You can unsubscribe at any time. In the 2000's, eBay went on a spending spree that saw it taking ownership of PayPal, Skype and Stubhub, although it has since relinquished ownership of all three businesses. Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. A lot of people in my generation have that set-up income from a few little baskets, he says. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. Its user interface is modeled after that of Instagram, and users can sell items by posting pictures of them to their profiles, along with descriptions, hashtags, and prices. While some users complained of poor customer service, Depop can help you make extra money online. 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. "Australia is Depop's third largest market. Now, were assuming that you neither own a house there or do you have relatives living there, so how is this even possible? Etsy has sufficient available liquidity to fund the acquisition. In 2021, Depop was acquired by Etsy for $1.6 billion. This transaction is an ideal fit with Etsy's marketplace M&A criteria: Aligns with Etsy mission, strategy and values: Depop shares Etsy's DNA, with a parallel growth strategy that highlights sellers' unique merchandise by improving search and discovery, driving human connections, and building marketplace trust. 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. Get the item and o rate your experience with the seller. 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. If you are an admin, please authenticate by logging in again. Why do we think MyUS is the best? Sky warns: "Don't let your photo be more distracting than the product you're selling.". Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. Depop's beginnings were also relatively humble. For Semple, physical events remain hugely relevant. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. The freight forwarder accepts the package on your behalf. Discover independent brands making waves and the creators behind them. 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 Depop is a place for anyone to discover and . Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. From an enthusiasm for secondhand clothes to a sincere embrace of cultural fluidity, Generation Z are radically different to older demographic groups, according to wide-ranging research on their behaviours by Depop, the resale platform. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. About Depop Our leadership Facts and figures. As you can see, while looking practically identical at first glance, Depop and Vinted are two sides of the same coin. You can also save money on shipping by using Packlink to compare couriers and find the most cost-efficient solution. How do you do the magic of taking people on the algorithmically understood journey of things they might be looking for, but then continually inject inspiration and surprise?. A paid subscription is required for full access. The marketplaces will operate independently, while benefiting from shared expertise in areas such as product, marketing, technology, and customer support. Who we are. It must've been cuz I mentioned the BBB. Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. To answer that, we must take a closer look at the two. "To some degree, we have a closer relationship with Gen Z . 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. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Unfortunately, some users complained that the platform would hold your money for a long time before closing your accounts. Approximately 90% of Depop's active users are under the age of 26; and young consumers are adopting second-hand fashion faster than any other audience; According to Depop's monthly brand awareness surveys, it has high prompted awareness for the Gen Z demographic within the resale sector; Depop is the 10th most visited shopping site among Gen Z consumers in the U.S. Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. --Etsy, Inc., 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. 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. Depop, for example, charges its sellers 10% of each sale plus the possible PayPal fee for one's country. Depop boasts approximately 30 million registered users across 150 countries. Its important to have cultural fluidity, she says. While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. Forward-looking statements include all statements that are not historical facts. Ship. [3] Paolo Barberis and Nana Bianca were two of the first investors in the platform in 2012 with a seed investment. It allows users to buy and sell items, most of which are used . Company summary. Forward-looking statements include statements relating to our financial guidance for the first quarter of 2023 and key factors impacting our guidance; the impact of our Right to Win and other growth strategies, including our strategies for integrating our House of Brands marketplaces, marketing and product initiatives, and investments and other levers of growth on our business and operating results, including future gross merchandise sales (GMS) and revenue growth; our ability to attract, engage, and retain buyers and sellers; the global macroeconomic uncertainty and volatility, including inflation and rising interest rates; the status and impact of the macroeconomic headwinds and tailwinds, including additional or unforeseen impacts that COVID-19 and general market, political, economic, and business conditions may have on our business, strategy, operating results, key metrics, financial condition, profitability, and cash flows; our opportunity to reach new buyers; and uncertainty regarding and changes in overall levels of consumer spending and e-commerce generally. Its because theyre reliable, dont charge a bunch of taxes, and offer affordable rates. Unfortunately, Depop doesnt ship directly to Europe. Create an account to follow your favorite communities and start taking part in conversations. 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. [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. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. Expands our TAM in a large and fast-growing market, category or geography: Depop is expected to extend Etsy's market opportunity in the high frequency apparel sector, specifically in the fast-growing resale space. Items are usually secondhand or homemade. Whatever you're into, find the item and the seller for you on Depop. However, these can be dealt with by using Packlink to find the cheapest parcel delivery service. 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. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. A lot of that comes with fluidity and merging the lines of gender that we knew in fashion traditionally., Toms customers are tough to define or categorise. Depop is powered by a team of around 400 people, dedicated to our mission of fashion for a better future. To contact Depop customer service, go to the help desk page, enter your details and submit. [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]. It's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. Depop is a website and mobile app available in over 150 countries with over 26 million active users. 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. Decide your price. The only thing that I would change are the "plus . Countries. Describe what you're selling. Press J to jump to the feed. You must click the activation link in order to complete your subscription. [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. Depop has around 30 million users in over 150 countries, the majority of whom are young people. Like Depop, eBay charges a commission of 10% on all the items sold. That said, you can expect to ship your items at lower prices when using Vinted. [16] Celebrities have resold their own items on Depop, with some donating proceeds to charitable causes. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. If you think about selling your old clothes online, two reselling apps immediately spring to mind - Vinted and Depop. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. <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. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Vinted operate differently, with money not being transferred to your account immediately after the purchase. To receive packages from the United States, youre going to need to have an address based there. Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. Ganni, Patagonia and Reformation join pilot to decarbonise fashion, US retailers prepare for new normal in 2023 after rocky year, Chanel names Whitney Peak as new face of Coco Mademoiselle, The Long View by Vogue Business: Gen Zs power will reshape luxury, Post-pandemic playbook: What Gen Z want from physical retail, Fluidity, glamour and pop culture: The top trends of 2021, Enter your email to receive editorial updates, special offers and breaking news alerts from, From TikTok to Depop: Fashions new trend funnel. Contact Data CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For . 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. However, while both apps provide practically the same services, they differ in a few key areas. $1 Billion made by the Depop community to date. [Online]. The first difference is the market available. Depop is designed for sellers who want to sell items such as clothing, shoes, clothes, vintage clothes and items, and cheap streetwear. Goldman Sachs & Co. LLC served as exclusive financial advisor to Etsy, Deloitte as due diligence advisors, and Fenwick & West LLP and Allen & Overy LLP served as Etsy's legal advisors. Depop users who opt for using Royal Mail are penalised by being forced to pay Depop sales fees out of pocket and wait up to one month to receive their earnings. Tom Evans says Depop has become his primary source of income. 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. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. This extends to how these generations view life and society, but also fashion. Only limited information is available about the algorithms and modelling behind ChatGPT, which makes it difficult . Its marketplace connects over 21 million users, selling, buying, and exchanging second-hand clothes and accessories. Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. Have to complete the purchase to update your shipping address - Depop 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. They come to Depop for the clothes, but stay for the culture. Alternatives to Depop. The number of app users in the United Kingdom went from. That leads us to the question, which of these two reselling platforms is better? [5] Depop expanded and opened additional offices in Milan and New York City. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. [6] Beckerman raised 1 million in funding in October 2013 from Red Circle Investment and brought on Faroese Runar Reistrup as new CEO. Send your buyer a message thanking them and letting them know when you plan to ship; Ship ASAP using tracked delivery. The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). Depop promises not to share your details with third parties. - 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 statistic alerts) please log in with your personal account. However, we have a pretty simple solution that gets around this restriction. The site . Both apps also target slightly different audiences. Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. 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. 90% of Depop's active users are under the age of 26.Depop. Forward-looking statements include statements related to our potential addressable market,the potential benefits of the acquisition of Depop, expected impact of the acquisition of Depop on Etsy's future financial performance and the potential impact on Etsy's consolidated financial results, the anticipated timing of the closing of the acquisition of Depop, the anticipated impact of applying Etsy's expertise to Depop's business and the potential of Depop's business. To receive the Vogue Business newsletter, sign up here. ". 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. 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. As a Premium user you get access to the detailed source references and background information about this statistic. It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. It is largely targeted at Gen Z shoppers Aria says it's because Depop is about people, not just about the item being sold "We're not just a platform for people to buy and sell. This means that you will need a U.S., Canada, Australia, India, or UK billing and shipping address, as well as a U.S., Canada, Australia, India, or UK internet provider (IP) address. Depop should know. 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%. You can also email them at support@depop.com. Depop's GMS grew at a compounded annual growth rate of nearly 80% from 2017-2020. Both platforms are dominant forces, connecting 21 and 26 million users worldwide, respectively. Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. "Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions)." Airnow. At Etsy, we promise to treat your data with respect and will not share your information with any third party. Swappa is a peer-to-peer marketplace that allows you to sell and buy used electronics. According to positive reviewers, Depop allowed them to start their small business. Its not so long ago that many people wouldnt have thought of themselves as potential resellers, he says. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Profit from the additional features of your individual account. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. There are plenty of resources available to help you cleared up any questions you may have. Please read the full Terms of use and Privacy Policy. And forget all about contacting their support. Available on Android and iOS (free) Another great app for the starving student! Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. Comments, questions or feedback? Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. You then use this address for your deliveries, and theyll automatically forward them to your home country. 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. June 2, 2021. I always say we owe ourselves authenticity. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. If you have several packages, MyUS can bundle the packages into one order. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. If you look around online, youll find a bunch of companies in the U.S. offering physical United States addresses to customers located overseas. Chart. Investor Relations Manager, Advances leadership in community-driven and differentiated marketplaces, Etsy to acquire global fashion resale marketplace Depop. In interviews with nearly a dozen Depop users, BoF heard numerous reports of women being inundated with sexual messages. ETSY. Algeria. When it comes to newness, this generation has a new lens through which they see new.. How to Deliver Items from the Depop Online Store to Europe Compare features, ratings, user reviews, pricing, and more from Depop competitors and alternatives in order to make an informed decision for your business. 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 This type of service is called Freight Forwarding. VP of Investor Relations, Jessica Schmidt
", 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. [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. 26M+ registered users over 150 countries. That way youll receive all of your items together instead of one at a time. Vinted and Depop have different payment policies. 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. The app is currently available only in European countries, but it's expected to soon be available in the US too. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. With 4 million active buyers and 2 million . don't give up! Some of the motivations for using Depop come as no surprise 75 per cent of those surveyed are looking to reduce clothing consumption. This partly refers to self-identity. Depop is the marketplace where you can explore your style. Does the Depop online store ship items overseas to Europe? 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. 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. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. [11][12], Depop is a social e-commerce platform where users can buy and resell their items. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. The benefit of this service is you can order from anywhere in the United States and get your items shipped to Europe. however, despite it being 3-4 days since delivery (on the transaction info it actually says i should have gotten the money within 1 day of delivery), it still says my payment is on hold. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 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. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. We disclaim any obligation to update forward-looking statements, except as required by law. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Take up to four photos. . hi! Currently, you are using a shared account. Access to this and all other statistics on 80,000 topics from, Show sources information Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Prior to agreeing a sale to Etsy, Depop had raised a total of $105.6 million from investors including General Atlantic, Creandum, Balderton Capital, Octopus Ventures and Klarna CEO and co-founder Sebastian Siemiatkowski, according to data from Crunchbase. Place your item in a box or shipping envelope, available at office supply stores or the post office. These are called 'Shop Policies,' stating whether you accept returns as a seller. 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. It is one of the few success stories of the dot-com bubble, which . You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. But their interest in secondhand clothes also has significance beyond save-the-planet instincts. Thrift stores, in the Poway area, are pretty cheap. Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. Please create an employee account to be able to mark statistics as favorites. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. to incorporate the statistic into your presentation at any time. 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. Up to 140,000 new listings every day. However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. 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.
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