Compare features, ratings, user reviews, pricing, and more from Depop competitors and alternatives in order to make an informed decision for your business. Have to complete the purchase to update your shipping address - Depop 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. 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. The number of app users in the United Kingdom went from. Best Depop Alternatives & Competitors - SourceForge The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. There are plenty of resources available to help you cleared up any questions you may have. What Is Depop? The Clothing Resale App That Gen-Zers Are Using - CNBC Vinted is more transactional. Community Affiliates Manager, Depop Socialfixt For Gen Z, the trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. The company was founded in 2011 and is headquartered in London . The 35 Best Student Apps You Shouldn't Live Without - CareerAddict The platform is very similar to other online marketplaces like eBay, Facebook Marketplace, Mercari, or Poshmark. Take up to four photos. ", 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. Depop is a peer-to-peer social shopping app. eBay Revenue and Usage Statistics (2023) - Business of Apps Once the package is received, the freight forwarder will ship the package directly to you in Europe. A lot of that comes with fluidity and merging the lines of gender that we knew in fashion traditionally., Toms customers are tough to define or categorise. It is one of the few success stories of the dot-com bubble, which . In, Airnow. The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). New risks emerge from time to time. Depop is expected to be accretive to Etsy's top line growth rate and modestly dilutive to Etsy's adjusted EBITDA margin. Unlike Depop sellers, Vinted sellers don't pay any fees. Take a picture of the item, describe it, set a price for it, and post. [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. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. June 2, 2021. Depop proudly states that 90 percent of its active users are under 26. These businesses all share similar levers of growth to unlock value, including improving search and discovery, building human connections, and making selling and buying easier. 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. Make sure your clothing is the focal point of the picture by keeping the . OpenAI explain why some countries are excluded from - nature.com <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. 147. Depop, on the other hand, is a better choice for a small business. Depop Revenue and Usage Statistics (2023) - Business of Apps [Online]. 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 For sellers, we offer a range of tools and services that address key business needs. 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's beginnings were also relatively humble. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. The marketplaces will operate independently, while benefiting from shared expertise in areas such as product, marketing, technology, and customer support. LocationsView all. Please see our privacy policy for more information. r/Depop - What countries outside UK is Depop popular in? How is it 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. . 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. I'm trying to figure out an alternative atm 10 Moreover, we operate in a very competitive and rapidly changing environment. This extends to how these generations view life and society, but also fashion. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. But their interest in secondhand clothes also has significance beyond save-the-planet instincts. [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. [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. Ebay has a working international search so sellers aren't forced to do it, on depop you have to change your location manually to see listings from other countries. Depop - buy, sell, discover unique fashion 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. An overwhelming 90 per cent of its active users are under the age of 25. Following the close of this transaction, Etsy Inc. will operate three highly differentiated, non-commoditized and loved ecommerce brands: Etsy, Reverb, and Depop. This partly refers to self-identity. Email us at feedback@voguebusiness.com. If you are an admin, please authenticate by logging in again. However, we have a pretty simple solution that gets around this restriction. You need a Statista Account for unlimited access. [3] Paolo Barberis and Nana Bianca were two of the first investors in the platform in 2012 with a seed investment. It does come with fees and higher shipping costs. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. However, we have a pretty simple solution that gets around this restriction. It's also recommended to refresh and bump your listings for them to stay at the top of the search. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. Its marketplace connects over 21 million users, selling, buying, and exchanging second-hand clothes and accessories. A sub for discussing all things Depop. Then you can access your favorite statistics via the star in the header. What countries do you ship to? - thredUP E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. Disclosure. Forward-looking statements represent our beliefs and assumptions only as of the date hereof. When we do drops, its really hard to kind of nail down an aesthetic.. Subscribe to receive weekly Side Hustle recommendations. 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. You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. How to sell on Depop according to some successful sellers - RUSSH 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. Create an account to follow your favorite communities and start taking part in conversations. 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. [16] Celebrities have resold their own items on Depop, with some donating proceeds to charitable causes. With roughly 30 million registered users across nearly 150 countries,. $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. That way youll receive all of your items together instead of one at a time. Users can pay for items using PayPal. Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. What Is Depop? All Your Online Thrifting QuestionsAnswered To answer that, we must take a closer look at the two. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. Etsy to acquire global fashion resale marketplace Depop Here in the United States, it doesn't. 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. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. Etsy to acquire global fashion resale marketplace Depop 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. 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. Sr. Director of Investor Relations, Patricia Cruz
Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. It's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. Profit from the additional features of your individual account. If you have several packages, MyUS can bundle the packages into one order. Depop | LinkedIn Essentially, the more you engage, be it by liking items, listing products, following other users, etc., the more sales you're likely to generate. The user base on Depop is also younger than on Vinted, which, in exchange, has a more international user base. Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre. 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. [11][12], Depop is a social e-commerce platform where users can buy and resell their items. ". Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph]. 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. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. Depop | Buy & Sell Clothing on the App Store Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. 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. Phones,laptops,wearables,Tablets,video games, Electronic, fashion,health, and beauty products, No limit to the type of products you can sell. 26M+ registered users over 150 countries. Main Menu - packlink.com 90% of Depop's active users are under the age of 26.Depop. 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. Shares our two-sided marketplace business model: Depop is a peer-to-peer marketplace with similar capital-light operating model and financial characteristics. 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. Here are some vital facts and figures about how Depop works today. If y'all remember I posted how I got banned for hashtags that were FINE. Unfortunately, Depop doesnt ship directly to Europe. (November 8, 2021). She has about 40,000 followers, and selling clothes online has become a full-time job for her. Depop. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. Etsy has sufficient available liquidity to fund the acquisition. It allows users to buy and sell items, most of which are used . The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. 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. You can also move the money to your bank account once its transferred to PayPal. 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. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. On this Wikipedia the language links are at the top of the page across from the article title. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash. Etsy's mission is to keep commerce human, and we're committed to using the power of business to strengthen communities and empower people. Forward-looking statements include all statements that are not historical facts. Europe Secondhand E-Commerce Market Report 2021 with Poshmark is best known for women's fashion, trendy brands, and higher-end clothing and accessories. Place your item in a box or shipping envelope, available at office supply stores or the post office. The app is also meant for buyers looking for items they can buy. While creating a Depop account, your phone number will be required. Fluidity extends beyond gender identity. 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. The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. Register in seconds and access exclusive features. Prices for clothing range from $3-$15. To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. [14] Users can also follow other sellers, whose posts will appear in their feeds. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. Available everywhere. "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. 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. 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%. The Company's primary marketplace, Etsy . November 8, 2021. It allows users to buy and sell items, most of which are used and vintage pieces of clothing. Shipping guide - Worldwide - Depop help GB 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 . Send your buyer a message thanking them and letting them know when you plan to ship; Ship ASAP using tracked delivery. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. The only pricey item I've found is a pantsuit that cost around $20. As in most cases, it depends. 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. 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. While some users complained of poor customer service, Depop can help you make extra money online. What are the Other Ways to Make Money on Depop? Ship. On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. 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. To contact Depop customer service, go to the help desk page, enter your details and submit. I always say we owe ourselves authenticity. Does the Depop online store ship items overseas to Europe? I agree to receive your newsletter. While no seller likes to pay fees, they are integral to online selling. At Etsy, we promise to treat your data with respect and will not share your information with any third party. Please do not hesitate to contact me. Alternatives to Depop. Dont expect easy answers. 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. Depop's 2020 gross. From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. Today, Depop is a place where millions of users come to celebrate their style and discover culture. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. Poshmark is available in the U.S., Canada, India, and Australia, but at this time Poshers cannot buy or sell outside of their country. Vinted also works as an intermediary between sellers and buyers, helping resolve issues. 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. 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?. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. 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. "Australia is Depop's third largest market. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. As a Premium user you get access to background information and details about the release of this statistic. Is Depop popular in Romania and Eastern European countries - reddit eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. A 2020 Hulu study found 75 per cent of Gen Z respondents rejected easy categorisation of their race, gender or sexuality, while 60 per cent felt their identity was linked to a broad mix of factors, including race, culture and language. As Depop, which has 219 employees, struggles to police millions of users across multiple continents, the start-up is reckoning with dangers facing its young users that have plagued the internet since the early 1990s. 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. Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. Show publisher information [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles.