Countries. 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. If you experience any issues with this process, please contact us for further assistance. ETSY. 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. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Alternatives to Depop. 12.9% of the sale price or lower, plus $0.30 per order. The site . It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. Some of the motivations for using Depop come as no surprise 75 per cent of those surveyed are looking to reduce clothing consumption. On this Wikipedia the language links are at the top of the page across from the article title. By Lisa Lacy. Show publisher information Chart. Abigail Cooper - Seller - Depop | LinkedIn funds from depop transaction still on hold despite - PayPal Community Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. What distinguishes Depop from Vinted is its emphasis on social features, working as a social network app in addition to being a reselling marketplace. [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. 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. While some users complained of poor customer service, Depop can help you make extra money online. These are called 'Shop Policies,' stating whether you accept returns as a seller. Depop does not offer other ways to make money apart from selling items such as clothes, shoes, and other items. Like Depop, Swappa pays via PayPal. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. We're a community that inspires and connects our users." [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. Depop proudly states that 90 percent of its active users are under 26. You can unsubscribe anytime. OpenAI explain why some countries are excluded from - nature.com For Gen Z, the trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. Please read rules before posting. Forward-looking statements include all statements that are not historical fact. Depop | LinkedIn There are no boundaries anymore between commerce and connections, consumption and production, and even entertainment and entrepreneurship, says Federica Levato, a partner at Bain, who worked on the report. Can I buy and sell on Poshmark if I'm not in the United States? 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. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. 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. Therefore, Vinted might be a better choice for a casual seller interested in making some extra money. 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. [14] Users can also follow other sellers, whose posts will appear in their feeds. Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. Comments, questions or feedback? Discover independent brands making waves and the creators behind them. Etsy has sufficient available liquidity to fund the acquisition. Depop is a legitimate app that allows sellers and buyers to trade their items hence not a scam. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Sign up to our newsletter for a truly global perspective on the fashion industry. Click here to view 60+ Websites to Sell Stuff. 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. 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. 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. Vinted, for instance, is generally more focused on the transactional side. 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. Others also described the platform as an easy-to-use selling platform. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. Deb Wasser
[15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. This extends to how these generations view life and society, but also fashion. Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. . Please see our privacy policy for more information. 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. It has also only made headway in the Australia, Italy, the UK and US, with the last two countries responsible for about 70% of downloads in 2020 and 2021. It is one of the few success stories of the dot-com bubble, which . 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. How to sell on Depop according to some successful sellers - RUSSH ", 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.". Commercial Credit Report for Etsy Inc - Report Preview Using a Vinted or Depop app, users can sell, buy, or exchange their used clothes. The vintage items are also great since fashion often brings back past trends from time to time. Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. 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). Depop - buy, sell, discover unique fashion Depop's 2020 gross. depop settings on computer Depop also requires sellers to make their offers look more professional, which is why it's better suited for small businesses. Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. 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. She has about 40,000 followers, and selling clothes online has become a full-time job for her. With roughly 30 million registered users across nearly 150 countries,. Weve been a long time customer of MyUS, and weve never had any issues with their service. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. [5] Depop expanded and opened additional offices in Milan and New York City. 22. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. To use individual functions (e.g., mark statistics as favourites, set Get paid fast when your item sells. Depop is the app for you . Are you interested in testing our business solutions? Make sure your clothing is the focal point of the picture by keeping the . 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. The stock was up about 6.7% Wednesday afternoon. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. When we do drops, its really hard to kind of nail down an aesthetic.. 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 While some users complained of poor customer service, Depop can help you make extra money online. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. That leads us to the question, which of these two reselling platforms is better? 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. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Users can buy and sell clothing, accessories, and beauty products. 147. 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. VP of Investor Relations, Jessica Schmidt
Both apps also target slightly different audiences. 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. 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. Please read the full Terms of use and Privacy Policy. You must click the activation link in order to complete your subscription. 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. Depop | Buy & Sell Clothing on the App Store This app is available only on the App Store for iPhone. 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. This type of service is called Freight Forwarding. Tom Evans says Depop has become his primary source of income. Place your item in a box or shipping envelope, available at office supply stores or the post office. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. Now imagine if someone came through and bought a pair of pants for $12 . Decide your price. Depop Company Profile - Office Locations, Competitors - Craft Depop should know. Depop: Can pre-loved clothes make fast fashion sustainable? 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. We want to hear from you. depop.com Traffic Analytics & Market Share | Similarweb Got a confidential news tip? Data is a real-time snapshot *Data is delayed at least 15 minutes. The company will send a six-digit code that you can use to verify your account. Email us at feedback@voguebusiness.com. Retailers and brands might consider how they can inspire Gen Z to be entrepreneurs. Depop is not available in some countries from summer (I cant remember exact month when this happened). In November 2019, Business of Fashion reported that users within the Depop app were receiving sexually suggestive messages.[23]. Test out different poses. Job Backend Engineer (Martech) - Depop Depop is a place for anyone to discover and . However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. 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. Popular sellers on the platform often go on to become social media influencers. Press J to jump to the feed. It is largely targeted at Gen Z shoppers To receive the Vogue Business newsletter, sign up here. 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. Previous investors HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus Ventures, TempoCap and Sebastian Siemiatkowski also participated. Now, were assuming that you neither own a house there or do you have relatives living there, so how is this even possible? 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. MyUS is one of the best freight forwarders available and its our favorite. Depop also pays via PayPal compared to Decluttr, which uses Direct deposit, PayPal, and Check. As of today, Vinted is available in 15 countries. Resale has emerged as a popular side-hustle; Depop and social media allow Gen Z to cultivate their businesses in a non-traditional and deeply personal way. i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. GET SERVICE INSTANTLY . You can change the interval in the system settings. 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. When it comes to newness, this generation has a new lens through which they see new.. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. Aria says it's because Depop is about people, not just about the item being sold "We're not just a platform for people to buy and sell. trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. 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. 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. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. Enter your username, password, and country, Connect your Depop account to your PayPal address, No limit to to the type of products you can sell, 2 days to ship the item after getting paid, High user traffic over 187 million users, Promote your listing from as little as 1%. 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. Shop now Sell your way But why Depop? 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. Its because theyre reliable, dont charge a bunch of taxes, and offer affordable rates.
Depop Summary. From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. The Best Depop Bots of 2022: The Ultimate Guide - oneshop.com Depop was established as a social network for readers of PIG magazine back in 2011 by magazine founder - and head of sunglasses brand Retrosuperfuture - Simon Bekerman. 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 Company operates through four segments: Etsy, Reverb, Depop, and Elo7. OLIO. 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). 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. Etsy is buying Gen Z-focused fashion resale app Depop for $1.62 billion That way youll receive all of your items together instead of one at a time. You can only download this statistic as a Premium user. With a website and apps available on both iOS and Android, Depop promises to be an online shopping. Depop profit calculator - Math Index The first difference is the market available. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. According to positive reviewers, Depop allowed them to start their small business. Facts and figures | Depop Newsroom Sure, both platforms offer similar services, but their approach is different. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. Get Potential buyers to make bids for the item and agree on the final price. Conduct your own research and seek the advice of a licensed financial advisor. 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. Depop Review 2023 - Plans, Pros, Cons and Alternatives - DollarBreak [6] Beckerman raised 1 million in funding in October 2013 from Red Circle Investment and brought on Faroese Runar Reistrup as new CEO. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Depop is a social shopping app that has been described as a mix of eBay and Instagram. Shares our two-sided marketplace business model: Depop is a peer-to-peer marketplace with similar capital-light operating model and financial characteristics. ", 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. Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor.