[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. 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 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. Bahrain. As of today, Vinted is available in 15 countries. i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. In interviews with nearly a dozen Depop users, BoF heard numerous reports of women being inundated with sexual messages. 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. The Depop plan sets out a series of targets to hit by the end of 2021. After submitting your request, you will receive an activation email to the requested email address. Now imagine if someone came through and bought a pair of pants for $12 . On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. A copy of the presentation that will be covered on the conference call will also be posted to our website. Access to this and all other statistics on 80,000 topics from, Show sources information LocationsView all. The first difference is the market available. On paper, Depop and Vinted offer the exact same services, connecting second-hand clothing sellers with buyers. The app is currently available only in European countries, but it's expected to soon be available in the US too. Currently, you are using a shared account. As you can see, while looking practically identical at first glance, Depop and Vinted are two sides of the same coin. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. r/Depop omfgf i thought this girl had her boob out in the 1st pic and ive been debating whether or not to tell her for like an hour (in case it was an accident) and just realised it was her ELBOW 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. Take a picture of the item, describe it, set a price for it, and post. The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. . The only thing that I would change are the "plus . Use Ask Statista Research Service. Ship. Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. 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. Popular sellers on the platform often go on to become social media influencers. 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. 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. 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. 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. "Australia is Depop's third largest market. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. In, Airnow. Place your item in a box or shipping envelope, available at office supply stores or the post office. Both apps also make it very easy to post your items. It's easy to get started - just create an account to start selling. Depop should know. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Who we are. This type of service is called Freight Forwarding. ", Rachel Glaser, Etsy's CFO, commented, "We've admired Depop for a while, and are excited to have now reached an agreement to purchase this fantastic business - a company we believe is still in the early innings of its growth opportunity. We love Depop's rapidly growing GMS and loyal and engaged customer base, excellent user engagement and unit economics, opportunities to expand value added seller services, clear path for geographic expansion, and highly scalable, 'capital light' operating model. Please do not hesitate to contact me. Send your buyer a message thanking them and letting them know when you plan to ship; Ship ASAP using tracked delivery. Sky warns: "Don't let your photo be more distracting than the product you're selling.". Depop is a website and mobile app available in over 150 countries with over 26 million active users. OpenAI explain why some countries are excluded from ChatGPT Download PDF. ", Airnow, Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) Statista, https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/ (last visited March 04, 2023), Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph], Airnow, November 8, 2021. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. 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. 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. It allows users to buy and sell items, most of which are used and vintage pieces of clothing. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. The number of app users in the United Kingdom went from. She has about 40,000 followers, and selling clothes online has become a full-time job for her. Depop also pays via PayPal compared to Decluttr, which uses Direct deposit, PayPal, and Check. There are plenty of resources available to help you cleared up any questions you may have. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. Depop boasts approximately 30 million registered users across 150 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. These risks and uncertainties include: (1) the level of demand for our services or products sold in our marketplaces and our ability to support our recent growth; (2) the importance to our success of the trustworthiness of our marketplaces and our ability to attract and retain active and engaged communities of buyers and sellers; (3) risks related to the COVID-19 pandemic; (4) the fluctuation of our quarterly operating results; (5) our failure to meet our publicly announced guidance or other expectations; (6) if we or our third-party providers are unable to protect against technology vulnerabilities, service interruptions, security breaches, or other cyber incidents; (7) our dependence on continued and unimpeded access to third-party services, platforms, and infrastructure; (8) macroeconomic events that are outside of our control; (9) operational and compliance risks related to our payments systems; (10) our ability to recruit and retain employees; (11) our ability to compete effectively; (12) our ability to enhance our current offerings and develop new offerings to respond to the changing needs of sellers and buyers; (13) our ability to demonstrate progress against our environmental, social, and governance Impact strategy; (14) our efforts to expand internationally; (15) our ability to successfully integrate and receive the expected benefits from the Depop and Elo7 acquisitions; (16) acquisitions that may prove unsuccessful or divert management attention; (17) regulation in the area of privacy and protection of user data; and (18) litigation and regulatory matters, including intellectual property claims. [8][bettersourceneeded], In June 2019, Depop raised $62 million in Series C from General Atlantic to fund its expansion. In an age of financial uncertainty, young people are taking finances into their own hands. , Aug 2, 2022 London-based social shopping platform app Depop was highly benefited by the e-commerce boom during the COVID-19 pandemic. Items are usually secondhand or homemade. . The brand registered unprecedented growth in May and July 2020, with. Available everywhere. Here are some vital facts and figures about how Depop works today. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Its report, released this Monday, unpacks Gen Zs collective behaviours in a pandemic world and beyond. [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. In 2021, Depop was acquired by Etsy for $1.6 billion. <br><br>In the year between finishing my undergraduate degree and beginning my postgraduate studies, I completed as many contract internship . These are called 'Shop Policies,' stating whether you accept returns as a seller. The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. However, these can be dealt with by using Packlink to find the cheapest parcel delivery service. [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. Compare features, ratings, user reviews, pricing, and more from Depop competitors and alternatives in order to make an informed decision for your business. "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. Learn more about how Statista can support your business. As for Vinted, they have a buyer's protection feature. With 4 million active buyers and 2 million . In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. 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. An overwhelming 90 per cent of its active users are under the age of 25. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Vinted is more transactional. You can then. Shop now Sell your way Depop's world-class management team and employees have done a fantastic job nurturing this community and driving organic, authentic growth in a way that aligns well with Etsy's DNA and mission of Keeping Commerce Human. 2023 CNBC LLC. 22. 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. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. Take up to four photos. And forget all about contacting their support. Generation Z, which spans consumers aged 7 to 25, will make up 40 per cent of the luxury market by 2035, according to consultancy Bain & Company, which has collaborated with Depop on the report. In light of such risks, readers are cautioned not to place undue reliance on such forward-looking statements. 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. With a background in economics and now e-business, she has joined Dollarbreak to share her experience, to help individuals make sound financial decisions revolving around budgeting, spending, money making and investing. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. But their interest in secondhand clothes also has significance beyond save-the-planet instincts. One user even commented that they were able to receive payments fast. And it doesn't look like there's a way to list items from a computer. About Depop Our leadership Facts and figures. The first difference is the market available. Depop is the app for you . Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. Whatever you're into, find the item and the seller for you on Depop. More so, what you earn on Swappa depends on the item you are selling and its condition. However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. [5] Depop expanded and opened additional offices in Milan and New York City. don't give up! You must click the activation link in order to complete your subscription. Get full access to all features within our Business Solutions. While Decluttr focuses on selling media stuff such as used tech and media such as CDs, DVDs, and Blu-rays, Depops primary focus is selling clothing, shoes, and other items. Some of the motivations for using Depop come as no surprise 75 per cent of those surveyed are looking to reduce clothing consumption. The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). And then I still do a few [dance] teaching jobs and dance performance jobs on the side. 90% of Depop's active users are under the age of 26.Depop. 12.9% of the sale price or lower, plus $0.30 per order. Available on Android and iOS (free) Another great app for the starving student! We're a community that inspires and connects our users." It really makes us think about, how do we serve these journeys? --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. Here in the United States, it doesn't. <p>Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Type Subsidiary . Phone: (718) 880-3660. p:718 880-3660. Depop is powered by a team of around 400 people, dedicated to our mission of fashion for a better future. 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. From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. 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, on the other hand, is a better choice for a small business. A paid subscription is required for full access. Platforms should cater for all levels of buyer and seller, says Depops Semple. By Lisa Lacy. 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. Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. 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.

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