Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. Depop is expected to be accretive to Etsy's top line growth rate and modestly dilutive to Etsy's adjusted EBITDA margin. Both apps also make it very easy to post your items. With 4 million active buyers and 2 million . To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. You can unsubscribe at any time. The only pricey item I've found is a pantsuit that cost around $20. Available everywhere. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. Please see our privacy policy for more information. 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. Depop | Buy & Sell Clothing 12+ Resale Marketplace for Clothes Depop Ltd #60 in Shopping 4.8 399.1K Ratings Free iPhone Screenshots Buy. These businesses all share similar levers of growth to unlock value, including improving search and discovery, building human connections, and making selling and buying easier. 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. Depop, for example, charges its sellers 10% of each sale plus the possible PayPal fee for one's country. Users can buy and sell clothing, accessories, and beauty products. Get this delivered to your inbox, and more info about our products and services. Now imagine if someone came through and bought a pair of pants for $12 . Last month [object Object] was the top country sending desktop traffic to depop.com - click below to discover all countries Top Countries United States 49.04% 1.30% United Kingdom 24.80% 4.06% Australia 8.56% 15.40% Canada 2.74% 0.35% Italy 1.27% 13.93% Others 13.60% See all countries depop.com Audience Demographics The platform's "Explore" page features items picked out by Depop staff. Depop is powered by young influencers like 20-year-old Moira Campos who is one of Depop's top sellers. Forward-looking statements represent our beliefs and assumptions only as of the date hereof. The first difference is the market available. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. statistic alerts) please log in with your personal account. With roughly 30 million registered users across nearly 150 countries,. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Unfortunately, Depop doesn't ship directly to Europe. Like Depop, Decluttr is free to download and use. 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. 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. By Lisa Lacy. 4 locations detected. Both apps also target slightly different audiences. Press question mark to learn the rest of the keyboard shortcuts. Make sure your clothing is the focal point of the picture by keeping the . Depop's mission statement is "to change the way people buy, sell and think about fashion." Is Depop second hand? 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Algeria. One user even commented that they were able to receive payments fast. Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. 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. 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. The platform is very similar to other online marketplaces like eBay, Facebook Marketplace, Mercari, or Poshmark. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. Then you can access your favorite statistics via the star in the header. 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. Like Depop, Swappa pays via PayPal. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. Vinted, for instance, is generally more focused on the transactional side. The marketplaces will operate independently, while benefiting from shared expertise in areas such as product, marketing, technology, and customer support. Investor Relations Contact: Etsy, Deb Wasser, Vice President, Investor Relations and ESG Engagement: [email protected] Etsy, Gabe Ratcliff, Director, Investor Relations: [email protected], Media Relations Contact:Etsy, Kelly Clausen, Senior Director, Corporate Communications: [email protected], Cautionary Statement Regarding Forward-Looking Statements. 147. When you click on 23-year-old Lyuu's Depop shop, you'll see a collection of pink, black, red and white gothic and vintage clothing from a designer Dior bag that costs nearly two grand to an . Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. At Etsy, we promise to treat your data with respect and will not share your information with any third party. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. The Company's primary marketplace, Etsy . An overwhelming 90 per cent of its active users are under the age of 25. Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. According to positive reviewers, Depop allowed them to start their small business. 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. If you experience any issues with this process, please contact us for further assistance. Click here to view 60+ Websites to Sell Stuff. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. Previous investors HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus Ventures, TempoCap and Sebastian Siemiatkowski also participated. 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. 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 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. Depop is a reliable website that allows you to buy and sell items. Secondhand may be sustainable but its also cool. Forward-looking statements include all statements that are not historical facts. In an age of financial uncertainty, young people are taking finances into their own hands. Depop is a legitimate app that allows sellers and buyers to trade their items hence not a scam. Do NOT buy from GB via Depop if you live in the EU. As a mobile app, it is available on iOS and Android platforms. Sellers can set up their Depop shop and quickly list . A copy of the presentation that will be covered on the conference call will also be posted to our website. Have to complete the purchase to update your shipping address - Depop You must click the activation link in order to complete your subscription. Forward-looking statements include statements related to our potential addressable market,the potential benefits of the acquisition of Depop, expected impact of the acquisition of Depop on Etsy's future financial performance and the potential impact on Etsy's consolidated financial results, the anticipated timing of the closing of the acquisition of Depop, the anticipated impact of applying Etsy's expertise to Depop's business and the potential of Depop's business. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. A DJ performs at the launch of social shopping app Depop's 3-month pop-up at Selfridges on August 01, 2019 in London, England. 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 app for you . Sure, both platforms offer similar services, but their approach is different. i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. 16.6M+ items are available for sale on Depop. 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. 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. But why Depop? In 2021, Depop was acquired by Etsy for $1.6 billion. [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. 2023 CNBC LLC. Prior to agreeing a sale to Etsy, Depop had raised a total of $105.6 million from investors including General Atlantic, Creandum, Balderton Capital, Octopus Ventures and Klarna CEO and co-founder Sebastian Siemiatkowski, according to data from Crunchbase. uniexpressgt.com participates in various affiliate programs, and we sometimes get a commission through purchases made through our links. Get paid for the item and start the shipping process. Depop has around 30 million users in over 150 countries, the majority of whom are young people. [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. Unfortunately, some users complained that the platform would hold your money for a long time before closing your accounts. Which one is better, though? It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. Does the Depop online store ship items overseas to Europe? We're a community that inspires and connects our users." Sky warns: "Don't let your photo be more distracting than the product you're selling.". Depop is a legitimate app that lets sellers sell items and buyers buy items; hence not a scam. Sr. Director of Investor Relations, Patricia Cruz When it comes to newness, this generation has a new lens through which they see new.. Essentially, you'll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. Since Depop has attracted young people, you can expect a lot of clothing and other items to be approved by the millenials. On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. Depop users who opt for using Royal Mail are penalised by being forced to pay Depop sales fees out of pocket and wait up to one month to receive their earnings. Its important to have cultural fluidity, she says. We want to hear from you. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash. Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. Then I sent them this. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. While creating a Depop account, your phone number will be required. [19][20] According to Taylor Lorenz of The Atlantic, Depop draws in Gen Z users through being easily accessible and having affordable prices, and much of its user base uses it to track trends in fashion. A Division of NBCUniversal. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through. What distinguishes Depop from Vinted is its emphasis on social features, working as a social network app in addition to being a reselling marketplace. If you are an admin, please authenticate by logging in again. 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. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. The site . Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. Comments, questions or feedback? 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 . Deb Wasser A paid subscription is required for full access. Poshmark is currently only available in the United States, Canada, Australia, India, and the United Kingdom. Disclosure. On paper, Depop and Vinted offer the exact same services, connecting second-hand clothing sellers with buyers. OLIO. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Business Summary. Press J to jump to the feed. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. . Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. The Depop plan sets out a series of targets to hit by the end of 2021. Depop boasts approximately 30 million registered users across 150 countries. The brand registered unprecedented growth in May and July 2020, with. And forget all about contacting their support. Ship. 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. The benefit of this service is you can order from anywhere in the United States and get your items shipped to Europe. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. hi! Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. However, while both apps provide practically the same services, they differ in a few key areas. Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission, including in the section entitled Risk Factors in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, and subsequent reports that we file with the Securities and Exchange Commission. Type Subsidiary . Test out different poses. . 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. Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. Poshmark is best known for women's fashion, trendy brands, and higher-end clothing and accessories. Prices for clothing range from $3-$15. Statista. OpenAI explain why some countries are excluded from ChatGPT Download PDF. Ebay has a working international search so sellers aren't forced to do it, on depop you have to change your location manually to see listings from other countries. 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. It does come with fees and higher shipping costs. Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. To answer that, we must take a closer look at the two. 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. However, these can be dealt with by using Packlink to find the cheapest parcel delivery service. Others also described the platform as an easy-to-use selling platform. Unlike Depop sellers, Vinted sellers don't pay any fees. Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. 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. Depop is a social shopping app that has been described as a mix of eBay and Instagram. What are the Other Ways to Make Money on Depop? Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre. More so, what you earn on Swappa depends on the item you are selling and its condition. 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). All Rights Reserved. Depop is planning to run in-person events for later this year, similar to its 2019 Depop live series in New York and London, which brought together sellers and performers to create physical resale spaces alongside an events programme. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. 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. Discover unique fashion. Platforms should cater for all levels of buyer and seller, says Depops Semple. 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. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through its online marketplace. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. This is a fluid generation defying categorisation in every sense, Levato says. [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. In light of such risks, readers are cautioned not to place undue reliance on such forward-looking statements. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. ", 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.". Bahrain. 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. 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. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. You can also email them at [email protected]. Items are usually secondhand or homemade. Depop, which first emerged from an Italian tech incubator in 2011, then established its headquarters in London, is a dark horse in the fashion ecom wars. You need at least a Starter Account to use this feature. How do we make sure we have the right tools for you if you want to effectively be a casual seller (of which there are many more than there were one year ago). 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. That way youll receive all of your items together instead of one at a time. 26M+ registered users over 150 countries. With a website and apps available on both iOS and Android, Depop promises to be an online shopping. It really makes us think about, how do we serve these journeys? [Online]. Date of release is date of access.Figures have been rounded. (November 8, 2021). Decide your price. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. Its marketplace connects over 21 million users, selling, buying, and exchanging second-hand clothes and accessories. Over 3 million products sold in 12 months with a year limited warranty, Sell smartphones, tablets, laptops books, watches, video games and Lego, Get a free instant item valuation, ship your item for free and get paid, No fees for sellers buyers pay no fees up $50 items. 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 While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. For sellers, we offer a range of tools and services that address key business needs. 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 Popular sellers on the platform often go on to become social media influencers. Chart. The user base on Depop is also younger than on Vinted, which, in exchange, has a more international user base. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. [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]. This press release (including statements quoted in this press release) contains forward-looking statements within the meaning of the federal securities laws. Etsy expects to finalize the deal by the third quarter of 2021. About Depop Our leadership Facts and figures. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. Please read rules before posting. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. my buyer. Therefore, Vinted might be a better choice for a casual seller interested in making some extra money. It's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. 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. As a Premium user you get access to background information and details about the release of this statistic. 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. Depop is a reliable website that allows you to buy and sell items. 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. Show publisher information Depop | Buy & Sell Clothing on the App Store This app is available only on the App Store for iPhone. Up to 140,000 new listings every day. I'm trying to figure out an alternative atm 10 How to sell. Like Depop, eBay charges a commission of 10% on all the items sold. Weve been a long time customer of MyUS, and weve never had any issues with their service.
