Does the Depop online store ship items overseas to Europe? View original content:http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. As of today, Vinted is available in 15 countries. "Monthly Active Users (Mau) of The Depop App in The United Kingdom (Uk) from January 2018 to October 2021 (in Millions). Sellers and users weigh in on the debate", "Everyone's Favorite Thrifting App Favors Thin White Models", https://en.wikipedia.org/w/index.php?title=Depop&oldid=1141140101, Online marketplaces of the United Kingdom, Articles lacking reliable references from September 2021, Articles with unsourced statements from August 2022, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 23 February 2023, at 15:28. 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. Press question mark to learn the rest of the keyboard shortcuts. That way youll receive all of your items together instead of one at a time. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. The app has over 10 million users and is available in over 100 countries. 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 [14] Users can also follow other sellers, whose posts will appear in their feeds. Data is a real-time snapshot *Data is delayed at least 15 minutes. [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. An overwhelming 90 per cent of its active users are under the age of 25. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. Phone: (718) 880-3660. p:718 880-3660. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Depop - buy, sell, discover unique fashion Log in Menswear Womenswear Jewellery Beauty More Brands Top searches Find your style Shop the biggest brands you know and love. Depop is a reliable website that allows you to buy and sell items. Have to complete the purchase to update your shipping address - Depop Like Depop, Decluttr is free to download and use. This partly refers to self-identity. 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. Available on Android and iOS (free) Another great app for the starving student! Get Potential buyers to make bids for the item and agree on the final price. 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. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. 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. my buyer. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. Algeria. Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. <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. Forward-looking statements include all statements that are not historical facts. Dont worry, youre not going to need to splash out on a property, there is a much cheaper solution. You can unsubscribe anytime. Discover independent brands making waves and the creators behind them. Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. 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. You must click the activation link in order to complete your subscription. Decluttr is an online app that allows you to sell your used media. 16.6M+ items are available for sale on Depop. The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre. Sr. Director of Investor Relations, Patricia Cruz We disclaim any obligation to update forward-looking statements, except as required by law. 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? Place your item in a box or shipping envelope, available at office supply stores or the post office. Comments, questions or feedback? The only pricey item I've found is a pantsuit that cost around $20. Subscribe to receive weekly Side Hustle recommendations. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. Depop also requires sellers to make their offers look more professional, which is why it's better suited for small businesses. The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. 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. A copy of the presentation that will be covered on the conference call will also be posted to our website. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Prices for clothing range from $3-$15. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. don't give up! 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. Moreover, we operate in a very competitive and rapidly changing environment. OpenAI explain why some countries are excluded from ChatGPT Download PDF. Disclosure. Depop and Paypal have been accused of collectively deceiving users into using their preferred private shipping partner, Evri, previously known as Hermes, a courier firm marred by allegations that its drivers mishandle parcels. 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. Its not so long ago that many people wouldnt have thought of themselves as potential resellers, he says. Resale has emerged as a popular side-hustle; Depop and social media allow Gen Z to cultivate their businesses in a non-traditional and deeply personal way. Its a fairly common question we often see asked, and the answer isnt all that clear. The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. Register in seconds and access exclusive features. 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. Ticker: ETSY. It must've been cuz I mentioned the BBB. Depop is a website and mobile app available in over 150 countries with over 26 million active users. - 30M+ registered users in over 150 countries - 32M+ items are available for sale on Depop - $1 Billion made by the Depop community to date How to join 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]. Both apps also make it very easy to post your items. [11][12], Depop is a social e-commerce platform where users can buy and resell their items. It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. 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. 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. 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). As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. Swappa is a peer-to-peer marketplace that allows you to sell and buy used electronics. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. Take up to four photos. In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. 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. [16] Celebrities have resold their own items on Depop, with some donating proceeds to charitable causes. Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. How to sell. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. We're excited to build a 'house of brands' where the whole is greater than the sum of its parts.". Vinted is more transactional. Forward-looking statements include all statements that are not historical fact. 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. [4] Its headquarters were moved to London in 2012. 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. I always say we owe ourselves authenticity. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. To answer that, we must take a closer look at the two. It's a bit more buyer-friendly, encouraging users to make quick transactions and enabling them that by intuitive and straightforward service. Sell. 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 company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through its online marketplace. We want to hear from you. Sure, both platforms offer similar services, but their approach is different. Bank of America reveals the winning market share gainers with more room to run, Goldman Sachs upgrades this internet of things stock which it sees surging 60%, JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. Please read the full Terms of use and Privacy Policy. With roughly 30 million registered users across nearly 150 countries,. The benefit of this service is you can order from anywhere in the United States and get your items shipped to Europe. In November 2019, Business of Fashion reported that users within the Depop app were receiving sexually suggestive messages.[23]. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. <br><br>I have demonstrated skills and experience in public relations, fashion marketing, and fashion communications. 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. Do NOT buy from GB via Depop if you live in the EU. The app is currently available only in European countries, but it's expected to soon be available in the US too. 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. June 2, 2021. Users can pay for items using PayPal. 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. If you experience any issues with this process, please contact us for further assistance. More so, what you earn on Swappa depends on the item you are selling and its condition. Type Subsidiary . MyUS is one of the best freight forwarders available and its our favorite. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. Sign up to our newsletter for a truly global perspective on the fashion industry. Depop payments are transferred directly to your PayPal account, and no intermediary is involved in handling transactions. In light of such risks, readers are cautioned not to place undue reliance on such forward-looking statements. In, Airnow. Unfortunately, yes. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. Investor Relations Contact: Etsy, Deb Wasser, Vice President, Investor Relations and ESG Engagement: dwasser@etsy.comor Etsy, Gabe Ratcliff, Director, Investor Relations: gratcliff@etsy.com, Media Relations Contact:Etsy, Kelly Clausen, Senior Director, Corporate Communications: press@etsy.com, Cautionary Statement Regarding Forward-Looking Statements. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. Depop is a place for anyone to discover and celebrate their style on their own terms, and to feel good about their fashion choices by extending the lives of millions of garments.<br>The company was founded . Depop is a place for anyone to discover and . The app is also meant for buyers looking for items they can buy. [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. Previous investors HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus Ventures, TempoCap and Sebastian Siemiatkowski also participated. It is largely targeted at Gen Z shoppers Depop is headquartered in London, England and Los Angeles, California. Company summary. The number of app users in the United Kingdom went from. Poshmark is currently only available in the United States, Canada, Australia, India, and the United Kingdom. With over 26 million 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. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. Show publisher information Use Ask Statista Research Service. 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 . To receive packages from the United States, youre going to need to have an address based there. Therefore, Vinted might be a better choice for a casual seller interested in making some extra money. A lot of people in my generation have that set-up income from a few little baskets, he says. If y'all remember I posted how I got banned for hashtags that were FINE. 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. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. As of March 31, 2021, Etsy had approximately $2.0 billion in total liquidity consisting of $1.8B in cash, cash equivalents and short and long term investments on its balance sheet and an undrawn $200 million revolving credit facility. 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.". Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. Sign up for free newsletters and get more CNBC delivered to your inbox. Compare Depop alternatives for your business or organization using the curated list below. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. Get the item and o rate your experience with the seller. 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. Popular sellers on the platform often go on to become social media influencers. The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). The network currently has more than 15 million users in 147 countries, skewed heavily towards those aged under 26, with plans to expand across Europe and Asia. Poshmark is available in the U.S., Canada, India, and Australia, but at this time Poshers cannot buy or sell outside of their country. 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. 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. (November 8, 2021). Etsy expects to share more information in conjunction with its second quarter 2021 financial results. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. --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. One user even commented that they were able to receive payments fast. However, we have a pretty simple solution that gets around this restriction. 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. Depop is a reliable website that allows you to buy and sell items. Depop is not available in some countries from summer (I cant remember exact month when this happened). You need at least a Starter Account to use this feature. The freight forwarder accepts the package on your behalf. 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. In other words, Depop is basically Instagram, but with more transparency about the fact that it's selling you stuff. Now, were assuming that you neither own a house there or do you have relatives living there, so how is this even possible? To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. By providing your email address below, you are providing consent to Etsy to send you the requested Investor Email Alert updates. 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. It's also recommended to refresh and bump your listings for them to stay at the top of the search. Learn more about how Statista can support your business. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. Please do not hesitate to contact me. But their interest in secondhand clothes also has significance beyond save-the-planet instincts. Etsy expects to finalize the deal by the third quarter of 2021. While creating a Depop account, your phone number will be required. Press J to jump to the feed. 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 reports having over 30 million registered users in over 150 countries. To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. 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. 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. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. . Depop | Buy & Sell Clothing on the App Store This app is available only on the App Store for iPhone. Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph]. Depop is powered by young influencers like 20-year-old Moira Campos who is one of Depop's top sellers. It caters to a variety of different fashion pieces such as designer, vintage, and streetwear. The platform is very similar to other online marketplaces like eBay, Facebook Marketplace, Mercari, or Poshmark. If you are an admin, please authenticate by logging in again. As a Premium user you get access to the detailed source references and background information about this statistic. 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. . Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. The Company's primary marketplace, Etsy . 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?. "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," Silverman said in a statement Wednesday.
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