Sr. Director of Investor Relations, Patricia Cruz But their interest in secondhand clothes also has significance beyond save-the-planet instincts. Both platforms are dominant forces, connecting 21 and 26 million users worldwide, respectively. Skepta Nike Air Max Plus, SK Air Blue Tailwind Size: UK 8.5 Condition / info: 10/10 Condition, Worn A Handful Of Times perfect condition PLEASE READ International Shipping is available for all countries UK 48 Tracked Royal Mail Shipping to all UK orders Items are shipped within 48 hours Guaranteed All of our items are second hand unless stated otherwise. Depop does not offer other ways to make money apart from selling items such as clothes, shoes, and other items. Sky warns: "Don't let your photo be more distracting than the product you're selling.". 16.6M+ items are available for sale on Depop. Both apps also make it very easy to post your items. That way youll receive all of your items together instead of one at a time. Airnow. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. Click here to view 60+ Websites to Sell Stuff. 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. You can also email them at support@depop.com. 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 the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. Get paid for the item and start the shipping process. MyUS is one of the best freight forwarders available and its our favorite. Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. To contact Depop customer service, go to the help desk page, enter your details and submit. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Are you interested in testing our business solutions? 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. Swappa also focuses on used electronics compared to Depop, which deals in clothing, shoes, and other streetwear. The first difference is the market available. 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. The platform's "Explore" page features items picked out by Depop staff. Poshmark is available in the U.S., Canada, India, and Australia, but at this time Poshers cannot buy or sell outside of their country. Depop, for example, charges its sellers 10% of each sale plus the possible PayPal fee for one's country. Its important to have cultural fluidity, she says. Phones,laptops,wearables,Tablets,video games, Electronic, fashion,health, and beauty products, No limit to the type of products you can sell. It allows users to buy and sell items, most of which are used . [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. You must click the activation link in order to complete your subscription. . The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. Disclosure. You can use it to browse listings by your neighbours and local shops with a surplus of food or other products. Thats now the slogan of the brand I work with a lot of queer people, its just kind of asking them how they want to show up in the world. eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. There are plenty of resources available to help you cleared up any questions you may have. Unlike Depop sellers, Vinted sellers don't pay any fees. $1 Billion made by the Depop community to date. Depop is headquartered in London, England and Los Angeles, California. In case of sender and recipient from the same country or within a radius of 10 kilometres, the user can deliver/collect in person, but no payment in cash. Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. Type Subsidiary . 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 stock was up about 6.7% Wednesday afternoon. Thrift stores, in the Poway area, are pretty cheap. Depop also pays via PayPal compared to Decluttr, which uses Direct deposit, PayPal, and Check. This extends to how these generations view life and society, but also fashion. 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. The first difference is the market available. Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. As you can see, while looking practically identical at first glance, Depop and Vinted are two sides of the same coin. 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. ", 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. Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. Depop is a popular second-hand fashion marketplace app with a global community of buyers and sellers. Place your item in a box or shipping envelope, available at office supply stores or the post office. 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 a reliable website that allows you to buy and sell items. 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. [Online]. Vinted, for instance, is generally more focused on the transactional side. To receive the Vogue Business newsletter, sign up here. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. This type of service is called Freight Forwarding. [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]. 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 profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. The transaction is currently expected to close during the third quarter of 2021, subject to satisfaction of customary closing conditions, including antitrust review in the United States and the United Kingdom. [14] Users can also follow other sellers, whose posts will appear in their feeds. 22. At Etsy, we promise to treat your data with respect and will not share your information with any third party. SourceForge ranks the best alternatives to Depop in 2022. Here in the United States, it doesn't. Take a picture of the item, describe it, set a price for it, and post. [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. Others were also unhappy with the customer service describing it as unresponsive. Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. Vinted also works as an intermediary between sellers and buyers, helping resolve issues. Depop's mission statement is "to change the way people buy, sell and think about fashion." Is Depop second hand? Y, 2019. An overwhelming 90 per cent of its active users are under the age of 25. Learn more about how Statista can support your business. Depop payments are transferred directly to your PayPal account, and no intermediary is involved in handling transactions. Phone: (718) 880-3660. p:718 880-3660. It has also only made headway in the Australia, Italy, the UK and US, with the last two countries responsible for about 70% of downloads in 2020 and 2021. 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. Some of the motivations for using Depop come as no surprise 75 per cent of those surveyed are looking to reduce clothing consumption. Depop is a website and mobile app available in over 150 countries with over 26 million active users. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. 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. Following the close of this transaction, Etsy Inc. will operate three highly differentiated, non-commoditized and loved ecommerce brands: Etsy, Reverb, and Depop. 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. Compare features, ratings, user reviews, pricing, and more from Depop competitors and alternatives in order to make an informed decision for your business. Depop has around 30 million users in over 150 countries, the majority of whom are young people. [15], Depop has garnered criticism from users and critics due to a number of its sellers buying clothes from thrift shops and reselling them for higher prices than they were purchased for. You then use this address for your deliveries, and theyll automatically forward them to your home country. To some degree, we have a closer relationship with Gen Z than almost any other institution in the world at scale, says Depop chief brand officer Peter Semple. When we do drops, its really hard to kind of nail down an aesthetic.. According to positive reviewers, Depop allowed them to start their small business. However, we have a pretty simple solution that gets around this restriction. Now imagine if someone came through and bought a pair of pants for $12 . Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. ", 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.". Please read rules before posting. Company summary. If you experience any issues with this process, please contact us for further assistance. Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Depop is the marketplace where you can explore your style. The app is also meant for buyers looking for items they can buy. The only thing that I would change are the "plus . The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. 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. Deb Wasser Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. To use individual functions (e.g., mark statistics as favourites, set As for Vinted, they have a buyer's protection feature. However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. With over 26m users in more than 150 countries, Depop is the place for anyone looking to celebrate style on their terms and keeping millions of items of clothing in rotation. Sell. The Depop plan sets out a series of targets to hit by the end of 2021. I agree to receive your newsletter. Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. As people are given access to so many different types of inspiration, whether its peer-to-peer or the mix of influence you can get from each type of influential figure, each individual is fluid in their style, their self-expression., Hadiyah Hussain communicates her South Asian culture through her brand on Depop, which features screen-printed pieces for all genders and sizes. Fluidity extends beyond gender identity. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Whatever you're into, find the item and the seller for you on Depop. Depop is a peer-to-peer social shopping app. Access to this and all other statistics on 80,000 topics from, Show sources information Test out different poses. This partly refers to self-identity. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Since Depop has attracted young people, you can expect a lot of clothing and other items to be approved by the millenials. As of today, Vinted is available in 15 countries. Platforms should cater for all levels of buyer and seller, says Depops Semple. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. Sellers can set up their Depop shop and quickly list . 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. It is largely targeted at Gen Z shoppers 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. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. Forward-looking statements include all statements that are not historical facts. And it doesn't look like there's a way to list items from a computer. Use Ask Statista Research Service. 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. Depop is a peer-to-peer social shopping app based in London that first launched in 2011. Depop Summary. 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. Those interested in submitting questions during the conference call can do so by using the Q&A chat window, which will be available during the webcast. [6] Most active users of Depop are located in the United Kingdom, Australia, United States and Italy. 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%. Unfortunately, Depop doesnt ship directly to Europe. [11][12], Depop is a social e-commerce platform where users can buy and resell their items. Sure, both platforms offer similar services, but their approach is different. 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. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. 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. [8][bettersourceneeded], In June 2019, Depop raised $62 million in Series C from General Atlantic to fund its expansion. . OLIO. 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. Prices for clothing range from $3-$15. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Essentially, youll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. Previous investors HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus Ventures, TempoCap and Sebastian Siemiatkowski also participated. You need at least a Starter Account to use this feature. 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. We disclaim any obligation to update forward-looking statements. 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. Does the Depop online store ship items overseas to Europe? 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 . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash. Accessed March 04, 2023. https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Airnow. 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. Once the package is received, the freight forwarder will ship the package directly to you in Europe. "Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions)." Alternatives to Depop. Depop boasts approximately 30 million registered users across 150 countries. You can also move the money to your bank account once its transferred to PayPal. Depop has evolved to become the community-powered fashion marketplace to buy and sell unique fashion, with approximately 30 million registered users in more than 150 countries. More so, what you earn on Swappa depends on the item you are selling and its condition. Decide your price. 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. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. ", 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. 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? In, Airnow. [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. The deal marks the biggest acquisition yet for Etsy, which went public on the New York Stock Exchange in 2015. One user even commented that they were able to receive payments fast. 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. This button displays the currently selected search type. You can change the interval in the system settings. It does come with fees and higher shipping costs. Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre.