Click here to view 60+ Websites to Sell Stuff. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. 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. Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. By Lisa Lacy. Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. 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. Decide your price. Following the close of this transaction, Etsy Inc. will operate three highly differentiated, non-commoditized and loved ecommerce brands: Etsy, Reverb, and Depop. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Bahrain. Sr. Director of Investor Relations, Patricia Cruz As of today, Vinted is available in 15 countries. Dont worry, youre not going to need to splash out on a property, there is a much cheaper solution. Its because theyre reliable, dont charge a bunch of taxes, and offer affordable rates. don't give up! Depop is not available in some countries from summer (I cant remember exact month when this happened). They will charge you extra to pay for the import taxes up front, but will just keep the money instead so you have to pay taxes x2 + handling fees when the package arrives in your country. Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. We disclaim any obligation to update forward-looking statements, except as required by law. 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 . Have to complete the purchase to update your shipping address - Depop Depop's 2020 gross. 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. The platform is very similar to other online marketplaces like eBay, Facebook Marketplace, Mercari, or Poshmark. It really makes us think about, how do we serve these journeys? <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. The brand registered unprecedented growth in May and July 2020, with. This button displays the currently selected search type. 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. <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. 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. "Australia is Depop's third largest market. 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 incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. Type Subsidiary . Depop is a peer-to-peer social shopping app based in London that first launched in 2011. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. It is one of the few success stories of the dot-com bubble, which . --Etsy, Inc., 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. $1 Billion made by the Depop community to date. Shop now Sell your way It was established in 2011 by Simon Bekerman and now has over 15 million . . Business Summary. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. A replay of the video webcast will be available through the same link following the conference call starting at 10:30 a.m. Eastern Time today for at least three months thereafter. You can also move the money to your bank account once its transferred to PayPal. While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. 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 Company's primary marketplace, Etsy . Forward-looking statements represent our beliefs and assumptions only as of the date hereof. 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. And forget all about contacting their support. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. 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. The website was launched in 2011 as a social network for PIG magazine readers wanting to buy featured items. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. These are called 'Shop Policies,' stating whether you accept returns as a seller. Y, 2019. 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. Get paid fast when your item sells. . A DJ performs at the launch of social shopping app Depop's 3-month pop-up at Selfridges on August 01, 2019 in London, England. Here are some vital facts and figures about how Depop works today. Prices for clothing range from $3-$15. SourceForge ranks the best alternatives to Depop in 2022. 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. Forward-looking statements include all statements that are not historical facts. 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. You can only download this statistic as a Premium user. [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. In interviews with nearly a dozen Depop users, BoF heard numerous reports of women being inundated with sexual messages. The first difference is the market available. 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 E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. All Rights Reserved. Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. If you experience any issues with this process, please contact us for further assistance. Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Please see our privacy policy for more information. Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. Alternatives to Depop. If you think about selling your old clothes online, two reselling apps immediately spring to mind - Vinted and Depop. 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. Poshmark is best known for women's fashion, trendy brands, and higher-end clothing and accessories. An overwhelming 90 per cent of its active users are under the age of 25. Dont expect easy answers. She has about 40,000 followers, and selling clothes online has become a full-time job for her. From an enthusiasm for secondhand clothes to a sincere embrace of cultural fluidity, Generation Z are radically different to older demographic groups, according to wide-ranging research on their behaviours by Depop, the resale platform. Depop proudly states that 90 percent of its active users are under 26. To receive the Vogue Business newsletter, sign up here. Algeria. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. Vinted is more transactional. Depop boasts approximately 30 million registered users across 150 countries. 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. Now imagine if someone came through and bought a pair of pants for $12 . 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. to incorporate the statistic into your presentation at any time. This press release (including statements quoted in this press release) contains forward-looking statements within the meaning of the federal securities laws. eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. How to sell. In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. Thrift stores, in the Poway area, are pretty cheap. Our company was founded in 2005 and is headquartered in Brooklyn, New York. Its a fairly common question we often see asked, and the answer isnt all that clear. That said, you can expect to ship your items at lower prices when using Vinted. It allows users to buy and sell items, most of which are used and vintage pieces of clothing. The deal marks the biggest acquisition yet for Etsy, which went public on the New York Stock Exchange in 2015. 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. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. Its important to have cultural fluidity, she says. We're a community that inspires and connects our users." 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. $5+ thereafter, Sell computers, home tech, cameras, phones, watches, laptops and tablets, Sell your item directly to buyer and get paid the next day via PayPal, 180+ million buyers, easy listings and sell directly from the smartphone, List up to 200 items for free every month, and only pay when they sell, Global brand trust and seller protections in place from buyers scams. Platforms should cater for all levels of buyer and seller, says Depops Semple. Whatever you're into, find the item and the seller for you on Depop. That way youll receive all of your items together instead of one at a time. Depop is a place for anyone to discover and . [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. Chart. Both apps also target slightly different audiences. While creating a Depop account, your phone number will be required. 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. The app is currently available only in European countries, but it's expected to soon be available in the US too. In addition, Etsy, Inc. owns Reverb, a leading global online marketplace dedicated to buying and selling new, used, and vintage musical instruments. Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. The only pricey item I've found is a pantsuit that cost around $20. Show publisher information 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. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Please do not hesitate to contact me. The default refresh interval is a random number between 1 and 3 seconds. 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 has around 30 million users in over 150 countries, the majority of whom are young people. 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. Sign up to our newsletter for a truly global perspective on the fashion industry. 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. "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. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. Use Ask Statista Research Service. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. Depop is headquartered in London, England and Los Angeles, California. Compare Depop alternatives for your business or organization using the curated list below. Today, Depop is a place where millions of users come to celebrate their style and discover culture. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. ETSY. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. 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. Send your buyer a message thanking them and letting them know when you plan to ship; Ship ASAP using tracked delivery. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Items are usually secondhand or homemade. Discover unique fashion. [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. Users can buy and sell clothing, accessories, and beauty products. You then use this address for your deliveries, and theyll automatically forward them to your home country. This partly refers to self-identity. 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. Popular sellers on the platform often go on to become social media influencers. Discover independent brands making waves and the creators behind them. 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. Investor Relations Manager, Advances leadership in community-driven and differentiated marketplaces, Etsy to acquire global fashion resale marketplace Depop. Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor. Decluttr is an online app that allows you to sell your used media. I think for my generation it comes quite naturally Theres a lot more respect and open conversation., For Gen Z, the inspiration journey is never linear, Semple says. A Division of NBCUniversal. 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. ", 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. In, Airnow. trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. Since Depop has attracted young people, you can expect a lot of clothing and other items to be approved by the millenials. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. ", 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. 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. Describe what you're selling. 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. Deb Wasser While no seller likes to pay fees, they are integral to online selling. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. [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]. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. Statista. Here in the United States, it doesn't. By providing your email address below, you are providing consent to Etsy to send you the requested Investor Email Alert updates. 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. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. June 2, 2021. Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. 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. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. It's easy to get started - just create an account to 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. Currently, you are using a shared account. 26M+ registered users over 150 countries. [14] Users can also follow other sellers, whose posts will appear in their feeds. From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. r/Depop omfgf i thought this girl had her boob out in the 1st pic and ive been debating whether or not to tell her for like an hour (in case it was an accident) and just realised it was her ELBOW Get full access to all features within our Business Solutions. 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). [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. Poshmark is currently only available in the United States, Canada, Australia, India, and the United Kingdom. In light of such risks, readers are cautioned not to place undue reliance on such forward-looking statements. Depop does not offer other ways to make money apart from selling items such as clothes, shoes, and other items. 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. month delayed activation bt sport, semi monocoque disadvantage,