Deb Wasser "To some degree, we have a closer relationship with Gen Z . Alternatives to Depop. Weve been a long time customer of MyUS, and weve never had any issues with their service. Etsy expects to share more information in conjunction with its second quarter 2021 financial results. Previous investors HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus Ventures, TempoCap and Sebastian Siemiatkowski also participated. Get full access to all features within our Business Solutions. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. Today, Depop is a place where millions of users come to celebrate their style and discover culture. With a website and apps available on both iOS and Android, Depop promises to be an online shopping. 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. Young people buy clothes online - level 3 - News in Levels Are you interested in testing our business solutions? Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. Like Depop, Swappa pays via PayPal. Best Depop Alternatives & Competitors - SourceForge Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash. Phones,laptops,wearables,Tablets,video games, Electronic, fashion,health, and beauty products, No limit to the type of products you can sell. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. You can also move the money to your bank account once its transferred to PayPal. The only thing that I would change are the "plus . With over 26m users in more than 150 countries, Depop is the place for anyone looking to celebrate style on their terms and keeping millions of items of clothing in rotation. She has about 40,000 followers, and selling clothes online has become a full-time job for her. ", 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.". Unlike Depop sellers, Vinted sellers don't pay any fees. Use Ask Statista Research Service. don't give up! The website was launched in 2011 as a social network for PIG magazine readers wanting to buy featured items. If you are an admin, please authenticate by logging in again. 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. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. Email us at [email protected]. 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. 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. The platform's "Explore" page features items picked out by Depop staff. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. <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. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. This button displays the currently selected search type. June 2, 2021. Who we are. How do we make sure we have the right tools for you if you want to effectively be a casual seller (of which there are many more than there were one year ago). Depop boasts approximately 30 million registered users across 150 countries. Depop proudly states that 90 percent of its active users are under 26. [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. In other words, Depop is basically Instagram, but with more transparency about the fact that it's selling you stuff. PC Game Pass Preview is Available for Insiders in 40 New Countries 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. <br><br>In the year between finishing my undergraduate degree and beginning my postgraduate studies, I completed as many contract internship . Then you can access your favorite statistics via the star in the header. Depop | Buy & Sell Clothing 12+ Resale Marketplace for Clothes Depop Ltd #60 in Shopping 4.8 399.1K Ratings Free iPhone Screenshots Buy. 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. 26M+ registered users over 150 countries. Depop is the app for you . Depop: Can pre-loved clothes make fast fashion sustainable? Essentially, youll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. Some of the motivations for using Depop come as no surprise 75 per cent of those surveyed are looking to reduce clothing consumption. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 22. Etsy Shells Out $1.6B to Buy Depopand to Reach Gen Z - Adweek The vintage items are also great since fashion often brings back past trends from time to time. Create an account to follow your favorite communities and start taking part in conversations. 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. Users can buy and sell clothing, accessories, and beauty products. Get Potential buyers to make bids for the item and agree on the final price. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. 90% of Depop's active users are under the age of 26.Depop. Overview. [3] Paolo Barberis and Nana Bianca were two of the first investors in the platform in 2012 with a seed investment. Depop is a popular second-hand fashion marketplace app with a global community of buyers and sellers. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. 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. Those interested in submitting questions during the conference call can do so by using the Q&A chat window, which will be available during the webcast. Europe Secondhand E-Commerce Market Report 2021 with 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. With 4 million active buyers and 2 million . "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. 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. Etsy to acquire global fashion resale marketplace Depop The Dark Side of Depop | BoF - The Business of Fashion This press release (including statements quoted in this press release) contains forward-looking statements within the meaning of the federal securities laws. For Semple, physical events remain hugely relevant. 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. It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. That way youll receive all of your items together instead of one at a time. (November 8, 2021). You can unsubscribe at any time. [11][12], Depop is a social e-commerce platform where users can buy and resell their items. It caters to a variety of different fashion pieces such as designer, vintage, and streetwear. A Division of NBCUniversal. [15], Depop has garnered criticism from users and critics due to a number of its sellers buying clothes from thrift shops and reselling them for higher prices than they were purchased for. As soon as this statistic is updated, you will immediately be notified via e-mail. Many sellers model the clothes they sell themselves. You can use it to browse listings by your neighbours and local shops with a surplus of food or other products. Depop's beginnings were also relatively humble. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. [6] Most active users of Depop are located in the United Kingdom, Australia, United States and Italy. However, we have a pretty simple solution that gets around this restriction. Test out different poses. You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. Fluidity extends beyond gender identity. 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 "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. by Jerret West, CVP Gaming Marketing, Xbox Feb 28, 2023 @ 12:01am. eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. How Brands Are Collaborating with Depop to Reach Young Shoppers As covered, Vinted connects 21 million users worldwide, operating in 15 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. Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. Vinted and Depop have different payment policies. At Etsy, we promise to treat your data with respect and will not share your information with any third party. Depop is a legitimate app that lets sellers sell items and buyers buy items; hence not a scam. . 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 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 mission statement is "to change the way people buy, sell and think about fashion." Is Depop second hand? Date of release is date of access.Figures have been rounded. Unfortunately, some users complained that the platform would hold your money for a long time before closing your accounts. Unfortunately, Depop doesnt ship directly to Europe. trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor. 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. 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. 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. 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. It's easy to get started - just create an account to start selling. You can only download this statistic as a Premium user. November 8, 2021. Etsy has sufficient available liquidity to fund the acquisition. Which one is better, though? It must've been cuz I mentioned the BBB. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Place your item in a box or shipping envelope, available at office supply stores or the post office. 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. Community Affiliates Manager, Depop Socialfixt Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. The app is also meant for buyers looking for items they can buy. I agree to receive your newsletter. 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?. Got a confidential news tip? The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. Please do not hesitate to contact me. I'm trying to figure out an alternative atm 10 Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. Main Menu - packlink.com Press J to jump to the feed. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. The app is currently available only in European countries, but it's expected to soon be available in the US too. US Teens Sell More on Depop Than Their UK Counterparts - Business Insider 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. 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. Engineering Manager Job London England UK,IT/Tech Take up to four photos. Whatever you're into, find the item and the seller for you on Depop. BROOKLYN, NY 11201 United States. hi! Depop is a legitimate app that allows sellers and buyers to trade their items hence not a scam. depop settings on computer Therefore, Vinted might be a better choice for a casual seller interested in making some extra money. According to positive reviewers, Depop allowed them to start their small business. MyUS is one of the best freight forwarders available and its our favorite. If you think about selling your old clothes online, two reselling apps immediately spring to mind - Vinted and Depop. The first difference is the market available. Sky warns: "Don't let your photo be more distracting than the product you're selling.". It's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. 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. Both apps also target slightly different audiences. 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. 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. Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. . 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 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. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. Social selling site Depop on why quantity is the key to quality eBay Revenue and Usage Statistics (2023) - Business of Apps 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. Depop payments are transferred directly to your PayPal account, and no intermediary is involved in handling transactions. to incorporate the statistic into your presentation at any time. Its important to have cultural fluidity, she says. In light of these risks, uncertainties and assumptions, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. It does come with fees and higher shipping costs. Tom Evans says Depop has become his primary source of income. Investor Relations Manager, Advances leadership in community-driven and differentiated marketplaces, Etsy to acquire global fashion resale marketplace Depop. You must click the activation link in order to complete your subscription. Decide your price. For sellers, we offer a range of tools and services that address key business needs. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. It allows users to buy and sell items, most of which are used and vintage pieces of clothing. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. Document Access to this and all other statistics on 80,000 topics from, Show sources information Ebay has a working international search so sellers aren't forced to do it, on depop you have to change your location manually to see listings from other countries. ETSY. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. This is a fluid generation defying categorisation in every sense, Levato says. Get this delivered to your inbox, and more info about our products and services. But their interest in secondhand clothes also has significance beyond save-the-planet instincts. Pop-Tarts x Depop is Here For Fashion and Food Fans Craving Unique Depop is a social shopping app that has been described as a mix of eBay and Instagram. Discover unique fashion. 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. Decluttr is an online app that allows you to sell your used media. 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.
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