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. All Rights Reserved. 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 | Buy & Sell Clothing 12+ Resale Marketplace for Clothes Depop Ltd #60 in Shopping 4.8 399.1K Ratings Free iPhone Screenshots Buy. 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. Deb Wasser By providing your email address below, you are providing consent to Etsy to send you the requested Investor Email Alert updates. While some users complained of poor customer service, Depop can help you make extra money online. You can unsubscribe anytime. Gen Z fluidity extends to the mix of digital and physical experiences, with physical still considered very important even for a generation of digital natives. You can also email them at support@depop.com. Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph]. Conduct your own research and seek the advice of a licensed financial advisor. Discover unique fashion. The website was launched in 2011 as a social network for PIG magazine readers wanting to buy featured items. Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. They come to Depop for the clothes, but stay for the culture. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. In an age of financial uncertainty, young people are taking finances into their own hands. . 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. Items are usually secondhand or homemade. In 2021, Depop was acquired by Etsy for $1.6 billion. Depop is the marketplace where you can explore your style. It surveyed 2,176 Depop users from the UK, US and Australia and conducted individual interviews with a sample of Depop sellers, analysed alongside insights from Bain & Company. Depop is designed for sellers who want to sell items such as clothing, shoes, clothes, vintage clothes and items, and cheap streetwear. Depop is a place for anyone to discover and . The platform's "Explore" page features items picked out by Depop staff. 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. 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. 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. You can sign up for additional alert options at any time. How to sell. 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. Once the package is received, the freight forwarder will ship the package directly to you in Europe. . 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. Swappa also focuses on used electronics compared to Depop, which deals in clothing, shoes, and other streetwear. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. 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. Y, 2019. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through. It also gives the online marketplace a bigger footprint in fashion resale. Etsy expects to finalize the deal by the third quarter of 2021. How to Deliver Items from the Depop Online Store to Europe 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. don't give up! In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. Poshmark is available in the U.S., Canada, India, and Australia, but at this time Poshers cannot buy or sell outside of their country. It is largely targeted at Gen Z shoppers Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Vinted operate differently, with money not being transferred to your account immediately after the purchase. GET SERVICE INSTANTLY . Sign up to our newsletter for a truly global perspective on the fashion industry. You must click the activation link in order to complete your subscription. It's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. Algeria. Please read rules before posting. 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 Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. 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. The marketplaces will operate independently, while benefiting from shared expertise in areas such as product, marketing, technology, and customer support. 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. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Chart. [16] Celebrities have resold their own items on Depop, with some donating proceeds to charitable causes. Unfortunately, Depop doesnt ship directly to Europe. Phones,laptops,wearables,Tablets,video games, Electronic, fashion,health, and beauty products, No limit to the type of products you can sell. Prices for clothing range from $3-$15. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. 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. to incorporate the statistic into your presentation at any time. Sellers can set up their Depop shop and quickly list . Please do not hesitate to contact me. <br><br>I have demonstrated skills and experience in public relations, fashion marketing, and fashion communications. The app is currently available only in European countries, but it's expected to soon be available in the US too. Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. Market leadership, with authentic, organic brand traction: Depop deepens our reach into the Gen Z consumer, with differentiated brand strength, strong user engagement and unit economics. Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. 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. 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. You can also save money on shipping by using Packlink to compare couriers and find the most cost-efficient solution. Therefore, as a seller on Vinted, the buyers will expect you to offer a lower price for your products, as they are the ones covering all the fees. Depop's GMS grew at a compounded annual growth rate of nearly 80% from 2017-2020. Etsy's mission is to keep commerce human, and we're committed to using the power of business to strengthen communities and empower people. 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. A sub for discussing all things Depop. And it doesn't look like there's a way to list items from a computer. The brand registered unprecedented growth in May and July 2020, with. Depop is expected to be accretive to Etsy's top line growth rate and modestly dilutive to Etsy's adjusted EBITDA margin. Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. Using a Vinted or Depop app, users can sell, buy, or exchange their used clothes. Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. This means that you will need a U.S., Canada, Australia, India, or UK billing and shipping address, as well as a U.S., Canada, Australia, India, or UK internet provider (IP) address. 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. Statista. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. As a mobile app, it is available on iOS and Android platforms. ", 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. Phone: (718) 880-3660. p:718 880-3660. 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 is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Pay for the item, tell the seller where to ship it, and pay for it. Decide your price. As a part of our mission to expand the joy and community of gaming to every player in the world, we're excited to announce we're bringing a preview of PC Game Pass to 40 new countries for the first time ever, comprising: Albania. To use individual functions (e.g., mark statistics as favourites, set Today, Depop is a place where millions of users come to celebrate their style and discover culture. Up to 140,000 new listings every day. Vinted, for instance, is generally more focused on the transactional side. Sure, both platforms offer similar services, but their approach is different. Shares our two-sided marketplace business model: Depop is a peer-to-peer marketplace with similar capital-light operating model and financial characteristics. Unfortunately, yes. 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. In, Airnow. The platform is very similar to other online marketplaces like eBay, Facebook Marketplace, Mercari, or Poshmark. Shop now Sell your way 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. "To some degree, we have a closer relationship with Gen Z . Essentially, youll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. Both apps also target slightly different audiences. And forget all about contacting their support. Now, were assuming that you neither own a house there or do you have relatives living there, so how is this even possible? But their interest in secondhand clothes also has significance beyond save-the-planet instincts. Who we are. Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. It is one of the few success stories of the dot-com bubble, which . I always say we owe ourselves authenticity. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. To contact Depop customer service, go to the help desk page, enter your details and submit. [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. 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 But let's talk about differences. Now imagine if someone came through and bought a pair of pants for $12 . Depop's 2020 gross. 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. 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. Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. Depop | Buy & Sell Clothing on the App Store This app is available only on the App Store for iPhone. Etsy has sufficient available liquidity to fund the acquisition. We want to hear from you. 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). Depop is the app for you . Email us at feedback@voguebusiness.com. According to positive reviewers, Depop allowed them to start their small business. An overwhelming 90 per cent of its active users are under the age of 25. You can only download this statistic as a Premium user. More so, what you earn on Swappa depends on the item you are selling and its condition. Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Depop also requires sellers to make their offers look more professional, which is why it's better suited for small businesses. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. 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. BROOKLYN, NY 11201 United States. Sky warns: "Don't let your photo be more distracting than the product you're selling.". 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. 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. This partly refers to self-identity. I'm trying to figure out an alternative atm 10 Available on Android and iOS (free) Another great app for the starving student! Why do we think MyUS is the best? You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. Please create an employee account to be able to mark statistics as favorites. Currently, you are using a shared account. Unlike Depop sellers, Vinted sellers don't pay any fees. Get paid fast when your item sells. Both apps also make it very easy to post your items. Register in seconds and access exclusive features. The user base on Depop is also younger than on Vinted, which, in exchange, has a more international user base. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. Alternatives to Depop. When it comes to newness, this generation has a new lens through which they see new.. Weve been a long time customer of MyUS, and weve never had any issues with their service. Company summary. DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. Depop, for example, charges its sellers 10% of each sale plus the possible PayPal fee for one's country. Its user interface is modeled after that of Instagram, and users can sell items by posting pictures of them to their profiles, along with descriptions, hashtags, and prices. ETSY. ", 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. Are you interested in testing our business solutions? Depop boasts approximately 30 million registered users across 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. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. Instead, the app uses an escrow service that holds the money in your Vinted wallet until the buyer gets and accepts the item. Get Potential buyers to make bids for the item and agree on the final price. [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. A copy of the presentation that will be covered on the conference call will also be posted to our website. Data is a real-time snapshot *Data is delayed at least 15 minutes. Discover independent brands making waves and the creators behind them. Unfortunately, Depop doesn't ship directly to Europe. These are called 'Shop Policies,' stating whether you accept returns as a seller. 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. 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. It allows users to buy and sell items, most of which are used . 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. View original content:http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. When we do drops, its really hard to kind of nail down an aesthetic.. Take a picture of the item, describe it, set a price for it, and post. The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. Type Subsidiary . With roughly 30 million registered users across nearly 150 countries,. They come to Depop for the clothes, but stay for the culture. 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. Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. 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. Here are some vital facts and figures about how Depop works today. In addition, Etsy, Inc. owns Reverb, a leading global online marketplace dedicated to buying and selling new, used, and vintage musical instruments. This button displays the currently selected search type. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. I think for my generation it comes quite naturally Theres a lot more respect and open conversation., For Gen Z, the inspiration journey is never linear, Semple says. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. 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. 12.9% of the sale price or lower, plus $0.30 per order. <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. 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. Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. 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. 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 . 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. Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor. With a website and apps available on both iOS and Android, Depop promises to be an online shopping. You can use it to browse listings by your neighbours and local shops with a surplus of food or other products. ". 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. Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. Accessed March 04, 2023. https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Airnow. 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. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. [8][bettersourceneeded], In June 2019, Depop raised $62 million in Series C from General Atlantic to fund its expansion. One user even commented that they were able to receive payments fast. Click here to view 60+ Websites to Sell Stuff. 147. . [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. Secondhand may be sustainable but its also cool. If y'all remember I posted how I got banned for hashtags that were FINE. Depop is a website and mobile app available in over 150 countries with over 26 million active users. In November 2019, Business of Fashion reported that users within the Depop app were receiving sexually suggestive messages.[23]. 4 locations detected. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Decluttr is an online app that allows you to sell your used media. [6] Beckerman raised 1 million in funding in October 2013 from Red Circle Investment and brought on Faroese Runar Reistrup as new CEO. Depop's beginnings were also relatively humble. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. A paid subscription is required for full access. ", 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.".
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