and beauty products. 90% of Depop's active users are under the age of 26.Depop. 22. 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. Sign up to our newsletter for a truly global perspective on the fashion industry. It also gives the online marketplace a bigger footprint in fashion resale. 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. Currently, you are using a shared account. This button displays the currently selected search type. 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. Depop boasts approximately 30 million registered users across 150 countries. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. Depop, for example, charges its sellers 10% of each sale plus the possible PayPal fee for one's country. Investor Relations Manager, Advances leadership in community-driven and differentiated marketplaces, Etsy to acquire global fashion resale marketplace Depop. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The Depop plan sets out a series of targets to hit by the end of 2021. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. Resale has emerged as a popular side-hustle; Depop and social media allow Gen Z to cultivate their businesses in a non-traditional and deeply personal way. 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. Essentially, you'll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. Depop is not available in some countries from summer (I cant remember exact month when this happened). We love Depop's rapidly growing GMS and loyal and engaged customer base, excellent user engagement and unit economics, opportunities to expand value added seller services, clear path for geographic expansion, and highly scalable, 'capital light' operating model. They come to Depop for the clothes, but stay for the culture. That presents a challenge for Depop. The company will send a six-digit code that you can use to verify your account. Etsy's mission is to keep commerce human, and we're committed to using the power of business to strengthen communities and empower people. Etsy believes Depop has a highly differentiated position in the fast-growing resale space: Josh Silverman, Etsy, Inc. CEO, commented, "We are simply thrilled to be adding Depopwhat we believe to be the resale home for Gen Z consumersto the Etsy family. Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. Well positioned to benefit from Etsy's expertise to accelerate growth and value creation: Depop is an early-stage business that we believe can leverage our proven value creation roadmap to drive further growth and profitability. View original content:http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. Depop proudly states that 90 percent of its active users are under 26. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. Subscribe to receive weekly Side Hustle recommendations. If you experience any issues with this process, please contact us for further assistance. [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. Only limited information is available about the algorithms and modelling behind ChatGPT, which makes it difficult . But their interest in secondhand clothes also has significance beyond save-the-planet instincts. Items are usually secondhand or homemade. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. Depop has around 30 million users in over 150 countries, the majority of whom are young people. If you think about selling your old clothes online, two reselling apps immediately spring to mind - Vinted and Depop. Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. Vinted also works as an intermediary between sellers and buyers, helping resolve issues. Who we are. Algeria. To use individual functions (e.g., mark statistics as favourites, set hi! Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. The Company's primary marketplace, Etsy . to incorporate the statistic into your presentation at any time. As of March 31, 2021, Etsy had approximately $2.0 billion in total liquidity consisting of $1.8B in cash, cash equivalents and short and long term investments on its balance sheet and an undrawn $200 million revolving credit facility. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. You need at least a Starter Account to use this feature. Create an account to follow your favorite communities and start taking part in conversations. With a website and apps available on both iOS and Android, Depop promises to be an online shopping. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. The stock was up about 6.7% Wednesday afternoon. Poshmark is best known for women's fashion, trendy brands, and higher-end clothing and accessories. While some users complained of poor customer service, Depop can help you make extra money online. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. More so, what you earn on Swappa depends on the item you are selling and its condition. We disclaim any obligation to update forward-looking statements. The site . Depop reports having over 30 million registered users in over 150 countries. [3] Paolo Barberis and Nana Bianca were two of the first investors in the platform in 2012 with a seed investment. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash. Airnow. A copy of the presentation that will be covered on the conference call will also be posted to our website. You must click the activation link in order to complete your subscription. "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. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries.