In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. 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. The only thing that I would change are the "plus . Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. . Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. That presents a challenge for Depop. 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 With a website and apps available on both iOS and Android, Depop promises to be an online shopping. 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. "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. 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. June 2, 2021. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. OLIO. [6] Most active users of Depop are located in the United Kingdom, Australia, United States and Italy. Depop is an online hub where people buy and sell used clothing, vintage shoes, and accessories, and the hub is disrupting the global retail industry. However, we have a pretty simple solution that gets around this restriction. Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. Essentially, the more you engage, be it by liking items, listing products, following other users, etc., the more sales you're likely to generate. The benefit of this service is you can order from anywhere in the United States and get your items shipped to Europe. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. 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. Its a fairly common question we often see asked, and the answer isnt all that clear. Its important to have cultural fluidity, she says. 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. The first difference is the market available. ", Depop's CEOMaria Ragasaid in a statement that Depop is "where the next generation comes to explore unique fashion and be part of a community that's changing the way we shop. Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. statistic alerts) please log in with your personal account. 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. Why do we think MyUS is the best? The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). Decluttr is an online app that allows you to sell your used media. Moreover, we operate in a very competitive and rapidly changing environment. On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. Access to this and all other statistics on 80,000 topics from, Show sources information Essentially, you'll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. Do NOT buy from GB via Depop if you live in the EU. 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. Only limited information is available about the algorithms and modelling behind ChatGPT, which makes it difficult . 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. Thrift stores, in the Poway area, are pretty cheap. 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. [5] Depop expanded and opened additional offices in Milan and New York City. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. This type of service is called Freight Forwarding. You need at least a Starter Account to use this feature. To receive packages from the United States, youre going to need to have an address based there. Does the Depop online store ship items overseas to Europe? If you experience any issues with this process, please contact us for further assistance. 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. 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. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. An overwhelming 90 per cent of its active users are under the age of 25. 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. Depop | Buy & Sell Clothing 12+ Resale Marketplace for Clothes Depop Ltd #60 in Shopping 4.8 399.1K Ratings Free iPhone Screenshots Buy. 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. It's a bit more buyer-friendly, encouraging users to make quick transactions and enabling them that by intuitive and straightforward service. Depop. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. This press release (including statements quoted in this press release) contains forward-looking statements within the meaning of the federal securities laws. Deb Wasser Email us at feedback@voguebusiness.com. Depop is not available in some countries from summer (I cant remember exact month when this happened). By Lisa Lacy. Depop is a reliable website that allows you to buy and sell items. As a Premium user you get access to background information and details about the release of this statistic. Sellers can set up their Depop shop and quickly list . She has about 40,000 followers, and selling clothes online has become a full-time job for her. Etsy has sufficient available liquidity to fund the acquisition. "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. Depop Summary. Forward-looking statements include all statements that are not historical fact. 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. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. Get the item and o rate your experience with the seller. 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. to incorporate the statistic into your presentation at any time. How to sell. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. The only pricey item I've found is a pantsuit that cost around $20. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. A paid subscription is required for full access. As a Premium user you get access to the detailed source references and background information about this statistic. 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. OpenAI explain why some countries are excluded from ChatGPT Download PDF. The first difference is the market available. Both apps also make it very easy to post your items. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Now imagine if someone came through and bought a pair of pants for $12 . "Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions)." Depop is powered by young influencers like 20-year-old Moira Campos who is one of Depop's top sellers. Conduct your own research and seek the advice of a licensed financial advisor. 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 . Discover independent brands making waves and the creators behind them. 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. That way youll receive all of your items together instead of one at a time. Company summary. However, we have a pretty simple solution that gets around this restriction. Etsy CEO on how $1.6 billion deal for Depop could help the company grow. Forward-looking statements represent our beliefs and assumptions only as of the date hereof. This extends to how these generations view life and society, but also fashion. 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. [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. As you can see, while looking practically identical at first glance, Depop and Vinted are two sides of the same coin. Its marketplace connects over 21 million users, selling, buying, and exchanging second-hand clothes and accessories. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Users can pay for items using PayPal. Over 3 million products sold in 12 months with a year limited warranty, Sell smartphones, tablets, laptops books, watches, video games and Lego, Get a free instant item valuation, ship your item for free and get paid, No fees for sellers buyers pay no fees up $50 items. 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. [16] Celebrities have resold their own items on Depop, with some donating proceeds to charitable causes. The site . 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. 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. A DJ performs at the launch of social shopping app Depop's 3-month pop-up at Selfridges on August 01, 2019 in London, England. Depop reports having over 30 million registered users in over 150 countries. Depop is a peer-to-peer social shopping app based in London that first launched in 2011. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. <br><br>In the year between finishing my undergraduate degree and beginning my postgraduate studies, I completed as many contract internship . Have to complete the purchase to update your shipping address - Depop 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. Whatever you're into, find the item and the seller for you on Depop. A copy of the presentation that will be covered on the conference call will also be posted to our website. The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. You can also save money on shipping by using Packlink to compare couriers and find the most cost-efficient solution. 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. If you are an admin, please authenticate by logging in again. Popular sellers on the platform often go on to become social media influencers. In interviews with nearly a dozen Depop users, BoF heard numerous reports of women being inundated with sexual messages. I'm trying to figure out an alternative atm 10 It is one of the few success stories of the dot-com bubble, which . Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. Previous investors HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus Ventures, TempoCap and Sebastian Siemiatkowski also participated. Statista. Depop | Buy & Sell Clothing on the App Store This app is available only on the App Store for iPhone. Business Summary. 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 was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. . 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?. In other words, Depop is basically Instagram, but with more transparency about the fact that it's selling you stuff. Depop, on the other hand, is a better choice for a small business. ETSY. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. SourceForge ranks the best alternatives to Depop in 2022. 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. Get full access to all features within our Business Solutions. 16.6M+ items are available for sale on Depop. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. It allows users to buy and sell items, most of which are used . Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. 2023 CNBC LLC. Depop should know. While some users complained of poor customer service, Depop can help you make extra money online. 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.
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