[5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. Test out different poses. Currently, you are using a shared account. 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. Who we are. VP of Investor Relations, Jessica Schmidt You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. UK: Depop app monthly active users 2021 | Statista 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. It does come with fees and higher shipping costs. You can unsubscribe at any time. Create Web Version and Android iOS App Similar Depop Second-hand clothing The platform's "Explore" page features items picked out by Depop staff. A 2020 Hulu study found 75 per cent of Gen Z respondents rejected easy categorisation of their race, gender or sexuality, while 60 per cent felt their identity was linked to a broad mix of factors, including race, culture and language. OpenAI explain why some countries are excluded from - nature.com Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. Vinted is more transactional. Depop - Start Selling 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. 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. 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. Compare features, ratings, user reviews, pricing, and more from Depop competitors and alternatives in order to make an informed decision for your business. People want the opportunity to buy and sell, but also they want this inspirational layer and entertainment through their experiences.. Make sure your clothing is the focal point of the picture by keeping the . Depop is a website and mobile app available in over 150 countries with over 26 million active users. It's also recommended to refresh and bump your listings for them to stay at the top of the search. 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. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. Depop boasts approximately 30 million registered users across 150 countries. As a Premium user you get access to the detailed source references and background information about this statistic. Depop proudly states that 90 percent of its active users are under 26. Depop Reviews | Read Customer Service Reviews of depop.com - Trustpilot Sure, both platforms offer similar services, but their approach is different. Essentially, youll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular 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. Some of the motivations for using Depop come as no surprise 75 per cent of those surveyed are looking to reduce clothing consumption. 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.". [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. If y'all remember I posted how I got banned for hashtags that were FINE. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through its online marketplace. Abigail Cooper - Seller - Depop | LinkedIn We're a community that inspires and connects our users." 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. Is Depop popular in Romania and Eastern European countries - reddit Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. Unfortunately, yes. Statista. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. Tom Evans says Depop has become his primary source of income. That presents a challenge for Depop. Others were also unhappy with the customer service describing it as unresponsive. This press release (including statements quoted in this press release) contains forward-looking statements within the meaning of the federal securities laws. While creating a Depop account, your phone number will be required. Chart. Investor Relations Manager, Advances leadership in community-driven and differentiated marketplaces, Etsy to acquire global fashion resale marketplace Depop. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Unfortunately, Depop doesnt ship directly to Europe. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. Bahrain. The freight forwarder accepts the package on your behalf. It really makes us think about, how do we serve these journeys? Its because theyre reliable, dont charge a bunch of taxes, and offer affordable rates. [16] Celebrities have resold their own items on Depop, with some donating proceeds to charitable causes. Depop. Please read the full Terms of use and Privacy Policy. Depop allows its sellers to include rules buyers can see when scrolling through their posts. Men's Black and Blue Trainers | Depop To receive packages from the United States, youre going to need to have an address based there. Vinted, for instance, is generally more focused on the transactional side. Depop's mission statement is "to change the way people buy, sell and think about fashion." Is Depop second hand? The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. Get paid fast when your item sells. statistic alerts) please log in with your personal account. 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. Learn more about how Statista can support your business. "Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions)." Get the item and o rate your experience with the seller. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. I'm trying to figure out an alternative atm 10 Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. However, while both apps provide practically the same services, they differ in a few key areas. It must've been cuz I mentioned the BBB. The website was launched in 2011 as a social network for PIG magazine readers wanting to buy featured items. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. By Lisa Lacy. You then use this address for your deliveries, and theyll automatically forward them to your home country. Depop is a reliable website that allows you to buy and sell items. Y, 2019. Kasera has had a long career in personal finance having spent over 5 years working as a financial advisor directly with CEOs, business owners, and entrepreneurs. As you can see, while looking practically identical at first glance, Depop and Vinted are two sides of the same coin. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. Here in the United States, it doesn't. To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. As in most cases, it depends. Both apps also target slightly different audiences. 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. [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]. The deal marks the biggest acquisition yet for Etsy, which went public on the New York Stock Exchange in 2015. BROOKLYN, NY 11201 United States. Can I buy and sell on Poshmark if I'm not in the United States? Instead, the app uses an escrow service that holds the money in your Vinted wallet until the buyer gets and accepts the item. Use Ask Statista Research Service. Conduct your own research and seek the advice of a licensed financial advisor. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. You can change the interval in the system settings. US Teens Sell More on Depop Than Their UK Counterparts - Business Insider It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. Our company was founded in 2005 and is headquartered in Brooklyn, New York. 16.6M+ items are available for sale on Depop. [3] Paolo Barberis and Nana Bianca were two of the first investors in the platform in 2012 with a seed investment. Decide your price. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. Is Depop Down? Why Is Depop Not Working Right Now? Get The Truth Here Do NOT buy from GB via Depop if you live in the EU. eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. Take a picture of the item, describe it, set a price for it, and post. Press J to jump to the feed. A Division of NBCUniversal. However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. We disclaim any obligation to update forward-looking statements, except as required by law. What Is Depop? Everything You Need to Know About the Resale App While no seller likes to pay fees, they are integral to online selling. 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. Once the package is received, the freight forwarder will ship the package directly to you in Europe. It was established in 2011 by Simon Bekerman and now has over 15 million . They come to Depop for the clothes, but stay for the culture. That leads us to the question, which of these two reselling platforms is better? 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? Commercial Credit Report for Etsy Inc - Report Preview For sellers, we offer a range of tools and services that address key business needs. Now imagine if someone came through and bought a pair of pants for $12 . Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. In other words, Depop is basically Instagram, but with more transparency about the fact that it's selling you stuff. Date of release is date of access.Figures have been rounded. Business Summary. ", 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. How Brands Are Collaborating with Depop to Reach Young Shoppers This partly refers to self-identity. r/Depop on Reddit: Contacted depop on Twitter about the banner showing As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Depop Statistics, User Count and Facts (2023) Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. Previous investors HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus Ventures, TempoCap and Sebastian Siemiatkowski also participated. GET SERVICE INSTANTLY . Document depop.com Traffic Analytics & Market Share | Similarweb Like Depop, Decluttr is free to download and use. [11][12], Depop is a social e-commerce platform where users can buy and resell their items. We'll now take an exciting leap forward as part of the Etsy family, benefiting from Josh's and his team's expertise, and the resources of a much larger company whose values are so aligned with ours here at Depop.
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