Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Facts and figures | Depop Newsroom The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Our company was founded in 2005 and is headquartered in Brooklyn, New York. Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. Y, 2019. Shop now Sell your way Users can buy and sell clothing, accessories, and beauty products. About Depop Our leadership Facts and figures. In 2021, Depop was acquired by Etsy for $1.6 billion. Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. Prices for clothing range from $3-$15. ". The Company's primary marketplace, Etsy . Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. What are the Other Ways to Make Money on Depop? Depop does not offer other ways to make money apart from selling items such as clothes, shoes, and other items. The benefit of this service is you can order from anywhere in the United States and get your items shipped to Europe. Its report, released this Monday, unpacks Gen Zs collective behaviours in a pandemic world and beyond. Etsy is buying Gen Z-focused fashion resale app Depop for $1.62 billion The first difference is the market available. US Teens Sell More on Depop Than Their UK Counterparts - Business Insider We're excited to build a 'house of brands' where the whole is greater than the sum of its parts.". Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. don't give up! Press question mark to learn the rest of the keyboard shortcuts. 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. Depop is a legitimate app that lets sellers sell items and buyers buy items; hence not a scam. Others also described the platform as an easy-to-use selling platform. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. 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 deal marks the biggest acquisition yet for Etsy, which went public on the New York Stock Exchange in 2015. Pop-Tarts x Depop is Here For Fashion and Food Fans Craving Unique Does Depop Ship to Europe?[2023] (Answered) - uniexpress GT <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. Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. It allows users to buy and sell items, most of which are used and vintage pieces of clothing. Items are usually secondhand or homemade. [5] Depop expanded and opened additional offices in Milan and New York City. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. [6] Most active users of Depop are located in the United Kingdom, Australia, United States and Italy. Sure, both platforms offer similar services, but their approach is different. The site . UK: Depop app monthly active users 2021 | Statista The brand registered unprecedented growth in May and July 2020, with. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. This button displays the currently selected search type. 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. Job Backend Engineer (Martech) - Depop You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. 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? ", "Is Depop being gentrified? You can use it to browse listings by your neighbours and local shops with a surplus of food or other products. Young people buy clothes online - level 3 - News in Levels Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. With over 26 million users in more than 150 countries, Depop is the place for anyone looking to celebrate style on their terms and keeping millions of items of clothing in rotation. Depop | Buy & Sell Clothing 12+ Resale Marketplace for Clothes Depop Ltd #60 in Shopping 4.8 399.1K Ratings Free iPhone Screenshots Buy. About Depop - Depop newsroom Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. Depop is headquartered in London, England and Los Angeles, California. The default refresh interval is a random number between 1 and 3 seconds. Retailers and brands might consider how they can inspire Gen Z to be entrepreneurs. You can only download this statistic as a Premium user. Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. Vinted also works as an intermediary between sellers and buyers, helping resolve issues. Overview. However, we have a pretty simple solution that gets around this restriction. 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. View original content:http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. In light of such risks, readers are cautioned not to place undue reliance on such forward-looking statements. Previous investors HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus Ventures, TempoCap and Sebastian Siemiatkowski also participated. As in most cases, it depends. With roughly 30 million registered users across nearly 150 countries,. Listings also aren't required to look overly professional, which makes the Vinted app better suited for casual sellers who want to clear their inventory. Platforms should cater for all levels of buyer and seller, says Depops Semple. Using a Vinted or Depop app, users can sell, buy, or exchange their used clothes. Poshmark is currently only available in the United States, Canada, Australia, India, and the United Kingdom. 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. <br><br>In the year between finishing my undergraduate degree and beginning my postgraduate studies, I completed as many contract internship . 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. 90% of Depop's active users are under the age of 26.Depop. [14] Users can also follow other sellers, whose posts will appear in their feeds. Depop payments are transferred directly to your PayPal account, and no intermediary is involved in handling transactions. OLIO. r/Depop on Reddit: Contacted depop on Twitter about the banner showing Therefore, as a seller on Vinted, the buyers will expect you to offer a lower price for your products, as they are the ones covering all the fees. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. You then use this address for your deliveries, and theyll automatically forward them to your home country. 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. Poshmark is available in the U.S., Canada, India, and Australia, but at this time Poshers cannot buy or sell outside of their country. How to Deliver Items from the Depop Online Store to Europe In other words, Depop is basically Instagram, but with more transparency about the fact that it's selling you stuff. [21] The platform has also been criticized by its users for picking predominantly thin models wearing straight size clothing to showcase on its Explore page, which some have described as sizeist.[22][19]. A sub for discussing all things Depop. Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. 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. Countries. A Division of NBCUniversal. Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. ETSY. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. According to positive reviewers, Depop allowed them to start their small business. 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. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. Etsy expects to share more information in conjunction with its second quarter 2021 financial results. On this Wikipedia the language links are at the top of the page across from the article title. Depop Resellers: Is It Ethical? - The Iliad Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Depop is a popular second-hand fashion marketplace app with a global community of buyers and sellers. "Monthly Active Users (Mau) of The Depop App in The United Kingdom (Uk) from January 2018 to October 2021 (in Millions). Leading fashion e-commerce companies worldwide 2022, by market cap, EV/EBITDA of leading fashion e-commerce companies worldwide 2021-2023, Global consumers reasons for returning clothes bought online 2021, Main online impulse purchases worldwide 2022, by gender. 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. Send your buyer a message thanking them and letting them know when you plan to ship; Ship ASAP using tracked delivery. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. 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. Please do not hesitate to contact me. 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. This type of service is called Freight Forwarding. While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. Many sellers model the clothes they sell themselves. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. Engineering Manager Job London England UK,IT/Tech Shipping guide - Worldwide - Depop help GB The app is currently available only in European countries, but it's expected to soon be available in the US too. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. <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. How to sell on Depop according to some successful sellers - RUSSH Some of the motivations for using Depop come as no surprise 75 per cent of those surveyed are looking to reduce clothing consumption. You have successfully joined our subscriber list. If y'all remember I posted how I got banned for hashtags that were FINE. Take a picture of the item, describe it, set a price for it, and post. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. Discover unique fashion. [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. Depop has around 30 million users in over 150 countries, the majority of whom are young people. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. Users can pay for items using PayPal. Etsy Shells Out $1.6B to Buy Depopand to Reach Gen Z - Adweek Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Commercial Credit Report for Etsy Inc - Report Preview ", 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. 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. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. 147. . 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. 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. Etsy has sufficient available liquidity to fund the acquisition. Sign up for free newsletters and get more CNBC delivered to your inbox. 26M+ registered users over 150 countries. While some users complained of poor customer service, Depop can help you make extra money online. If you think about selling your old clothes online, two reselling apps immediately spring to mind - Vinted and Depop. [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. statistic alerts) please log in with your personal account. How to sell. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. 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. Shares our two-sided marketplace business model: Depop is a peer-to-peer marketplace with similar capital-light operating model and financial characteristics. 12.9% of the sale price or lower, plus $0.30 per order. Men's Black and Blue Trainers | Depop To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. 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. ", Depop's CEOMaria Ragasaid in a statement that Depop is "where the next generation comes to explore unique fashion and be part of a community that's changing the way we shop. 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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