The website was launched in 2011 as a social network for PIG magazine readers wanting to buy featured items. Get paid fast when your item sells. A copy of the presentation that will be covered on the conference call will also be posted to our website. 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. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. OLIO. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Research expert specializing in economy and politics, Profit from additional features with an Employee Account. Depop is the marketplace where you can explore your style. ", 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.". As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. Others also described the platform as an easy-to-use selling platform. These risks and uncertainties include, among others, the possibility that the conditions to the closing of the acquisition of Depop may not be satisfied or waived or that other events may cause the acquisition to not be completed, the potential impact to the business of Depop or Depop's relationships with its marketplace community due to the announcement of the acquisition, Etsy's ability to successfully integrate the acquisition and execute on its business plan and 'house of brands' operating model, and general economic conditions, many of which are beyond Etsy's control, and other risks and uncertainties that are more fully described in our filings with the Securities and Exchange Commission, including in the section entitled "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and subsequent reports that we file with the Securities and Exchange Commission. And it doesn't look like there's a way to list items from a computer. The company was founded in 2011 and is headquartered in London . GET SERVICE INSTANTLY . [8][bettersourceneeded], In June 2019, Depop raised $62 million in Series C from General Atlantic to fund its expansion. funds from depop transaction still on hold despite - PayPal Community Selling on Poshmark vs. Selling on Depop - Vendoo About Depop - Depop newsroom While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. Main Menu - packlink.com Place your item in a box or shipping envelope, available at office supply stores or the post office. To answer that, we must take a closer look at the two. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission, including in the section entitled Risk Factors in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, and subsequent reports that we file with the Securities and Exchange Commission. Depop is a legitimate app that allows sellers and buyers to trade their items hence not a scam. Since Depop has attracted young people, you can expect a lot of clothing and other items to be approved by the millenials. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. Fluidity extends beyond gender identity. Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. Depop and Paypal have been accused of collectively deceiving users into using their preferred private shipping partner, Evri, previously known as Hermes, a courier firm marred by allegations that its drivers mishandle parcels. 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. Instead, the app uses an escrow service that holds the money in your Vinted wallet until the buyer gets and accepts the item. Like Depop, eBay charges a commission of 10% on all the items sold. US Teens Sell More on Depop Than Their UK Counterparts - Business Insider As of today, Vinted is available in 15 countries. Ticker: ETSY. Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. Profit from the additional features of your individual account. The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. View original content:http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. Decide your price. Depop Revenue and Usage Statistics (2023) - Business of Apps Etsy Names Kruti Patel Goyal Chief Executive Officer of Depop and The only thing that I would change are the "plus . With a website and apps available on both iOS and Android, Depop promises to be an online shopping. This extends to how these generations view life and society, but also fashion. PC Game Pass Preview is Available for Insiders in 40 New Countries Depop's beginnings were also relatively humble. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. An overwhelming 90 per cent of its active users are under the age of 25. Overview. 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?. You need at least a Starter Account to use this feature. A lot of people in my generation have that set-up income from a few little baskets, he says. [5] Depop expanded and opened additional offices in Milan and New York City. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. 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 is a reliable website that allows you to buy and sell items. I'm trying to figure out an alternative atm 10 [4] Its headquarters were moved to London in 2012. Depop, on the other hand, is a better choice for a small business. An overwhelming 90 per cent of its active users are under the age of 25. 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. "Monthly Active Users (Mau) of The Depop App in The United Kingdom (Uk) from January 2018 to October 2021 (in Millions). Up to 140,000 new listings every day. 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. We disclaim any obligation to update forward-looking statements, except as required by law. This partly refers to self-identity. Vinted also works as an intermediary between sellers and buyers, helping resolve issues. i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. Etsy's mission is to keep commerce human, and we're committed to using the power of business to strengthen communities and empower people. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. For Gen Z, the trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. As people are given access to so many different types of inspiration, whether its peer-to-peer or the mix of influence you can get from each type of influential figure, each individual is fluid in their style, their self-expression., Hadiyah Hussain communicates her South Asian culture through her brand on Depop, which features screen-printed pieces for all genders and sizes. Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. The platform's "Explore" page features items picked out by Depop staff. 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. What Is Depop? All Your Online Thrifting QuestionsAnswered These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. Get this delivered to your inbox, and more info about our products and services. Depop Resellers: Is It Ethical? - The Iliad In, Airnow. The Dark Side of Depop | BoF - The Business of Fashion Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. The marketplaces will operate independently, while benefiting from shared expertise in areas such as product, marketing, technology, and customer support. Our company was founded in 2005 and is headquartered in Brooklyn, New York. Depop's GMS grew at a compounded annual growth rate of nearly 80% from 2017-2020. However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. Use Ask Statista Research Service. While no seller likes to pay fees, they are integral to online selling. Sky warns: "Don't let your photo be more distracting than the product you're selling.". Following the closing of the transaction, currently anticipated to occur during the third quarter of 2021, Depop will continue to be headquartered in London, England and operate as a standalone marketplace run by its existing leadership team. 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. To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. Prices for clothing range from $3-$15. $1 Billion made by the Depop community to date. Depop is a peer-to-peer social shopping app. SourceForge ranks the best alternatives to Depop in 2022. The user base on Depop is also younger than on Vinted, which, in exchange, has a more international user base. 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. don't give up! Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. Can I buy and sell on Poshmark if I'm not in the United States? You can then. Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. While some users complained of poor customer service, Depop can help you make extra money online. 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. The app is also meant for buyers looking for items they can buy. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Then I sent them this. Y, 2019. Forward-looking statements include all statements that are not historical facts. To receive packages from the United States, youre going to need to have an address based there. [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]. Essentially, you'll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. 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. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. This is a fluid generation defying categorisation in every sense, Levato says. Users can pay for items using PayPal. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. Depop Summary. In an age of financial uncertainty, young people are taking finances into their own hands. Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. Using a Vinted or Depop app, users can sell, buy, or exchange their used clothes. Depop, which first emerged from an Italian tech incubator in 2011, then established its headquarters in London, is a dark horse in the fashion ecom wars. What distinguishes Depop from Vinted is its emphasis on social features, working as a social network app in addition to being a reselling marketplace. 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. . The company will send a six-digit code that you can use to verify your account. 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 . Both platforms are dominant forces, connecting 21 and 26 million users worldwide, respectively. Popular sellers on the platform often go on to become social media influencers. 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. 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. 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 freight forwarder accepts the package on your behalf. 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. . 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. <p>Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. (November 8, 2021). Community Affiliates Manager, Depop Socialfixt Depop should know. Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. Forward-looking statements represent our beliefs and assumptions only as of the date hereof. You can use it to browse listings by your neighbours and local shops with a surplus of food or other products. It was established in 2011 by Simon Bekerman and now has over 15 million . In November 2019, Business of Fashion reported that users within the Depop app were receiving sexually suggestive messages.[23]. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. We're a community that inspires and connects our users." Depop Company Profile - Office Locations, Competitors - Craft Conduct your own research and seek the advice of a licensed financial advisor. Which one is better, though? Now imagine if someone came through and bought a pair of pants for $12 . Online marketplace Etsy announced . Depop. 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. You can change the interval in the system settings. If y'all remember I posted how I got banned for hashtags that were FINE. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. Depop is designed for sellers who want to sell items such as clothing, shoes, clothes, vintage clothes and items, and cheap streetwear. The Best Depop Bots of 2022: The Ultimate Guide - oneshop.com You can also save money on shipping by using Packlink to compare couriers and find the most cost-efficient solution. Sellers can set up their Depop shop and quickly list . To contact Depop customer service, go to the help desk page, enter your details and submit. Depop is a website and mobile app available in over 150 countries with over 26 million active users. 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. Sign up to our newsletter for a truly global perspective on the fashion industry. Depop Is the New Instagram but Not in a Good Way 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. With 4 million active buyers and 2 million active sellers in 2020, we believe Depop's cohort behavior is particularly impressive: for example, in 2020, 75% of GMS was from existing cohorts; ~75% of sellers were also buyers; and, on average, sellers sold approximately 10 items and buyers bought approximately 6 items. statistic alerts) please log in with your personal account. Please create an employee account to be able to mark statistics as favorites. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. - 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 eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. What are the Other Ways to Make Money on 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. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. The vintage items are also great since fashion often brings back past trends from time to time. Bahrain. As for withdrawal methods, eBay offers PayPal and direct deposit compared to Depop, which has PayPal.While Depop is filled with people selling Y2K and vintage items, eBay is better for items that are rare or hard to find. 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. 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. Men's Black and Blue Trainers | Depop 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. . r/Depop omfgf i thought this girl had her boob out in the 1st pic and ive been debating whether or not to tell her for like an hour (in case it was an accident) and just realised it was her ELBOW The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. Social selling site Depop on why quantity is the key to quality Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. 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. ", "Is Depop being gentrified? New risks emerge from time to time. Etsy expects to share more information in conjunction with its second quarter 2021 financial results. 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. If you are an admin, please authenticate by logging in again. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. Airnow. VP of Investor Relations, Jessica Schmidt You need a Statista Account for unlimited access. It must've been cuz I mentioned the BBB. You must click the activation link in order to complete your subscription. I think because a lot of my customers come from communities where fashion hadnt really considered them, they kind of gravitate to everything, he says. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. 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.