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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. Depop is a popular second-hand fashion marketplace app with a global community of buyers and sellers. [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. Depop promises not to share your details with third parties. About Depop - Depop newsroom $1 Billion made by the Depop community to date. 26M+ registered users over 150 countries. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. 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. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. 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. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. Depop's 2020 gross. 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. Poshmark is available in the U.S., Canada, India, and Australia, but at this time Poshers cannot buy or sell outside of their country. OpenAI explain why some countries are excluded from - nature.com Forward-looking statements represent our beliefs and assumptions only as of the date hereof. These are called 'Shop Policies,' stating whether you accept returns as a seller. As in most cases, it depends. Accessed March 04, 2023. https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Airnow. Pay for the item, tell the seller where to ship it, and pay for it. 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. When we do drops, its really hard to kind of nail down an aesthetic.. Shares our two-sided marketplace business model: Depop is a peer-to-peer marketplace with similar capital-light operating model and financial characteristics. Unfortunately, Depop doesnt ship directly to Europe. my buyer. LocationsView all. The company was founded in 2011 and is headquartered in London . Abigail Cooper - Seller - Depop | LinkedIn A Division of NBCUniversal. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. Depop is powered by young influencers like 20-year-old Moira Campos who is one of Depop's top sellers. MyUS is one of the best freight forwarders available and its our favorite. I always say we owe ourselves authenticity. This extends to how these generations view life and society, but also fashion. Items are usually secondhand or homemade. People want the opportunity to buy and sell, but also they want this inspirational layer and entertainment through their experiences.. 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. How the Depop generation thinks | Vogue Business Depop reports having over 30 million registered users in over 150 countries. In light of such risks, readers are cautioned not to place undue reliance on such forward-looking statements. . Sellers can set up their Depop shop and quickly list . 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. While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. Get paid for the item and start the shipping process. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. Thrift stores, in the Poway area, are pretty cheap. It does come with fees and higher shipping costs. 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. Depop Review 2023 - Plans, Pros, Cons and Alternatives - DollarBreak With a background in economics and now e-business, she has joined Dollarbreak to share her experience, to help individuals make sound financial decisions revolving around budgeting, spending, money making and investing. Users can pay for items using PayPal. Social selling site Depop on why quantity is the key to quality As a mobile app, it is available on iOS and Android platforms. You need a Statista Account for unlimited access. Chart. r/Depop on Reddit: Contacted depop on Twitter about the banner showing DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. While Decluttr focuses on selling media stuff such as used tech and media such as CDs, DVDs, and Blu-rays, Depops primary focus is selling clothing, shoes, and other items. "To some degree, we have a closer relationship with Gen Z . Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. Best Depop Alternatives & Competitors - SourceForge It must've been cuz I mentioned the BBB. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. Depop also pays via PayPal compared to Decluttr, which uses Direct deposit, PayPal, and Check. About Depop Our leadership Facts and figures. To download the Depop mobile app, go to Google Play and click download. We're excited to build a 'house of brands' where the whole is greater than the sum of its parts.". In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. Unfortunately, some users complained that the platform would hold your money for a long time before closing your accounts. eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. It's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. Men's Black and Blue Trainers | Depop [5] Depop expanded and opened additional offices in Milan and New York City. Commercial Credit Report for Etsy Inc - Report Preview [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. Here are eight brands that have collaborated with Depop to creatively reach young shoppers as they're shopping secondhand: Papa John's Food brands have been making their own merch to connect with young consumers for quite some time, and Papa John's has put their own spin on the marketing trend. 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%. 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. The vintage items are also great since fashion often brings back past trends from time to time. The freight forwarder accepts the package on your behalf. Create Web Version and Android iOS App Similar Depop Second-hand clothing A copy of the presentation that will be covered on the conference call will also be posted to our website. For sellers, we offer a range of tools and services that address key business needs. 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. 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 powered by a team of around 400 people, dedicated to our mission of fashion for a better future. Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. <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. Depop, for example, charges its sellers 10% of each sale plus the possible PayPal fee for one's country. Statista. On this Wikipedia the language links are at the top of the page across from the article title. You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. Get this delivered to your inbox, and more info about our products and services. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. You then use this address for your deliveries, and theyll automatically forward them to your home country. Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. Deb Wasser Young people buy clothes online - level 3 - News in Levels You can unsubscribe at any time. 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. This presentation contains forward-looking statements within the meaning of the federal securities laws. It really makes us think about, how do we serve these journeys? Then I sent them this. Depop | LinkedIn [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. Depop's beginnings were also relatively humble. 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. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. Is Depop Down? Why Is Depop Not Working Right Now? Get The Truth Here ", 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. Depop is the marketplace where you can explore your style. UK: Depop app monthly active users 2021 | Statista Unfortunately, Depop doesn't ship directly to Europe. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. 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. What are the Other Ways to Make Money on Depop? 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. You have successfully joined our subscriber list. The network currently has more than 15 million users in 147 countries, skewed heavily towards those aged under 26, with plans to expand across Europe and Asia. The user base on Depop is also younger than on Vinted, which, in exchange, has a more international user base. Please read the full Terms of use and Privacy Policy. If you think about selling your old clothes online, two reselling apps immediately spring to mind - Vinted and Depop. by Jerret West, CVP Gaming Marketing, Xbox Feb 28, 2023 @ 12:01am. You must click the activation link in order to complete your subscription. The marketplaces will operate independently, while benefiting from shared expertise in areas such as product, marketing, technology, and customer support. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. For Gen Z, the trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. To contact Depop customer service, go to the help desk page, enter your details and submit. 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. It's also recommended to refresh and bump your listings for them to stay at the top of the search. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Sr. Director of Investor Relations, Patricia Cruz 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. Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. That said, you can expect to ship your items at lower prices when using Vinted. 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. A lot of people in my generation have that set-up income from a few little baskets, he says. 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. 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. The only thing that I would change are the "plus . . 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. Y, 2019. Depop - Start Selling View original content:http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. Get the item and o rate your experience with the seller. The Depop plan sets out a series of targets to hit by the end of 2021. If you are an admin, please authenticate by logging in again. It's a bit more buyer-friendly, encouraging users to make quick transactions and enabling them that by intuitive and straightforward service. Can I buy and sell on Poshmark if I'm not in the United States? Like Depop, Decluttr is free to download and use. I agree to receive your newsletter. Disclosure. ", 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. The deal marks the biggest acquisition yet for Etsy, which went public on the New York Stock Exchange in 2015. Today, Depop is a place where millions of users come to celebrate their style and discover culture. Comments, questions or feedback? <br><br>In the year between finishing my undergraduate degree and beginning my postgraduate studies, I completed as many contract internship . As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor. The platform's "Explore" page features items picked out by Depop staff. You need at least a Starter Account to use this feature. We disclaim any obligation to update forward-looking statements, except as required by law. Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre. You can also email them at support@depop.com. Depop is a peer-to-peer social shopping app. 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. Learn more about how Statista can support your business. [4] Its headquarters were moved to London in 2012. Alternatives to Depop. And it doesn't look like there's a way to list items from a computer. If you experience any issues with this process, please contact us for further assistance. On paper, Depop and Vinted offer the exact same services, connecting second-hand clothing sellers with buyers. 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. Press J to jump to the feed. The default refresh interval is a random number between 1 and 3 seconds. , Aug 2, 2022 London-based social shopping platform app Depop was highly benefited by the e-commerce boom during the COVID-19 pandemic. All Rights Reserved. BROOKLYN, NY 11201 United States. Create an account to follow your favorite communities and start taking part in conversations. In addition, Etsy, Inc. owns Reverb, a leading global online marketplace dedicated to buying and selling new, used, and vintage musical instruments. Moreover, we operate in a very competitive and rapidly changing environment. Facts and figures | Depop Newsroom Platforms should cater for all levels of buyer and seller, says Depops Semple. OpenAI explain why some countries are excluded from ChatGPT Download PDF. Sign up for free newsletters and get more CNBC delivered to your inbox. "Australia is Depop's third largest market. Currently, you are using a shared account. 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. They come to Depop for the clothes, but stay for the culture. It's easy to get started - just create an account to start selling. With roughly 30 million registered users across nearly 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. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. 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 . 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. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. 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. Then you can access your favorite statistics via the star in the header. Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. 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 to acquire global fashion resale marketplace Depop 2023 CNBC LLC. Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. Community Affiliates Manager, Depop Socialfixt --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. The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. Sky warns: "Don't let your photo be more distracting than the product you're selling.". Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. However, while the idea behind the two is similar, there are some key differences between Vinted and Depop. Email us at feedback@voguebusiness.com. [6] Most active users of Depop are located in the United Kingdom, Australia, United States and Italy. Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. Subscribe to receive weekly Side Hustle recommendations. Now, were assuming that you neither own a house there or do you have relatives living there, so how is this even possible? 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. Our company was founded in 2005 and is headquartered in Brooklyn, New York. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash. Sell. Poshmark is best known for women's fashion, trendy brands, and higher-end clothing and accessories. Now imagine if someone came through and bought a pair of pants for $12 . 147. That leads us to the question, which of these two reselling platforms is better? 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. Users can buy and sell clothing, accessories, and beauty products. Etsy to acquire global fashion resale marketplace Depop It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. November 8, 2021. As a Premium user you get access to background information and details about the release of this statistic. 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. Etsy to acquire global fashion resale marketplace Depop However, we have a pretty simple solution that gets around this restriction. 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. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Dont expect easy answers. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. Depop's GMS grew at a compounded annual growth rate of nearly 80% from 2017-2020. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. It allows users to buy and sell items, most of which are used and vintage pieces of clothing. Pop-Tarts x Depop is Here For Fashion and Food Fans Craving Unique Bahrain.