Disclosure. Investor Relations Manager, Advances leadership in community-driven and differentiated marketplaces, Etsy to acquire global fashion resale marketplace Depop. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. The company was founded in 2011 and is headquartered in London . [14] Users can also follow other sellers, whose posts will appear in their feeds. 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. To receive packages from the United States, youre going to need to have an address based there. Instead, the app uses an escrow service that holds the money in your Vinted wallet until the buyer gets and accepts the item. The freight forwarder accepts the package on your behalf. 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. Now imagine if someone came through and bought a pair of pants for $12 . 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. 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. GET SERVICE INSTANTLY . Users can buy and sell clothing, accessories, and beauty products. Use Ask Statista Research Service. As you can see, while looking practically identical at first glance, Depop and Vinted are two sides of the same coin. Click here to view 60+ Websites to Sell Stuff. 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. . You can change the interval in the system settings. 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. Men's Black and Blue Trainers | Depop [3] Paolo Barberis and Nana Bianca were two of the first investors in the platform in 2012 with a seed investment. The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. How to sell. Meet Bella McFadden, who made $1 million on Depop - Fast Company Depop: Can pre-loved clothes make fast fashion sustainable? ", "Is Depop being gentrified? Ticker: ETSY. It is one of the few success stories of the dot-com bubble, which . Forward-looking statements include all statements that are not historical fact. OpenAI explain why some countries are excluded from ChatGPT Download PDF. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. Please do not hesitate to contact me. Depop boasts approximately 30 million registered users across 150 countries. Retailers and brands might consider how they can inspire Gen Z to be entrepreneurs. The brand registered unprecedented growth in May and July 2020, with. by Jerret West, CVP Gaming Marketing, Xbox Feb 28, 2023 @ 12:01am. But their interest in secondhand clothes also has significance beyond save-the-planet instincts. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Email us at feedback@voguebusiness.com. Please read the full Terms of use and Privacy Policy. Commercial Credit Report for Etsy Inc - Report Preview Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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? Whatever you're into, find the item and the seller for you on Depop. The first difference is the market available. Forward-looking statements include all statements that are not historical facts. Countries. ETSY. 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 can also move the money to your bank account once its transferred to PayPal. This partly refers to self-identity. We disclaim any obligation to update forward-looking statements, except as required by law. Company summary. Have to complete the purchase to update your shipping address - Depop For sellers, we offer a range of tools and services that address key business needs. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. 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. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. By providing your email address below, you are providing consent to Etsy to send you the requested Investor Email Alert updates. Shipping guide - Worldwide - Depop help GB While creating a Depop account, your phone number will be required. Statista. UK: Depop app monthly active users 2021 | Statista As Depop, which has 219 employees, struggles to police millions of users across multiple continents, the start-up is reckoning with dangers facing its young users that have plagued the internet since the early 1990s. Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. Etsy CEO on how $1.6 billion deal for Depop could help the company grow. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. Business Summary. Discover unique fashion. ", 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.". With 4 million active buyers and 2 million active sellers in 2020, we believe Depop's cohort behavior is particularly impressive: for example, in 2020, 75% of GMS was from existing cohorts; ~75% of sellers were also buyers; and, on average, sellers sold approximately 10 items and buyers bought approximately 6 items. 2023 CNBC LLC. Depop | Buy & Sell Clothing on the App Store All Rights Reserved. ", Rachel Glaser, Etsy's CFO, commented, "We've admired Depop for a while, and are excited to have now reached an agreement to purchase this fantastic business - a company we believe is still in the early innings of its growth opportunity. A sub for discussing all things Depop. 6) The app must also have an express courier function, home collection/delivery, users can do everything without leaving home. While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. As in most cases, it depends. Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. 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. Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. According to positive reviewers, Depop allowed them to start their small business. Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. Engineering Manager Job London England UK,IT/Tech Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. I agree to receive your newsletter. This press release (including statements quoted in this press release) contains forward-looking statements within the meaning of the federal securities laws. 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 . In the 2000's, eBay went on a spending spree that saw it taking ownership of PayPal, Skype and Stubhub, although it has since relinquished ownership of all three businesses. The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). As a part of our mission to expand the joy and community of gaming to every player in the world, we're excited to announce we're bringing a preview of PC Game Pass to 40 new countries for the first time ever, comprising: Albania. OLIO. 22. 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. Its marketplace connects over 21 million users, selling, buying, and exchanging second-hand clothes and accessories. [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. Are you interested in testing our business solutions? Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. As a Premium user you get access to the detailed source references and background information about this statistic. 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?. MyUS is one of the best freight forwarders available and its our favorite. Depop, for example, charges its sellers 10% of each sale plus the possible PayPal fee for one's country. 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 the marketplace where you can explore your style. 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. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. Some of the motivations for using Depop come as no surprise 75 per cent of those surveyed are looking to reduce clothing consumption. They come to Depop for the clothes, but stay for the culture. When expanded it provides a list of search options that will switch the search inputs to match the current selection. The platform is very similar to other online marketplaces like eBay, Facebook Marketplace, Mercari, or Poshmark. 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. Our company was founded in 2005 and is headquartered in Brooklyn, New York. Sell. The network currently has more than 15 million users in 147 countries, skewed heavily towards those aged under 26, with plans to expand across Europe and Asia. Test out different poses. After submitting your request, you will receive an activation email to the requested email address. Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. . Etsy to acquire global fashion resale marketplace Depop Create an account to follow your favorite communities and start taking part in conversations. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. IOS Developer Job London England UK,Software Development Get paid for the item and start the shipping process. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. Conduct your own research and seek the advice of a licensed financial advisor. 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. 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. 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 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. 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. If you experience any issues with this process, please contact us for further assistance. November 8, 2021. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. In addition, Etsy, Inc. owns Reverb, a leading global online marketplace dedicated to buying and selling new, used, and vintage musical instruments. Algeria. Ship. We want to hear from you. Dont expect easy answers. 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. 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. 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. The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay. Main Menu - packlink.com The website was launched in 2011 as a social network for PIG magazine readers wanting to buy featured items. Depop | Buy & Sell Clothing 12+ Resale Marketplace for Clothes Depop Ltd #60 in Shopping 4.8 399.1K Ratings Free iPhone Screenshots Buy. Its important to have cultural fluidity, she says. 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 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. <br><br>I have demonstrated skills and experience in public relations, fashion marketing, and fashion communications. You must click the activation link in order to complete your subscription. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. <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. In other words, Depop is basically Instagram, but with more transparency about the fact that it's selling you stuff. Discover independent brands making waves and the creators behind them. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. Backend Engineer | Depop Careers 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's easy to get started - just create an account to start selling. Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. "Australia is Depop's third largest market. We're a community that inspires and connects our users." 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. ", 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. Best Depop Alternatives & Competitors - SourceForge Etsy is buying Gen Z-focused fashion resale app Depop for $1.62 billion Who we are. Many sellers model the clothes they sell themselves. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. The Depop plan sets out a series of targets to hit by the end of 2021. Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. Only limited information is available about the algorithms and modelling behind ChatGPT, which makes it difficult . [Online]. 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. 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. Access to this and all other statistics on 80,000 topics from, Show sources information Subscribe to receive weekly Side Hustle recommendations. Europe Secondhand E-Commerce Market Report 2021 with Make sure your clothing is the focal point of the picture by keeping the . There are plenty of resources available to help you cleared up any questions you may have. We're excited to build a 'house of brands' where the whole is greater than the sum of its parts.". 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.