what countries is depop available in
Like Depop, Decluttr is free to download and use. She has about 40,000 followers, and selling clothes online has become a full-time job for her. Please see our privacy policy for more information. [10] In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash, making it Etsy's most expensive acquisition, but that Depop would continue operate as a standalone brand independent from Etsy. With 4 million active buyers and 2 million . 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. Etsy CEO on how $1.6 billion deal for Depop could help the company grow. Depop reports having over 30 million registered users in over 150 countries. 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. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. Listings also aren't required to look overly professional, which makes the Vinted app better suited for casual sellers who want to clear their inventory. 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. 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. You need at least a Starter Account to use this feature. 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. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. While some users complained of poor customer service, Depop can help you make extra money online. 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. [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. Subscribe to receive weekly Side Hustle recommendations. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. 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 . 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 promises not to share your details with third parties. Prior to agreeing a sale to Etsy, Depop had raised a total of $105.6 million from investors including General Atlantic, Creandum, Balderton Capital, Octopus Ventures and Klarna CEO and co-founder Sebastian Siemiatkowski, according to data from Crunchbase. Depop is a peer-to-peer social shopping app based in London that first launched in 2011. More so, what you earn on Swappa depends on the item you are selling and its condition. [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. 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. Tom Evans says Depop has become his primary source of income. 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. Thrift stores, in the Poway area, are pretty cheap. 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. Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. OLIO. 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. Depop also requires sellers to make their offers look more professional, which is why it's better suited for small businesses. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. Generation Z, which spans consumers aged 7 to 25, will make up 40 per cent of the luxury market by 2035, according to consultancy Bain & Company, which has collaborated with Depop on the report. In light of such risks, readers are cautioned not to place undue reliance on such forward-looking statements. Place your item in a box or shipping envelope, available at office supply stores or the post office. 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. 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. This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. Get this delivered to your inbox, and more info about our products and services. You then use this address for your deliveries, and theyll automatically forward them to your home country. Depop is a social shopping app that has been described as a mix of eBay and Instagram. Whether they find something online and then go to an in-store event, Gen Z want complete fluidity between the physical and digital world of brands, even if they interact with the brand through a third-party retailer, says Bains Federica Levato. $1 Billion made by the Depop community to date. Sr. Director of Investor Relations, Patricia Cruz While creating a Depop account, your phone number will be required. You can only download this statistic as a Premium user. 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. It was established in 2011 by Simon Bekerman and now has over 15 million . 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. This is a fluid generation defying categorisation in every sense, Levato says. 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. 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. 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. 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. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. You can unsubscribe anytime. Essentially, you'll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. November 8, 2021. Comments, questions or feedback? In addition, Etsy, Inc. owns Reverb, a leading global online marketplace dedicated to buying and selling new, used, and vintage musical instruments. Phone: (718) 880-3660. p:718 880-3660. Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph]. Please do not hesitate to contact me. Why do we think MyUS is the best? Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. With a background in economics and now e-business, she has joined Dollarbreak to share her experience, to help individuals make sound financial decisions revolving around budgeting, spending, money making and investing. Retailers and brands might consider how they can inspire Gen Z to be entrepreneurs. Vinted and Depop have different payment policies. Once the package is received, the freight forwarder will ship the package directly to you in Europe. On paper, Depop and Vinted offer the exact same services, connecting second-hand clothing sellers with buyers. [5] Depop expanded and opened additional offices in Milan and New York City. 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. Do NOT buy from GB via Depop if you live in the EU. Available on Android and iOS (free) Another great app for the starving student! Depop users who opt for using Royal Mail are penalised by being forced to pay Depop sales fees out of pocket and wait up to one month to receive their earnings. The user base on Depop is also younger than on Vinted, which, in exchange, has a more international user base. This partly refers to self-identity. The marketplaces will operate independently, while benefiting from shared expertise in areas such as product, marketing, technology, and customer support. All Rights Reserved. Forward-looking statements represent our beliefs and assumptions only as of the date hereof. A Division of NBCUniversal. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. 16.6M+ items are available for sale on Depop. Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. Countries. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Depop Summary. You must click the activation link in order to complete your subscription. It's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Algeria. Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. Only limited information is available about the algorithms and modelling behind ChatGPT, which makes it difficult . 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. This transaction is an ideal fit with Etsy's marketplace M&A criteria: Aligns with Etsy mission, strategy and values: Depop shares Etsy's DNA, with a parallel growth strategy that highlights sellers' unique merchandise by improving search and discovery, driving human connections, and building marketplace trust. SourceForge ranks the best alternatives to Depop in 2022. [6] Beckerman raised 1 million in funding in October 2013 from Red Circle Investment and brought on Faroese Runar Reistrup as new CEO. The first difference is the market available. , Aug 2, 2022 London-based social shopping platform app Depop was highly benefited by the e-commerce boom during the COVID-19 pandemic. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. "Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions)." Get Potential buyers to make bids for the item and agree on the final price. It does come with fees and higher shipping costs. Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. 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. You need a Statista Account for unlimited access. Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. 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. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. <br><br>I have demonstrated skills and experience in public relations, fashion marketing, and fashion communications. [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. 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. 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. Depop was established as a social network for readers of PIG magazine back in 2011 by magazine founder - and head of sunglasses brand Retrosuperfuture - Simon Bekerman. 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. How do you do the magic of taking people on the algorithmically understood journey of things they might be looking for, but then continually inject inspiration and surprise?. And forget all about contacting their support. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. Does the Depop online store ship items overseas to Europe? Forward-looking statements include all statements that are not historical facts. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. Sign up to our newsletter for a truly global perspective on the fashion industry. The company will send a six-digit code that you can use to verify your account. Airnow. To receive packages from the United States, youre going to need to have an address based there. Sky warns: "Don't let your photo be more distracting than the product you're selling.". That presents a challenge for Depop. In interviews with nearly a dozen Depop users, BoF heard numerous reports of women being inundated with sexual messages. Sellers can set up their Depop shop and quickly list . Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. ", 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. 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.". A copy of the presentation that will be covered on the conference call will also be posted to our website. 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. Decide your price. [11][12], Depop is a social e-commerce platform where users can buy and resell their items. Depop has around 30 million users in over 150 countries, the majority of whom are young people. There are no boundaries anymore between commerce and connections, consumption and production, and even entertainment and entrepreneurship, says Federica Levato, a partner at Bain, who worked on the report. Forward-looking statements include statements relating to our financial guidance for the first quarter of 2023 and key factors impacting our guidance; the impact of our Right to Win and other growth strategies, including our strategies for integrating our House of Brands marketplaces, marketing and product initiatives, and investments and other levers of growth on our business and operating results, including future gross merchandise sales (GMS) and revenue growth; our ability to attract, engage, and retain buyers and sellers; the global macroeconomic uncertainty and volatility, including inflation and rising interest rates; the status and impact of the macroeconomic headwinds and tailwinds, including additional or unforeseen impacts that COVID-19 and general market, political, economic, and business conditions may have on our business, strategy, operating results, key metrics, financial condition, profitability, and cash flows; our opportunity to reach new buyers; and uncertainty regarding and changes in overall levels of consumer spending and e-commerce generally. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. It really makes us think about, how do we serve these journeys? 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. It allows users to buy and sell items, most of which are used . Swappa also focuses on used electronics compared to Depop, which deals in clothing, shoes, and other streetwear. We're excited to build a 'house of brands' where the whole is greater than the sum of its parts.". Shop now Sell your way eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. 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). Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. It's also recommended to refresh and bump your listings for them to stay at the top of the search. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. Depop's 2020 gross. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through. Goldman Sachs & Co. LLC served as exclusive financial advisor to Etsy, Deloitte as due diligence advisors, and Fenwick & West LLP and Allen & Overy LLP served as Etsy's legal advisors. [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. Access to this and all other statistics on 80,000 topics from, Show sources information ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. How to sell. 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. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. [Online]. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. Depop is powered by a team of around 400 people, dedicated to our mission of fashion for a better future. 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. 147. 26M+ registered users over 150 countries. Whatever you're into, find the item and the seller for you on Depop. Depop is a website and mobile app available in over 150 countries with over 26 million active users. But why Depop? It caters to a variety of different fashion pieces such as designer, vintage, and streetwear. 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. Etsy CEO Josh Silverman called the start-up the"resale home for Gen Z consumers.
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