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You can also save money on shipping by using Packlink to compare couriers and find the most cost-efficient solution. We want to hear from you. 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. Take up to four photos. Countries. What are the Other Ways to Make Money on Depop? The company was founded in 2011 and is headquartered in London . 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. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. Gen Z fluidity extends to the mix of digital and physical experiences, with physical still considered very important even for a generation of digital natives. The first difference is the market available. [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. The company will send a six-digit code that you can use to verify your account. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. However, these can be dealt with by using Packlink to find the cheapest parcel delivery service. Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph]. Depop reports having over 30 million registered users in over 150 countries. 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. Depop payments are transferred directly to your PayPal account, and no intermediary is involved in handling transactions. A sub for discussing all things Depop. In November 2019, Business of Fashion reported that users within the Depop app were receiving sexually suggestive messages.[23]. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. It's a bit more buyer-friendly, encouraging users to make quick transactions and enabling them that by intuitive and straightforward service. Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. The default refresh interval is a random number between 1 and 3 seconds. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Available on Android and iOS (free) Another great app for the starving student! 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. to incorporate the statistic into your presentation at any time. We disclaim any obligation to update forward-looking statements. Retailers and brands might consider how they can inspire Gen Z to be entrepreneurs. 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. 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. Please read rules before posting. Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. This means that you will need a U.S., Canada, Australia, India, or UK billing and shipping address, as well as a U.S., Canada, Australia, India, or UK internet provider (IP) address. By Lisa Lacy. If you are an admin, please authenticate by logging in again. Poshmark is currently only available in the United States, Canada, Australia, India, and the United Kingdom. I always say we owe ourselves authenticity. 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. Its not so long ago that many people wouldnt have thought of themselves as potential resellers, he says. "Australia is Depop's third largest market. It's also recommended to refresh and bump your listings for them to stay at the top of the search. The number of app users in the United Kingdom went from. 147. 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'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. Its a fairly common question we often see asked, and the answer isnt all that clear. 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. Like Depop, Decluttr is free to download and use. Etsy CEO on how $1.6 billion deal for Depop could help the company grow. Comments, questions or feedback? Sign up for free newsletters and get more CNBC delivered to your inbox. This partly refers to self-identity. Chart. 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. [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash. . Subscribe to receive weekly Side Hustle recommendations. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. But let's talk about differences. Got a confidential news tip? Please create an employee account to be able to mark statistics as favorites. Ship. 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. 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). Depop is a reliable website that allows you to buy and sell items. The transaction is currently expected to close during the third quarter of 2021, subject to satisfaction of customary closing conditions, including antitrust review in the United States and the United Kingdom. You can sign up for additional alert options at any time. The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. ", 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. Ticker: ETSY. Its because theyre reliable, dont charge a bunch of taxes, and offer affordable rates. Unfortunately, Depop doesn't ship directly to Europe. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. About Depop Our leadership Facts and figures. Essentially, the more you engage, be it by liking items, listing products, following other users, etc., the more sales you're likely to generate. 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. For Semple, physical events remain hugely relevant. It was established in 2011 by Simon Bekerman and now has over 15 million . 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. 6) The app must also have an express courier function, home collection/delivery, users can do everything without leaving home. 26M+ registered users over 150 countries. But why Depop? Sure, both platforms offer similar services, but their approach is different. It's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. The app is currently available only in European countries, but it's expected to soon be available in the US too. Depop is a legitimate app that lets sellers sell items and buyers buy items; hence not a scam. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. How do we make sure we have the right tools for you if you want to effectively be a casual seller (of which there are many more than there were one year ago). Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. 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. Therefore, Vinted might be a better choice for a casual seller interested in making some extra money. As of today, Vinted is available in 15 countries. In, Airnow. 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. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. An overwhelming 90 per cent of its active users are under the age of 25. (November 8, 2021). Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. GET SERVICE INSTANTLY . trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. You can unsubscribe anytime. 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. As for Vinted, they have a buyer's protection feature. 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. Disclosure. 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. Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre. You can change the interval in the system settings. The marketplaces will operate independently, while benefiting from shared expertise in areas such as product, marketing, technology, and customer support. The benefit of this service is you can order from anywhere in the United States and get your items shipped to Europe. As for withdrawal methods, eBay offers PayPal and direct deposit compared to Depop, which has PayPal.While Depop is filled with people selling Y2K and vintage items, eBay is better for items that are rare or hard to find. Get paid fast when your item sells. Depop should know. . Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. Available: https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021, Available to download in PNG, PDF, XLS format, E-commerce revenue worldwide 2017-2027, by segment, Global fashion e-commerce market size 2021-2025, Worldwide online fashion retail revenue 2021-2025, by segment, Online fashion retail revenue change worldwide 2019-2025, by segment, Fashion e-commerce users worldwide 2021-2025, by segment, Online fashion retail revenue worldwide 2019-2025, by region, Online fashion retail revenue worldwide 2022, by country, Fashion e-commerce revenue in Asia 2021-2025, Fashion e-commerce revenue in North America 2021-2025, Fashion e-commerce revenue in Europe 2021-2025, Fashion retail sales channel share worldwide 2022, by region, Fashion: top 5 online stores worldwide in 2021, by net sales, CAGR of leading fashion e-commerce companies worldwide 2020-2022, nike.com: E-Commerce net sales from 2014 to 2022, zara.com: E-Commerce net sales from 2014 to 2022, asos.com: E-Commerce net sales from 2014 to 2022, zalando.de: E-Commerce net sales from 2014 to 2022, Leading fashion and apparel websites worldwide 2022, based on visit share, International site traffic on top fashion websites in select countries worldwide 2021, Increase of site traffic on top fashion websites in select countries 2021, Global online fashion shopping cart abandonment rate 2021, by type, EU consumers who use mobile apps for online shopping purposes 2021, E-commerce penetration rate among active Gen Z users China in 2020, by platform, Global consumers reasons for not liking online shopping 2021, Fashion purchases of consumers in 2020 and 2023, by channel, Usage of online reviews to help with fashion purchases 2021, by country, Share of shoppers buying clothes online after store visit in Europe 2021, by country, Monthly active users of VSCO in the UK 2017-2020, Monthly active users of Reddit in the UK 2017-2020, Location of purchase of second-hand shoes/footwear in the UK 2019, Facebook Messenger: number of monthly active users 2014-2017, Types of clothing items purchased second-hand in the UK 2019, Share of MAU on the smartphone and tablet market in Japan 2018, by brand, Forecast of the smartphone user penetration rate in Estonia 2015-2022, Forecast of smartphone user numbers in Slovenia 2015-2022, Forecast of smartphone user numbers in Denmark 2018-2025, Growth in the fashion market value in Russia 2012-2017, Forecast of the smartphone user penetration rate in Switzerland 2018-2024, Forecast of the smartphone user penetration rate in Lithuania 2015-2022, Forecast of the smartphone user penetration rate in the Czech Republic 2015-2022, Forecast of smartphone user numbers in Slovakia 2015-2022, Forecast of smartphone user numbers in the Czech Republic 2015-2022, Woven fashion import volume to Japan 2015-2020, Share of fashion import volume to Japan 2021, by region, Depop app downloads per month worldwide 2020-2022, Knitted fashion import volume to Japan 2015-2021, Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions), Find your information in our database containing over 20,000 reports. A Division of NBCUniversal. You can also move the money to your bank account once its transferred to PayPal. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. New risks emerge from time to time. BROOKLYN, N.Y., June 2, 2021 /PRNewswire/ --Etsy, Inc. (NASDAQ: ETSY), 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 Depop, a privately-held, community-led, and purpose-driven marketplace for unique fashion for $1.625 billion consisting primarily of cash, subject to certain adjustments for Depop's working capital, transaction expenses, cash and indebtedness, and certain deferred and unvested equity for Depop management and employees. If you look around online, youll find a bunch of companies in the U.S. offering physical United States addresses to customers located overseas. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. It must've been cuz I mentioned the BBB. Click here to view 60+ Websites to Sell Stuff. Like Depop, eBay charges a commission of 10% on all the items sold. Then I sent them this. While some users complained of poor customer service, Depop can help you make extra money online. [12] It is the 10th most-visited shopping platform for Gen Z consumers in the US,[18] and, in a poll conducted by The Strategist in 2019, Depop was voted by teenagers as their favorite resale website. Airnow. Discover unique fashion. Shop now Sell your way In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. [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]. This type of service is called Freight Forwarding. Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. If y'all remember I posted how I got banned for hashtags that were FINE. ", 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. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. 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. We estimate that one in four 15-24-year old's in Australia are on Depop," says Aria Wigneswaran, Country Manager Australia, Depop.. 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. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. Vinted also works as an intermediary between sellers and buyers, helping resolve issues. [16] Celebrities have resold their own items on Depop, with some donating proceeds to charitable causes. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. 2023 CNBC LLC. Here in the United States, it doesn't. Items are usually secondhand or homemade. Accessed March 04, 2023. https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Airnow. Learn more about how Statista can support your business. Phone: (718) 880-3660. p:718 880-3660. Available everywhere. [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. Do NOT buy from GB via Depop if you live in the EU. As soon as this statistic is updated, you will immediately be notified via e-mail. In an age of financial uncertainty, young people are taking finances into their own hands. The only pricey item I've found is a pantsuit that cost around $20. The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay. On this Wikipedia the language links are at the top of the page across from the article title. Type Subsidiary . Both apps also make it very easy to post your items. This press release (including statements quoted in this press release) contains forward-looking statements within the meaning of the federal securities laws. 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. Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. The Depop plan sets out a series of targets to hit by the end of 2021. The vintage items are also great since fashion often brings back past trends from time to time. Today, Depop is a place where millions of users come to celebrate their style and discover culture. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. ", Rachel Glaser, Etsy's CFO, commented, "We've admired Depop for a while, and are excited to have now reached an agreement to purchase this fantastic business - a company we believe is still in the early innings of its growth opportunity. You have successfully joined our subscriber list. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. Depop is designed for sellers who want to sell items such as clothing, shoes, clothes, vintage clothes and items, and cheap streetwear. 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. That presents a challenge for Depop. There are plenty of resources available to help you cleared up any questions you may have. Use Ask Statista Research Service. While no seller likes to pay fees, they are integral to online selling. In light of such risks, readers are cautioned not to place undue reliance on such forward-looking statements. Sr. Director of Investor Relations, Patricia Cruz You need a Statista Account for unlimited access. Forward-looking statements include all statements that are not historical fact. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. How to sell. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 16.6M+ items are available for sale on Depop. 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 You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. 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. 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. If you have several packages, MyUS can bundle the packages into one order. To use individual functions (e.g., mark statistics as favourites, set Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Test out different poses. Email us at feedback@voguebusiness.com. Others were also unhappy with the customer service describing it as unresponsive. Overview. The site . [14] Users can also follow other sellers, whose posts will appear in their feeds. Depop has evolved to become the community-powered fashion marketplace to buy and sell unique fashion, with approximately 30 million registered users in more than 150 countries. In other words, Depop is basically Instagram, but with more transparency about the fact that it's selling you stuff. Describe what you're selling. It caters to a variety of different fashion pieces such as designer, vintage, and streetwear. Depop boasts approximately 30 million registered users across 150 countries. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. 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. Fluidity extends beyond gender identity. . And it doesn't look like there's a way to list items from a computer. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. 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. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. 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. 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.

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