Previous investors HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus Ventures, TempoCap and Sebastian Siemiatkowski also participated. Depop does not offer other ways to make money apart from selling items such as clothes, shoes, and other items. Swappa is a peer-to-peer marketplace that allows you to sell and buy used electronics. Secondhand may be sustainable but its also cool. Prices for clothing range from $3-$15. 6) The app must also have an express courier function, home collection/delivery, users can do everything without leaving home. Like Depop, Decluttr is free to download and use. Following the close of this transaction, Etsy Inc. will operate three highly differentiated, non-commoditized and loved ecommerce brands: Etsy, Reverb, and Depop. In other words, Depop is basically Instagram, but with more transparency about the fact that it's selling you stuff. As a Premium user you get access to background information and details about the release of this statistic. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Bank of America reveals the winning market share gainers with more room to run, Goldman Sachs upgrades this internet of things stock which it sees surging 60%, JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. 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. Etsy has sufficient available liquidity to fund the acquisition. If y'all remember I posted how I got banned for hashtags that were FINE. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through. Fluidity extends beyond gender identity. Dont expect easy answers. In light of these risks, uncertainties and assumptions, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. As a mobile app, it is available on iOS and Android platforms. Statista. Its report, released this Monday, unpacks Gen Zs collective behaviours in a pandemic world and beyond. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. 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. You then use this address for your deliveries, and theyll automatically forward them to your home country. 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 is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. With roughly 30 million registered users across nearly 150 countries,. It is one of the few success stories of the dot-com bubble, which . We disclaim any obligation to update forward-looking statements. Disclosure. Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. The default refresh interval is a random number between 1 and 3 seconds. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. Items are usually secondhand or homemade. The number of app users in the United Kingdom went from. Poshmark is currently only available in the United States, Canada, Australia, India, and the United Kingdom. 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.". You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. You can also move the money to your bank account once its transferred to PayPal. To contact Depop customer service, go to the help desk page, enter your details and submit. Once the package is received, the freight forwarder will ship the package directly to you in Europe. Are you interested in testing our business solutions? Tom Evans says Depop has become his primary source of income. 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. Get full access to all features within our Business Solutions. 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. 147. A Division of NBCUniversal. It's a bit more buyer-friendly, encouraging users to make quick transactions and enabling them that by intuitive and straightforward service. "Australia is Depop's third largest market. --Etsy, Inc., which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, has signed a definitive agreement to acquire. You need a Statista Account for unlimited access. They come to Depop for the clothes, but stay for the culture. 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. statistic alerts) please log in with your personal account. The app is currently available only in European countries, but it's expected to soon be available in the US too. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. Depop should know. . Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre. What distinguishes Depop from Vinted is its emphasis on social features, working as a social network app in addition to being a reselling marketplace. Others were also unhappy with the customer service describing it as unresponsive. A sub for discussing all things Depop. On paper, Depop and Vinted offer the exact same services, connecting second-hand clothing sellers with buyers. Sr. Director of Investor Relations, Patricia Cruz You can change the interval in the system settings. Please read rules before posting. To use individual functions (e.g., mark statistics as favourites, set <br><br>In the year between finishing my undergraduate degree and beginning my postgraduate studies, I completed as many contract internship . Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. 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. Does the Depop online store ship items overseas to Europe? Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. Airnow. <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. Take a picture of the item, describe it, set a price for it, and post. 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. however, despite it being 3-4 days since delivery (on the transaction info it actually says i should have gotten the money within 1 day of delivery), it still says my payment is on hold. Like Depop, Swappa pays via PayPal. Comments, questions or feedback? Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Sellers can set up their Depop shop and quickly list . Decide your price. 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. Platforms should cater for all levels of buyer and seller, says Depops Semple. However, while the idea behind the two is similar, there are some key differences between Vinted and Depop. In some cases, forward-looking statements can be identified by terms such as anticipate, believe, could, enable, estimate, expect, goal, intend, may, outlook, plan, potential, target, will, or similar expressions and derivative forms and/or the negatives of those words. Depop's beginnings were also relatively humble. Forward-looking statements include all statements that are not historical fact. You can also email them at support@depop.com. 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. ". While some users complained of poor customer service, Depop can help you make extra money online. 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. On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. 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. Instead, the app uses an escrow service that holds the money in your Vinted wallet until the buyer gets and accepts the item. To download the Depop mobile app, go to Google Play and click download. Unfortunately, Depop doesnt ship directly to Europe. One user even commented that they were able to receive payments fast. How to Deliver Items from the Depop Online Store to Europe An overwhelming 90 per cent of its active users are under the age of 25. to incorporate the statistic into your presentation at any time. Accessed March 04, 2023. https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Airnow. About Depop Our leadership Facts and figures. However, while both apps provide practically the same services, they differ in a few key areas. This extends to how these generations view life and society, but also fashion. [6] Most active users of Depop are located in the United Kingdom, Australia, United States and Italy. . Date of release is date of access.Figures have been rounded. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. Vinted and Depop have different payment policies. Create an account to follow your favorite communities and start taking part in conversations. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. It's easy to get started - just create an account to start selling. 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. 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. don't give up! 22. "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. You can then. If you look around online, youll find a bunch of companies in the U.S. offering physical United States addresses to customers located overseas. As of today, Vinted is available in 15 countries. Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. We're a community that inspires and connects our users." by Jerret West, CVP Gaming Marketing, Xbox Feb 28, 2023 @ 12:01am. We're excited to build a 'house of brands' where the whole is greater than the sum of its parts.". Both apps also make it very easy to post your items. Now, were assuming that you neither own a house there or do you have relatives living there, so how is this even possible? uniexpressgt.com participates in various affiliate programs, and we sometimes get a commission through purchases made through our links. BROOKLYN, N.Y., June 2, 2021 /PRNewswire/ --Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, has signed a definitive agreement to acquire Depop, a privately-held, community-led, and purpose-driven marketplace for unique fashion for $1.625 billion consisting primarily of cash, subject to certain adjustments for Depop's working capital, transaction expenses, cash and indebtedness, and certain deferred and unvested equity for Depop management and employees. She has about 40,000 followers, and selling clothes online has become a full-time job for her. 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 . 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. 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. Access to this and all other statistics on 80,000 topics from, Show sources information Whatever you're into, find the item and the seller for you on Depop. Depop is headquartered in London, England and Los Angeles, California. In interviews with nearly a dozen Depop users, BoF heard numerous reports of women being inundated with sexual messages. Available on Android and iOS (free) Another great app for the starving student! 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. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. Currently, you are using a shared account. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. Depop promises not to share your details with third parties. Depop is designed for sellers who want to sell items such as clothing, shoes, clothes, vintage clothes and items, and cheap streetwear. As soon as this statistic is updated, you will immediately be notified via e-mail. With a website and apps available on both iOS and Android, Depop promises to be an online shopping. In an age of financial uncertainty, young people are taking finances into their own hands. [14] Users can also follow other sellers, whose posts will appear in their feeds. Popular sellers on the platform often go on to become social media influencers. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. We want to hear from you. Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. Forward-looking statements represent our beliefs and assumptions only as of the date hereof. Shop now Sell your way Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal 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. To receive packages from the United States, youre going to need to have an address based there. While no seller likes to pay fees, they are integral to online selling. The user base on Depop is also younger than on Vinted, which, in exchange, has a more international user base. Depop's GMS grew at a compounded annual growth rate of nearly 80% from 2017-2020. 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. , Aug 2, 2022 London-based social shopping platform app Depop was highly benefited by the e-commerce boom during the COVID-19 pandemic. But let's talk about differences. [3] Paolo Barberis and Nana Bianca were two of the first investors in the platform in 2012 with a seed investment. For Gen Z, the trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. 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. For Semple, physical events remain hugely relevant. 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. Depop is a reliable website that allows you to buy and sell items. Users can pay for items using PayPal. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. 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. Pay for the item, tell the seller where to ship it, and pay for it. Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. Sign up to our newsletter for a truly global perspective on the fashion industry. 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 marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. 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. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. [8][bettersourceneeded], In June 2019, Depop raised $62 million in Series C from General Atlantic to fund its expansion. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Please create an employee account to be able to mark statistics as favorites. The platform's "Explore" page features items picked out by Depop staff. Since Depop has attracted young people, you can expect a lot of clothing and other items to be approved by the millenials. Depop is a peer-to-peer social shopping app based in London that first launched in 2011. . The marketplaces will operate independently, while benefiting from shared expertise in areas such as product, marketing, technology, and customer support. It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. They come to Depop for the clothes, but stay for the culture. Etsy expects to finalize the deal by the third quarter of 2021. Deb Wasser Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. 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. Depop is the marketplace where you can explore your style. [15], Depop has garnered criticism from users and critics due to a number of its sellers buying clothes from thrift shops and reselling them for higher prices than they were purchased for. June 2, 2021. Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. [10] In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash, making it Etsy's most expensive acquisition, but that Depop would continue operate as a standalone brand independent from Etsy. 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. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. 16.6M+ items are available for sale on Depop. 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). "To some degree, we have a closer relationship with Gen Z . 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. On this Wikipedia the language links are at the top of the page across from the article title. We estimate that one in four 15-24-year old's in Australia are on Depop," says Aria Wigneswaran, Country Manager Australia, Depop.. Data is a real-time snapshot *Data is delayed at least 15 minutes. Now They're Graduating", "Artefact In conversation with | Depop founder Simon Beckerman", "TechTalk con Simon Beckerman, Riccardo Donadon e Paolo Barberis su Depop, la startup diventata unicorno", "Social Shopping App Depop Raises $8M, Hires Ex-Reddit GM To Break Into US Market", "The Entrepreneur: Runar Reistrup, Depop", "Depop, a social app targeting millennial and Gen Z shoppers, bags $62M, passes 13M users", "Etsy Buys Depop, Fashion Resale Site Popular With Gen Z, for $1.6 Billion", "Etsy is buying the fashion resale app Depop for $1.6 billion", "Etsy is acquiring UK-based social selling site Depop for $1.625B in a mostly cash deal", "All Those Millennials Can't Be Wrong: Why Depop Just Might Change the Way You Shop", "Why Teens Are Selling Clothes Out of Their Closets", "Etsy targets Gen Z shoppers with $1.6 billion Depop acquisition", "9 Celebs With Depop: The Millennial Thrift Shop", "United States B2C Ecommerce Market Report 2022: Market is Expected to Grow by 11.80% to Reach $1,574.5 Billion in 2022 - Forecasts to 2026", "Depop Is the New Instagram but Not in a Good Way", "Depop: Can pre-loved clothes make fast fashion sustainable?
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