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. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. ". 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 As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Statista. Depop payments are transferred directly to your PayPal account, and no intermediary is involved in handling transactions. For Gen Z, the trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. Depop is the marketplace where you can explore your style. 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. [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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Since Depop has attracted young people, you can expect a lot of clothing and other items to be approved by the millenials. Dont expect easy answers. Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph]. Are you interested in testing our business solutions? By providing your email address below, you are providing consent to Etsy to send you the requested Investor Email Alert updates. 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. In light of such risks, readers are cautioned not to place undue reliance on such forward-looking statements. With roughly 30 million registered users across nearly 150 countries,. Overview. LocationsView all. I agree to receive your newsletter. 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. Up to 140,000 new listings every day. It's also recommended to refresh and bump your listings for them to stay at the top of the search. Unfortunately, Depop doesn't ship directly to Europe. You can then. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. Algeria. <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. The vintage items are also great since fashion often brings back past trends from time to time. Depop proudly states that 90 percent of its active users are under 26. 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 Who we are. 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. Got a confidential news tip? 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. 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. It does come with fees and higher shipping costs. Vinted also works as an intermediary between sellers and buyers, helping resolve issues. And forget all about contacting their support. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. ", She added: "Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. 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. Phone: (718) 880-3660. p:718 880-3660. Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. While some users complained of poor customer service, Depop can help you make extra money online. Its marketplace connects over 21 million users, selling, buying, and exchanging second-hand clothes and accessories. There are plenty of resources available to help you cleared up any questions you may have. Send your buyer a message thanking them and letting them know when you plan to ship; Ship ASAP using tracked delivery. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. This button displays the currently selected search type. Using a Vinted or Depop app, users can sell, buy, or exchange their used clothes. You have successfully joined our subscriber list. Many sellers model the clothes they sell themselves. 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. In 2021, Depop was acquired by Etsy for $1.6 billion. Depop, for example, charges its sellers 10% of each sale plus the possible PayPal fee for one's country. The company was founded in 2011 and is headquartered in London . And then I still do a few [dance] teaching jobs and dance performance jobs on the side. It's a bit more buyer-friendly, encouraging users to make quick transactions and enabling them that by intuitive and straightforward service. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. Etsy expects to finalize the deal by the third quarter of 2021. 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. Its important to have cultural fluidity, she says. For sellers, we offer a range of tools and services that address key business needs. It allows users to buy and sell items, most of which are used and vintage pieces of clothing. 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. Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay. This press release (including statements quoted in this press release) contains forward-looking statements within the meaning of the federal securities laws. Take a picture of the item, describe it, set a price for it, and post. Forward-looking statements include all statements that are not historical fact. "To some degree, we have a closer relationship with Gen Z . Decluttr is an online app that allows you to sell your used media. Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre. You must click the activation link in order to complete your subscription. 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 . Whatever you're into, find the item and the seller for you on Depop. We disclaim any obligation to update forward-looking statements, except as required by law. What distinguishes Depop from Vinted is its emphasis on social features, working as a social network app in addition to being a reselling marketplace. to incorporate the statistic into your presentation at any time. Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. Online marketplace Etsy announced . On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. How do we make sure we have the right tools for you if you want to effectively be a casual seller (of which there are many more than there were one year ago). $5+ thereafter, Sell computers, home tech, cameras, phones, watches, laptops and tablets, Sell your item directly to buyer and get paid the next day via PayPal, 180+ million buyers, easy listings and sell directly from the smartphone, List up to 200 items for free every month, and only pay when they sell, Global brand trust and seller protections in place from buyers scams. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Please see our privacy policy for more information. Email us at feedback@voguebusiness.com. An overwhelming 90 per cent of its active users are under the age of 25. Sellers can set up their Depop shop and quickly list . 16.6M+ items are available for sale on Depop. Now imagine if someone came through and bought a pair of pants for $12 . eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. Etsy's mission is to keep commerce human, and we're committed to using the power of business to strengthen communities and empower people. Depop is a legitimate app that allows sellers and buyers to trade their items hence not a scam. Depop is a social shopping app that has been described as a mix of eBay and Instagram. Currently, you are using a shared account. Get this delivered to your inbox, and more info about our products and services. 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. Get Potential buyers to make bids for the item and agree on the final price. However, while the idea behind the two is similar, there are some key differences between Vinted and 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. 90% of Depop's active users are under the age of 26.Depop. 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. In addition, Etsy, Inc. owns Reverb, a leading global online marketplace dedicated to buying and selling new, used, and vintage musical instruments. Depop is the app for you . If you experience any issues with this process, please contact us for further assistance. 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. 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.". Here in the United States, it doesn't. 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. 26M+ registered users over 150 countries. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. Depop boasts approximately 30 million registered users across 150 countries. BROOKLYN, NY 11201 United States. Conduct your own research and seek the advice of a licensed financial advisor. The only thing that I would change are the "plus . r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. "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," Silverman said in a statement Wednesday. These are called 'Shop Policies,' stating whether you accept returns as a seller. If y'all remember I posted how I got banned for hashtags that were FINE. But let's talk about differences. Depop allows its sellers to include rules buyers can see when scrolling through their posts. Use Ask Statista Research Service. Press question mark to learn the rest of the keyboard shortcuts. You can also email them at support@depop.com. Swappa also focuses on used electronics compared to Depop, which deals in clothing, shoes, and other streetwear. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. Unfortunately, Depop doesnt ship directly to Europe. It is largely targeted at Gen Z shoppers Depop is expected to be accretive to Etsy's top line growth rate and modestly dilutive to Etsy's adjusted EBITDA margin. By Lisa Lacy. 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. MyUS is one of the best freight forwarders available and its our favorite. by Jerret West, CVP Gaming Marketing, Xbox Feb 28, 2023 @ 12:01am. Then you can access your favorite statistics via the star in the header. [6] Beckerman raised 1 million in funding in October 2013 from Red Circle Investment and brought on Faroese Runar Reistrup as new CEO. don't give up! You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Type Subsidiary . This is a fluid generation defying categorisation in every sense, Levato says. Only limited information is available about the algorithms and modelling behind ChatGPT, which makes it difficult . Place your item in a box or shipping envelope, available at office supply stores or the post office. 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. Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. Discover independent brands making waves and the creators behind them. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. Thrift stores, in the Poway area, are pretty cheap. If you have several packages, MyUS can bundle the packages into one order. 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. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through. Airnow. Platforms should cater for all levels of buyer and seller, says Depops Semple. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. Like Depop, eBay charges a commission of 10% on all the items sold. Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. This type of service is called Freight Forwarding. Forward-looking statements include statements related to our potential addressable market,the potential benefits of the acquisition of Depop, expected impact of the acquisition of Depop on Etsy's future financial performance and the potential impact on Etsy's consolidated financial results, the anticipated timing of the closing of the acquisition of Depop, the anticipated impact of applying Etsy's expertise to Depop's business and the potential of Depop's business. Depop is headquartered in London, England and Los Angeles, California. The site . Moreover, we operate in a very competitive and rapidly changing environment. 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. While creating a Depop account, your phone number will be required. 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.<br>The company was founded . Sure, both platforms offer similar services, but their approach is different. New risks emerge from time to time. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. 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. Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. 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. It's easy to get started - just create an account to start selling. Subscribe to receive weekly Side Hustle recommendations. Sky warns: "Don't let your photo be more distracting than the product you're selling.". 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. That presents a challenge for Depop. In November 2019, Business of Fashion reported that users within the Depop app were receiving sexually suggestive messages.[23]. Depop is a website and mobile app available in over 150 countries with over 26 million active users. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. Depop's beginnings were also relatively humble. Depop is a reliable website that allows you to buy and sell items. Like Depop, Decluttr is free to download and use. 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. Sr. Director of Investor Relations, Patricia Cruz 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. How to Deliver Items from the Depop Online Store to Europe Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. 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. Here are some vital facts and figures about how Depop works today. Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. Sellers and users weigh in on the debate", "Everyone's Favorite Thrifting App Favors Thin White Models", https://en.wikipedia.org/w/index.php?title=Depop&oldid=1141140101, Online marketplaces of the United Kingdom, Articles lacking reliable references from September 2021, Articles with unsourced statements from August 2022, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 23 February 2023, at 15:28. Get the item and o rate your experience with the seller. Popular sellers on the platform often go on to become social media influencers. Both apps also make it very easy to post your items. Depop users who opt for using Royal Mail are penalised by being forced to pay Depop sales fees out of pocket and wait up to one month to receive their earnings. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. 4 locations detected. Forward-looking statements represent our beliefs and assumptions only as of the date hereof. They come to Depop for the clothes, but stay for the culture. Its sustainability plan is built around the UN's Global Goals, the 17 objectives designed to tackle the systemic causes of extreme poverty, including the climate crisis and inequity. 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. If you think about selling your old clothes online, two reselling apps immediately spring to mind - Vinted and Depop. 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. Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. Describe what you're selling. Essentially, you'll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. 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. Profit from the additional features of your individual account. 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. As a mobile app, it is available on iOS and Android platforms. Others were also unhappy with the customer service describing it as unresponsive. Deb Wasser Depop is designed for sellers who want to sell items such as clothing, shoes, clothes, vintage clothes and items, and cheap streetwear. 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. 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. A sub for discussing all things Depop. 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. It was established in 2011 by Simon Bekerman and now has over 15 million . A paid subscription is required for full access. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. She has about 40,000 followers, and selling clothes online has become a full-time job for her. To receive packages from the United States, youre going to need to have an address based there. People want the opportunity to buy and sell, but also they want this inspirational layer and entertainment through their experiences.. The deal marks the biggest acquisition yet for Etsy, which went public on the New York Stock Exchange in 2015. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Like Depop, Swappa pays via PayPal. You can unsubscribe at any time. "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. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. Countries. June 2, 2021. Weve been a long time customer of MyUS, and weve never had any issues with their service. To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. I'm trying to figure out an alternative atm 10 Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor. We estimate that one in four 15-24-year old's in Australia are on Depop," says Aria Wigneswaran, Country Manager Australia, Depop.. It caters to a variety of different fashion pieces such as designer, vintage, and streetwear. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. They come to Depop for the clothes, but stay for the culture. . After submitting your request, you will receive an activation email to the requested email address. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. Whether they find something online and then go to an in-store event, Gen Z want complete fluidity between the physical and digital world of brands, even if they interact with the brand through a third-party retailer, says Bains Federica Levato. The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). As a Premium user you get access to background information and details about the release of this statistic. 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.