Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through its online marketplace. <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. 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. 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. 90% of Depop's active users are under the age of 26.Depop. The only thing that I would change are the "plus . Press question mark to learn the rest of the keyboard shortcuts. To answer that, we must take a closer look at the two. Investor Relations Manager, Advances leadership in community-driven and differentiated marketplaces, Etsy to acquire global fashion resale marketplace Depop. When we do drops, its really hard to kind of nail down an aesthetic.. 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. So, when you want to order restricted items from the Depop store, you simply enter the address MyUS provided and get your packages shipped there. Etsy Names Kruti Patel Goyal Chief Executive Officer of Depop and Y, 2019. Dont expect easy answers. Click here to view 60+ Websites to Sell Stuff. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. 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. What Is Depop? The Clothing Resale App That Gen-Zers Are Using - CNBC Depop Summary. Etsy to acquire global fashion resale marketplace Depop Following the closing of the transaction, currently anticipated to occur during the third quarter of 2021, Depop will continue to be headquartered in London, England and operate as a standalone marketplace run by its existing leadership team. Place your item in a box or shipping envelope, available at office supply stores or the post office. You must click the activation link in order to complete your subscription. The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. Depop should know. Backend Engineer | Depop Careers "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. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. Engineering Manager Job London England UK,IT/Tech Depop - Start Selling It's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. <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. 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. On paper, Depop and Vinted offer the exact same services, connecting second-hand clothing sellers with buyers. Depop | Buy & Sell Clothing on the App Store If y'all remember I posted how I got banned for hashtags that were FINE. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. "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. i just wanted to ask if depop is not available in all countries 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. 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. Disclosure. Please read the full Terms of use and Privacy Policy. Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre. Unfortunately, Depop doesnt ship directly to Europe. As a Premium user you get access to background information and details about the release of this statistic. 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. Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. Approximately 90% of Depop's active users are under the age of 26; and young consumers are adopting second-hand fashion faster than any other audience; According to Depop's monthly brand awareness surveys, it has high prompted awareness for the Gen Z demographic within the resale sector; Depop is the 10th most visited shopping site among Gen Z consumers in the U.S. But let's talk about differences. Like Depop, Swappa pays via PayPal. The Company's primary marketplace, Etsy . Now imagine if someone came through and bought a pair of pants for $12 . 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. Like Depop, Decluttr is free to download and use. If you look around online, youll find a bunch of companies in the U.S. offering physical United States addresses to customers located overseas. 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. 147. Phones,laptops,wearables,Tablets,video games, Electronic, fashion,health, and beauty products, No limit to the type of products you can sell. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. More so, what you earn on Swappa depends on the item you are selling and its condition. depop settings on computer As soon as this statistic is updated, you will immediately be notified via e-mail. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. Moreover, we operate in a very competitive and rapidly changing environment. Depop: Can pre-loved clothes make fast fashion sustainable? While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. Comments, questions or feedback? 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. Depop profit calculator - Math Index
PC Game Pass Preview is Available for Insiders in 40 New Countries [4] Its headquarters were moved to London in 2012. 4 locations detected. Accessed March 04, 2023. https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Airnow. Make sure your clothing is the focal point of the picture by keeping the . Forward-looking statements include all statements that are not historical fact. 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?. Social selling site Depop on why quantity is the key to quality Europe Secondhand E-Commerce Market Report 2021 with 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. Both platforms are dominant forces, connecting 21 and 26 million users worldwide, respectively. Essentially, youll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. 22. 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. [14] Users can also follow other sellers, whose posts will appear in their feeds. That way youll receive all of your items together instead of one at a time. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. This presentation contains forward-looking statements within the meaning of the federal securities laws. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. 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 . A 2020 Hulu study found 75 per cent of Gen Z respondents rejected easy categorisation of their race, gender or sexuality, while 60 per cent felt their identity was linked to a broad mix of factors, including race, culture and language. Facts and figures | Depop Newsroom 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.". - 30M+ registered users in over 150 countries - 32M+ items are available for sale on Depop - $1 Billion made by the Depop community to date How to join Depop Global Business and Financial News, Stock Quotes, and Market Data and Analysis. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. Deb Wasser
It's easy to get started - just create an account to start selling. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Both apps implement slightly different structures, with Depop having a more 'social' feel, with buyers scrolling through listings like they were using Instagram or Facebook. Depop should know. 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. statistic alerts) please log in with your personal account. How to Sell on Depop - Becoming a Power Seller | Wirecutter 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. 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. Vinted, for instance, is generally more focused on the transactional side. LocationsView all. Business Summary. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. Whatever you're into, find the item and the seller for you on Depop. Depop payments are transferred directly to your PayPal account, and no intermediary is involved in handling transactions. ", 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.". Community Affiliates Manager, Depop Socialfixt The number of app users in the United Kingdom went from. You can also move the money to your bank account once its transferred to PayPal. We want to hear from you. . And then I still do a few [dance] teaching jobs and dance performance jobs on the side. We disclaim any obligation to update forward-looking statements. Profit from the additional features of your individual account. Sure, both platforms offer similar services, but their approach is different. In an age of financial uncertainty, young people are taking finances into their own hands. Create an account to follow your favorite communities and start taking part in conversations. Get this delivered to your inbox, and more info about our products and services. 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. The app has over 10 million users and is available in over 100 countries. How does Depop work? - Depop Blog , Aug 2, 2022 London-based social shopping platform app Depop was highly benefited by the e-commerce boom during the COVID-19 pandemic. To receive the Vogue Business newsletter, sign up here. The only pricey item I've found is a pantsuit that cost around $20. The app is also meant for buyers looking for items they can buy. Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. Depop Revenue and Usage Statistics (2023) - Business of Apps The Best Depop Bots of 2022: The Ultimate Guide - oneshop.com From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. As a mobile app, it is available on iOS and Android platforms. . Depop's CEO Maria Raga said, "We're on an incredible journey building Depop into a place where the next generation comes to explore unique fashion and be part of a community that's changing the way we shop. 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. 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 mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). 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. MyUS is one of the best freight forwarders available and its our favorite. Depop's beginnings were also relatively humble. What Is Depop? Everything You Need to Know About the Resale App The default refresh interval is a random number between 1 and 3 seconds. [5] Depop expanded and opened additional offices in Milan and New York City. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. --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. Compare Depop alternatives for your business or organization using the curated list below. It was established in 2011 by Simon Bekerman and now has over 15 million . 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? In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. 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. 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. Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor. ", 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. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. 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. If you have several packages, MyUS can bundle the packages into one order. According to positive reviewers, Depop allowed them to start their small business. 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. Etsy has sufficient available liquidity to fund the acquisition. . [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. Tom Evans says Depop has become his primary source of income. $1 Billion made by the Depop community to date. 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. It is one of the few success stories of the dot-com bubble, which . 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. US Teens Sell More on Depop Than Their UK Counterparts - Business Insider The app is currently available only in European countries, but it's expected to soon be available in the US too. Decluttr is an online app that allows you to sell your used media. You can also save money on shipping by using Packlink to compare couriers and find the most cost-efficient solution. To use individual functions (e.g., mark statistics as favourites, set Up to 140,000 new listings every day. Job Backend Engineer (Martech) - Depop 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. With a website and apps available on both iOS and Android, Depop promises to be an online shopping. Are you interested in testing our business solutions? Shipping guide - Worldwide - Depop help GB Depop boasts approximately 30 million registered users across 150 countries. Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. 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. Sky warns: "Don't let your photo be more distracting than the product you're selling.". There are plenty of resources available to help you cleared up any questions you may have. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. 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. 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. Like Depop, eBay charges a commission of 10% on all the items sold. With roughly 30 million registered users across nearly 150 countries,.