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. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. We want to hear from you. It is largely targeted at Gen Z shoppers It's also recommended to refresh and bump your listings for them to stay at the top of the search. $1 Billion made by the Depop community to date.
You need a Statista Account for unlimited access. Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. 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's easy to get started - just create an account to start selling. 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. The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). ", 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. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. Its not so long ago that many people wouldnt have thought of themselves as potential resellers, he says. Access to this and all other statistics on 80,000 topics from, Show sources information To receive packages from the United States, youre going to need to have an address based there. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. Etsy has sufficient available liquidity to fund the acquisition. Here in the United States, it doesn't. [12] It is the 10th most-visited shopping platform for Gen Z consumers in the US,[18] and, in a poll conducted by The Strategist in 2019, Depop was voted by teenagers as their favorite resale website. Depop has evolved to become the community-powered fashion marketplace to buy and sell unique fashion, with approximately 30 million registered users in more than 150 countries. 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. The freight forwarder accepts the package on your behalf. To use individual functions (e.g., mark statistics as favourites, set Depop also pays via PayPal compared to Decluttr, which uses Direct deposit, PayPal, and Check. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. The user base on Depop is also younger than on Vinted, which, in exchange, has a more international user base. 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. As a Premium user you get access to the detailed source references and background information about this statistic. The only pricey item I've found is a pantsuit that cost around $20. Depop is powered by young influencers like 20-year-old Moira Campos who is one of Depop's top sellers. You then use this address for your deliveries, and theyll automatically forward them to your home country. 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. Unlike Depop sellers, Vinted sellers don't pay any fees. Fluidity extends beyond gender identity. You must click the activation link in order to complete your subscription. Having a rating of 1.7 on Reviews.io, 3.3 on Trustpilot, and 1.7 on Sitejabber, the website has attracted both positive and negative reviews. Shares our two-sided marketplace business model: Depop is a peer-to-peer marketplace with similar capital-light operating model and financial characteristics. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. The deal marks the biggest acquisition yet for Etsy, which went public on the New York Stock Exchange in 2015. Following the close of this transaction, Etsy Inc. will operate three highly differentiated, non-commoditized and loved ecommerce brands: Etsy, Reverb, and Depop. View original content:http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. We disclaim any obligation to update forward-looking statements. . For Semple, physical events remain hugely relevant. [8][bettersourceneeded], In June 2019, Depop raised $62 million in Series C from General Atlantic to fund its expansion. 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. Many sellers model the clothes they sell themselves. Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. 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 . It really makes us think about, how do we serve these journeys? ", 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. [16] Celebrities have resold their own items on Depop, with some donating proceeds to charitable causes. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. 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 Swappa is a peer-to-peer marketplace that allows you to sell and buy used electronics. hi! 4 locations detected. 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. And it doesn't look like there's a way to list items from a computer. Depop is a website and mobile app available in over 150 countries with over 26 million active users. Therefore, Vinted might be a better choice for a casual seller interested in making some extra money. MyUS is one of the best freight forwarders available and its our favorite. However, we have a pretty simple solution that gets around this restriction. GET SERVICE INSTANTLY . That presents a challenge for Depop. By providing your email address below, you are providing consent to Etsy to send you the requested Investor Email Alert updates. Depop's world-class management team and employees have done a fantastic job nurturing this community and driving organic, authentic growth in a way that aligns well with Etsy's DNA and mission of Keeping Commerce Human. Depop's beginnings were also relatively humble. 26M+ registered users over 150 countries. 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. Get full access to all features within our Business Solutions. An overwhelming 90 per cent of its active users are under the age of 25. I'm trying to figure out an alternative atm 10 They come to Depop for the clothes, but stay for the culture. A paid subscription is required for full access. However, while the idea behind the two is similar, there are some key differences between Vinted and Depop. Vinted, for instance, is generally more focused on the transactional side. A copy of the presentation that will be covered on the conference call will also be posted to our website. Place your item in a box or shipping envelope, available at office supply stores or the post office. Here are some vital facts and figures about how Depop works today. Type Subsidiary . Now, were assuming that you neither own a house there or do you have relatives living there, so how is this even possible? [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. [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. Whatever you're into, find the item and the seller for you on Depop. It is one of the few success stories of the dot-com bubble, which . 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. Currently, you are using a shared account. The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. Chart. 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. 22. In an age of financial uncertainty, young people are taking finances into their own hands. Get Potential buyers to make bids for the item and agree on the final price. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. ", "Is Depop being gentrified? 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. i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through its online marketplace. 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. What distinguishes Depop from Vinted is its emphasis on social features, working as a social network app in addition to being a reselling marketplace. 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. Subscribe to receive weekly Side Hustle recommendations. About Depop Our leadership Facts and figures. To contact Depop customer service, go to the help desk page, enter your details and submit. . Take a picture of the item, describe it, set a price for it, and post. The stock was up about 6.7% Wednesday afternoon. Its report, released this Monday, unpacks Gen Zs collective behaviours in a pandemic world and beyond. Depop boasts approximately 30 million registered users across 150 countries.
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. 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. Algeria. Bahrain. To answer that, we must take a closer look at the two. Platforms should cater for all levels of buyer and seller, says Depops Semple. This extends to how these generations view life and society, but also fashion. You can then. Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. Depop promises not to share your details with third parties. It's a bit more buyer-friendly, encouraging users to make quick transactions and enabling them that by intuitive and straightforward service. For sellers, we offer a range of tools and services that address key business needs. Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. When you click on 23-year-old Lyuu's Depop shop, you'll see a collection of pink, black, red and white gothic and vintage clothing from a designer Dior bag that costs nearly two grand to an . The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. 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.". You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Why do we think MyUS is the best? They come to Depop for the clothes, but stay for the culture. 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 is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. With over 26 million 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. Depop Summary. Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. OLIO. That said, you can expect to ship your items at lower prices when using Vinted. Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. If you look around online, youll find a bunch of companies in the U.S. offering physical United States addresses to customers located overseas. . Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. We disclaim any obligation to update forward-looking statements, except as required by law. The first difference is the market available. Forward-looking statements include all statements that are not historical facts. Poshmark is currently only available in the United States, Canada, Australia, India, and the United Kingdom. Others were also unhappy with the customer service describing it as unresponsive. It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. Our company was founded in 2005 and is headquartered in Brooklyn, New York. Once the package is received, the freight forwarder will ship the package directly to you in Europe. Depop | Buy & Sell Clothing on the App Store This app is available only on the App Store for iPhone. This presentation contains forward-looking statements within the meaning of the federal securities laws. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Depop, on the other hand, is a better choice for a small business. June 2, 2021. But let's talk about differences. 12.9% of the sale price or lower, plus $0.30 per order. 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. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. We estimate that one in four 15-24-year old's in Australia are on Depop," says Aria Wigneswaran, Country Manager Australia, Depop.. Popular sellers on the platform often go on to become social media influencers. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. 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?. 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 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. But why Depop? The first difference is the market available. 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. This button displays the currently selected search type. Who we are. Unfortunately, Depop doesn't ship directly to Europe. Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. Leading fashion e-commerce companies worldwide 2022, by market cap, EV/EBITDA of leading fashion e-commerce companies worldwide 2021-2023, Global consumers reasons for returning clothes bought online 2021, Main online impulse purchases worldwide 2022, by gender. 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. Profit from the additional features of your individual account. Its a fairly common question we often see asked, and the answer isnt all that clear. SourceForge ranks the best alternatives to Depop in 2022. That leads us to the question, which of these two reselling platforms is better? <br><br>I have demonstrated skills and experience in public relations, fashion marketing, and fashion communications. 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. Which one is better, though? Available everywhere. Compare Depop alternatives for your business or organization using the curated list below. You have successfully joined our subscriber list. Press J to jump to the feed. Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. Email us at feedback@voguebusiness.com. 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. Depop | Buy & Sell Clothing 12+ Resale Marketplace for Clothes Depop Ltd #60 in Shopping 4.8 399.1K Ratings Free iPhone Screenshots Buy. . [6] Most active users of Depop are located in the United Kingdom, Australia, United States and Italy. Depop is a peer-to-peer social shopping app based in London that first launched in 2011. Both platforms are dominant forces, connecting 21 and 26 million users worldwide, respectively. Comments, questions or feedback? to incorporate the statistic into your presentation at any time. How to Deliver Items from the Depop Online Store to Europe From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. [5] Depop expanded and opened additional offices in Milan and New York City. Click here to view 60+ Websites to Sell Stuff. Get paid fast when your item sells. If you are an admin, please authenticate by logging in again. Others also described the platform as an easy-to-use selling platform. Weve been a long time customer of MyUS, and weve never had any issues with their service. 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. Depop is a reliable website that allows you to buy and sell items. 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 benefit of this service is you can order from anywhere in the United States and get your items shipped to Europe. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. Compare features, ratings, user reviews, pricing, and more from Depop competitors and alternatives in order to make an informed decision for your business. 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. don't give up! Take up to four photos. Secondhand may be sustainable but its also cool. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The company, founded by Simon Beckerman in 2011, is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney, with approximately 400 employees dedicated to its mission of building the world's most diverse progressive home of fashion, that's kinder on the planet and kinder to people. 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. An overwhelming 90 per cent of its active users are under the age of 25. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. On this Wikipedia the language links are at the top of the page across from the article title. November 8, 2021. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). ETSY. 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. 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. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. With a website and apps available on both iOS and Android, Depop promises to be an online shopping. You can sign up for additional alert options at any time. In addition, Etsy, Inc. owns Reverb, a leading global online marketplace dedicated to buying and selling new, used, and vintage musical instruments. 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. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash.