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ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. Decluttr is an online app that allows you to sell your used media. Once the package is received, the freight forwarder will ship the package directly to you in Europe. 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. Please see our privacy policy for more information. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. 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. Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. To answer that, we must take a closer look at the two. Get this delivered to your inbox, and more info about our products and services. However, we have a pretty simple solution that gets around this restriction. A Division of NBCUniversal. Sure, both platforms offer similar services, but their approach is different. 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. don't give up! . 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. Vinted operate differently, with money not being transferred to your account immediately after the purchase. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Email us at feedback@voguebusiness.com. Unfortunately, yes. Etsy CEO on how $1.6 billion deal for Depop could help the company grow. LocationsView all. hi! Take a picture of the item, describe it, set a price for it, and post. To contact Depop customer service, go to the help desk page, enter your details and submit. I always say we owe ourselves authenticity. 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. Depop is a peer-to-peer social shopping app based in London that first launched in 2011. Its not so long ago that many people wouldnt have thought of themselves as potential resellers, he says. 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. In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. [6] Beckerman raised 1 million in funding in October 2013 from Red Circle Investment and brought on Faroese Runar Reistrup as new CEO. The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). Why do we think MyUS is the best? 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?. [8][bettersourceneeded], In June 2019, Depop raised $62 million in Series C from General Atlantic to fund its expansion. Its important to have cultural fluidity, she says. Users can pay for items using PayPal. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Its because theyre reliable, dont charge a bunch of taxes, and offer affordable rates. 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. 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. 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). Bank of America reveals the winning market share gainers with more room to run, Goldman Sachs upgrades this internet of things stock which it sees surging 60%, JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. Learn more about how Statista can support your business. When it comes to newness, this generation has a new lens through which they see new.. The only thing that I would change are the "plus . View original content:http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. They come to Depop for the clothes, but stay for the culture. 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. It's also recommended to refresh and bump your listings for them to stay at the top of the search. ", "Is Depop being gentrified? 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. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. The company was founded in 2011 and is headquartered in London . Have to complete the purchase to update your shipping address - Depop As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Deb Wasser ETSY. Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. We want to hear from you. 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. As a Premium user you get access to the detailed source references and background information about this statistic. Dont expect easy answers. Depop is headquartered in London, England and Los Angeles, California. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. It really makes us think about, how do we serve these journeys? Are you interested in testing our business solutions? The platform's "Explore" page features items picked out by Depop staff. 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. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. 16.6M+ items are available for sale on Depop. Forward-looking statements represent our beliefs and assumptions only as of the date hereof. Got a confidential news tip? Available everywhere. [Online]. OLIO. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. By providing your email address below, you are providing consent to Etsy to send you the requested Investor Email Alert updates. When we do drops, its really hard to kind of nail down an aesthetic.. Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph]. As a Premium user you get access to background information and details about the release of this statistic. Register in seconds and access exclusive features. 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. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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 should know. 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. 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. Many sellers model the clothes they sell themselves. to incorporate the statistic into your presentation at any time. ", 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. A paid subscription is required for full access. 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. You can then. 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 is a social shopping app that has been described as a mix of eBay and Instagram. $1 Billion made by the Depop community to date. Popular sellers on the platform often go on to become social media influencers. However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. Platforms should cater for all levels of buyer and seller, says Depops Semple. Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. Depop is powered by a team of around 400 people, dedicated to our mission of fashion for a better future. How to Deliver Items from the Depop Online Store to Europe About Depop Our leadership Facts and figures. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. Use Ask Statista Research Service. 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. OpenAI explain why some countries are excluded from ChatGPT Download PDF. Our company was founded in 2005 and is headquartered in Brooklyn, New York. There are plenty of resources available to help you cleared up any questions you may have. This extends to how these generations view life and society, but also fashion. ", 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. With roughly 30 million registered users across nearly 150 countries,. And forget all about contacting their support. I agree to receive your newsletter. As soon as this statistic is updated, you will immediately be notified via e-mail. Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. The platform is very similar to other online marketplaces like eBay, Facebook Marketplace, Mercari, or Poshmark. Enter your username, password, and country, Connect your Depop account to your PayPal address, No limit to to the type of products you can sell, 2 days to ship the item after getting paid, High user traffic over 187 million users, Promote your listing from as little as 1%. Sr. Director of Investor Relations, Patricia Cruz Please read rules before posting. It does come with fees and higher shipping costs. If y'all remember I posted how I got banned for hashtags that were FINE. 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 also pays via PayPal compared to Decluttr, which uses Direct deposit, PayPal, and Check. 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. Y, 2019. 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. The Company's primary marketplace, Etsy . Contact Data CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For . Its a fairly common question we often see asked, and the answer isnt all that clear. Does the Depop online store ship items overseas to Europe? How to sell. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. 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. 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. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. Decide your price. 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 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. Whatever you're into, find the item and the seller for you on Depop. Get full access to all features within our Business Solutions. For Semple, physical events remain hugely relevant. 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.". Press question mark to learn the rest of the keyboard shortcuts. One user even commented that they were able to receive payments fast. [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. Over half of respondents said they buy secondhand to find one of a kind pieces, while 45 per cent use it to tap into trends. For sellers, we offer a range of tools and services that address key business needs. Press J to jump to the feed. Depop is the marketplace where you can explore your style. People want the opportunity to buy and sell, but also they want this inspirational layer and entertainment through their experiences.. With 4 million active buyers and 2 million . Instead, the app uses an escrow service that holds the money in your Vinted wallet until the buyer gets and accepts the item. Bahrain. Then I sent them this. Depop's beginnings were also relatively humble. It must've been cuz I mentioned the BBB. <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. 4 locations detected. Secondhand may be sustainable but its also cool. 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. But why Depop? Etsy expects to finalize the deal by the third quarter of 2021. Comments, questions or feedback? Depop is the app for you . Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Unlike Depop sellers, Vinted sellers don't pay any fees. 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. Create an account to follow your favorite communities and start taking part in conversations. I'm trying to figure out an alternative atm 10 Depop is a reliable website that allows you to buy and sell items. Unfortunately, some users complained that the platform would hold your money for a long time before closing your accounts. ", 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.". [10] In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash, making it Etsy's most expensive acquisition, but that Depop would continue operate as a standalone brand independent from Etsy. If you're trying to browse thredUP from another country, you unfortunately won't be able to access our site and will have restricted website access. Depop was founded in 2011 and has over 26 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. Users can buy and sell clothing, accessories, and beauty products. 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. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. Make sure your clothing is the focal point of the picture by keeping the . Resale has emerged as a popular side-hustle; Depop and social media allow Gen Z to cultivate their businesses in a non-traditional and deeply personal way. 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 It is one of the few success stories of the dot-com bubble, which . Sign up to our newsletter for a truly global perspective on the fashion industry. You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. 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. 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. The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay. Ticker: ETSY. For Gen Z, the trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. It's easy to get started - just create an account to start selling. Its marketplace connects over 21 million users, selling, buying, and exchanging second-hand clothes and accessories. Show publisher information Market leadership, with authentic, organic brand traction: Depop deepens our reach into the Gen Z consumer, with differentiated brand strength, strong user engagement and unit economics. A lot of people in my generation have that set-up income from a few little baskets, he says. Online marketplace Etsy announced . November 8, 2021. Sky warns: "Don't let your photo be more distracting than the product you're selling.". "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. Depop is not available in some countries from summer (I cant remember exact month when this happened). The company, founded by Simon Beckerman in 2011, is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney, with approximately 400 employees dedicated to its mission of building the world's most diverse progressive home of fashion, that's kinder on the planet and kinder to people. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. 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. What are the Other Ways to Make Money on Depop? statistic alerts) please log in with your personal account. They come to Depop for the clothes, but stay for the culture. Using a Vinted or Depop app, users can sell, buy, or exchange their used clothes. In addition, Etsy, Inc. owns Reverb, a leading global online marketplace dedicated to buying and selling new, used, and vintage musical instruments. "Monthly Active Users (Mau) of The Depop App in The United Kingdom (Uk) from January 2018 to October 2021 (in Millions). Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. Expands our TAM in a large and fast-growing market, Well positioned to benefit from Etsy's expertise to, http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. The first difference is the market available. You can use it to browse listings by your neighbours and local shops with a surplus of food or other products. Items are usually secondhand or homemade. You then use this address for your deliveries, and theyll automatically forward them to your home country. . Depop also requires sellers to make their offers look more professional, which is why it's better suited for small businesses. These risks and uncertainties include, among others, the possibility that the conditions to the closing of the acquisition of Depop may not be satisfied or waived or that other events may cause the acquisition to not be completed, the potential impact to the business of Depop or Depop's relationships with its marketplace community due to the announcement of the acquisition, Etsy's ability to successfully integrate the acquisition and execute on its business plan and 'house of brands' operating model, and general economic conditions, many of which are beyond Etsy's control, and other risks and uncertainties that 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 March 31, 2021 and subsequent reports that we file with the Securities and Exchange Commission. 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. DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. Others also described the platform as an easy-to-use selling platform. [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. A sub for discussing all things Depop. 12.9% of the sale price or lower, plus $0.30 per order. We estimate that one in four 15-24-year old's in Australia are on Depop," says Aria Wigneswaran, Country Manager Australia, Depop.. How do you just dip in and dip out and find what you need to sell quickly, sell simply and sell easily and then carry on with your life?. This button displays the currently selected search type. Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre. 2023 CNBC LLC. You need at least a Starter Account to use this feature.