Well positioned to benefit from Etsy's expertise to accelerate growth and value creation: Depop is an early-stage business that we believe can leverage our proven value creation roadmap to drive further growth and profitability. Get full access to all features within our Business Solutions. Deb Wasser Get paid fast when your item sells. 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. How does Depop work? - Depop Blog 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. Disclosure. Community Affiliates Manager, Depop Socialfixt Here in the United States, it doesn't. 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). 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. Company summary. After submitting your request, you will receive an activation email to the requested email address. Depop is powered by a team of around 400 people, dedicated to our mission of fashion for a better future. Depop has around 30 million users in over 150 countries, the majority of whom are young people. This is a fluid generation defying categorisation in every sense, Levato says. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. You have successfully joined our subscriber list. Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. It's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. In, Airnow. [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. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. 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. Depop's 2020 gross. Sky warns: "Don't let your photo be more distracting than the product you're selling.". We're excited to build a 'house of brands' where the whole is greater than the sum of its parts.". Sign up for free newsletters and get more CNBC delivered to your inbox. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. It must've been cuz I mentioned the BBB. 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. There are plenty of resources available to help you cleared up any questions you may have. Shipping guide - Worldwide - Depop help GB However, while both apps provide practically the same services, they differ in a few key areas. [5] Depop expanded and opened additional offices in Milan and New York City. 16.6M+ items are available for sale on Depop. Does the Depop online store ship items overseas to Europe? Only limited information is available about the algorithms and modelling behind ChatGPT, which makes it difficult . 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. It is one of the few success stories of the dot-com bubble, which . Depop Revenue and Usage Statistics (2023) - Business of Apps In an age of financial uncertainty, young people are taking finances into their own hands. 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?. Got a confidential news tip? Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. The freight forwarder accepts the package on your behalf. Depop Careers and Employment | Indeed.com Today, Depop is a place where millions of users come to celebrate their style and discover culture. 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. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. Depop reports having over 30 million registered users in over 150 countries. View original content:http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. Etsy's mission is to keep commerce human, and we're committed to using the power of business to strengthen communities and empower people. It's also recommended to refresh and bump your listings for them to stay at the top of the search. It's easy to get started - just create an account to start selling. The Company's primary marketplace, Etsy . She has about 40,000 followers, and selling clothes online has become a full-time job for her. 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. Etsy will host a live webcast conference call to discuss this acquisition at 8:30 a.m. Eastern Time today, which will be live-streamed via our Investor Relations website (investors.etsy.com) under the Events section. Vinted also works as an intermediary between sellers and buyers, helping resolve issues. [8][bettersourceneeded], In June 2019, Depop raised $62 million in Series C from General Atlantic to fund its expansion. 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%. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. Depop is expected to be accretive to Etsy's top line growth rate and modestly dilutive to Etsy's adjusted EBITDA margin. Backend Engineer | Depop Careers [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. Depop - Start Selling Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. Therefore, Vinted might be a better choice for a casual seller interested in making some extra money. Depop Statistics, User Count and Facts (2023) IOS Developer Job London England UK,Software Development Platforms should cater for all levels of buyer and seller, says Depops Semple. Are you interested in testing our business solutions? 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. Ticker: ETSY. While Decluttr focuses on selling media stuff such as used tech and media such as CDs, DVDs, and Blu-rays, Depops primary focus is selling clothing, shoes, and other items. Click here to view 60+ Websites to Sell Stuff. Can I buy and sell on Poshmark if I'm not in the United States? Register in seconds and access exclusive features. Facts and figures | Depop Newsroom Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. They come to Depop for the clothes, but stay for the culture. An overwhelming 90 per cent of its active users are under the age of 25. You can unsubscribe at any time. Commercial Credit Report for Etsy Inc - Report Preview 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. The platform is very similar to other online marketplaces like eBay, Facebook Marketplace, Mercari, or Poshmark. Discover independent brands making waves and the creators behind them. 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. Like Depop, Swappa pays via PayPal. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. OpenAI explain why some countries are excluded from - nature.com r/Depop - What countries outside UK is Depop popular in? How is it [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]. Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. Then I sent them this. Selling on Poshmark vs. Selling on Depop - Vendoo OpenAI explain why some countries are excluded from ChatGPT Download PDF. Depop Review 2023 - Plans, Pros, Cons and Alternatives - DollarBreak Investor Relations Contact: Etsy, Deb Wasser, Vice President, Investor Relations and ESG Engagement: dwasser@etsy.comor Etsy, Gabe Ratcliff, Director, Investor Relations: gratcliff@etsy.com, Media Relations Contact:Etsy, Kelly Clausen, Senior Director, Corporate Communications: press@etsy.com, Cautionary Statement Regarding Forward-Looking Statements. Profit from the additional features of your individual account. And it doesn't look like there's a way to list items from a computer. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. These risks and uncertainties include: (1) the level of demand for our services or products sold in our marketplaces and our ability to support our recent growth; (2) the importance to our success of the trustworthiness of our marketplaces and our ability to attract and retain active and engaged communities of buyers and sellers; (3) risks related to the COVID-19 pandemic; (4) the fluctuation of our quarterly operating results; (5) our failure to meet our publicly announced guidance or other expectations; (6) if we or our third-party providers are unable to protect against technology vulnerabilities, service interruptions, security breaches, or other cyber incidents; (7) our dependence on continued and unimpeded access to third-party services, platforms, and infrastructure; (8) macroeconomic events that are outside of our control; (9) operational and compliance risks related to our payments systems; (10) our ability to recruit and retain employees; (11) our ability to compete effectively; (12) our ability to enhance our current offerings and develop new offerings to respond to the changing needs of sellers and buyers; (13) our ability to demonstrate progress against our environmental, social, and governance Impact strategy; (14) our efforts to expand internationally; (15) our ability to successfully integrate and receive the expected benefits from the Depop and Elo7 acquisitions; (16) acquisitions that may prove unsuccessful or divert management attention; (17) regulation in the area of privacy and protection of user data; and (18) litigation and regulatory matters, including intellectual property claims. Currently, you are using a shared account. Depop is a legitimate app that lets sellers sell items and buyers buy items; hence not a scam. to incorporate the statistic into your presentation at any time. As of today, Vinted is available in 15 countries. The app is currently available only in European countries, but it's expected to soon be available in the US too. ", 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. Using a Vinted or Depop app, users can sell, buy, or exchange their used clothes. Generation Z, which spans consumers aged 7 to 25, will make up 40 per cent of the luxury market by 2035, according to consultancy Bain & Company, which has collaborated with Depop on the report. In other words, Depop is basically Instagram, but with more transparency about the fact that it's selling you stuff. Now, were assuming that you neither own a house there or do you have relatives living there, so how is this even possible? Items are usually secondhand or homemade. Learn more about how Statista can support your business. 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. 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. Its a fairly common question we often see asked, and the answer isnt all that clear. . Depop's mission statement is "to change the way people buy, sell and think about fashion." Is Depop second hand? 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. DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. It does come with fees and higher shipping costs. 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. 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 is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. 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. The 35 Best Student Apps You Shouldn't Live Without - CareerAddict You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Please create an employee account to be able to mark statistics as favorites. We're a community that inspires and connects our users." How to sell. It also gives the online marketplace a bigger footprint in fashion resale. Its important to have cultural fluidity, she says. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. i just wanted to ask if depop is not available in all countries 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. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. This button displays the currently selected search type. 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. Ship. Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. Both apps also target slightly different audiences. Available on Android and iOS (free) Another great app for the starving student! SourceForge ranks the best alternatives to Depop in 2022. It really makes us think about, how do we serve these journeys? To receive packages from the United States, youre going to need to have an address based there. [6] Beckerman raised 1 million in funding in October 2013 from Red Circle Investment and brought on Faroese Runar Reistrup as new CEO. Type Subsidiary . Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph]. 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. Unfortunately, Depop doesnt ship directly to Europe. 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. Secondhand may be sustainable but its also cool. You can use it to browse listings by your neighbours and local shops with a surplus of food or other products. 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. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. 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 . Then you can access your favorite statistics via the star in the header. Its because theyre reliable, dont charge a bunch of taxes, and offer affordable rates. LocationsView all. But let's talk about differences. $1 Billion made by the Depop community to date. According to positive reviewers, Depop allowed them to start their small business. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. 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. Etsy expects to share more information in conjunction with its second quarter 2021 financial results. Compare Depop alternatives for your business or organization using the curated list below. Depop is a peer-to-peer social shopping app. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. Depop: Can pre-loved clothes make fast fashion sustainable? That way youll receive all of your items together instead of one at a time. Forward-looking statements represent our beliefs and assumptions only as of the date hereof. my buyer. "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. Depop is a place for anyone to discover and . Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. 90% of Depop's active users are under the age of 26.Depop. Pay for the item, tell the seller where to ship it, and pay for it. All Rights Reserved. trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. Countries. Available everywhere. 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 - 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. don't give up! 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. . A paid subscription is required for full access. Take a picture of the item, describe it, set a price for it, and post. When we do drops, its really hard to kind of nail down an aesthetic.. Like Depop, Decluttr is free to download and use. Its marketplace connects over 21 million users, selling, buying, and exchanging second-hand clothes and accessories. Do NOT buy from GB via Depop if you live in the EU. 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.". Thrift stores, in the Poway area, are pretty cheap. Users can buy and sell clothing, accessories, and beauty products. Shop now Sell your way i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. Aria says it's because Depop is about people, not just about the item being sold "We're not just a platform for people to buy and sell. [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. At Etsy, we promise to treat your data with respect and will not share your information with any third party. By Lisa Lacy.

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