<br><br>I have demonstrated skills and experience in public relations, fashion marketing, and fashion communications. Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre. The benefit of this service is you can order from anywhere in the United States and get your items shipped to Europe. We disclaim any obligation to update forward-looking statements, except as required by law. 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. Pop-Tarts x Depop is Here For Fashion and Food Fans Craving Unique The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. 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. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. Depop also requires sellers to make their offers look more professional, which is why it's better suited for small businesses. 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. Company summary. Available on Android and iOS (free) Another great app for the starving student! Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. 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?. Moreover, we operate in a very competitive and rapidly changing environment. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. Community Affiliates Manager, Depop Socialfixt Unlike Depop sellers, Vinted sellers don't pay any fees. Secondhand may be sustainable but its also cool. It must've been cuz I mentioned the BBB. However, while the idea behind the two is similar, there are some key differences between Vinted and Depop. 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. Poshmark is currently only available in the United States, Canada, Australia, India, and the United Kingdom. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Conduct your own research and seek the advice of a licensed financial advisor. 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. Poshmark is available in the U.S., Canada, India, and Australia, but at this time Poshers cannot buy or sell outside of their country. By providing your email address below, you are providing consent to Etsy to send you the requested Investor Email Alert updates. Shares our two-sided marketplace business model: Depop is a peer-to-peer marketplace with similar capital-light operating model and financial characteristics. As you can see, while looking practically identical at first glance, Depop and Vinted are two sides of the same coin. 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. Depop has around 30 million users in over 150 countries, the majority of whom are young people. Instead, the app uses an escrow service that holds the money in your Vinted wallet until the buyer gets and accepts the item. You can also move the money to your bank account once its transferred to PayPal. After submitting your request, you will receive an activation email to the requested email address. Alternatives to Depop. I'm trying to figure out an alternative atm 10 Fluidity extends beyond gender identity. Etsy to acquire global fashion resale marketplace Depop When expanded it provides a list of search options that will switch the search inputs to match the current selection. Get this delivered to your inbox, and more info about our products and services. ". 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. This partly refers to self-identity. 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. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. I think because a lot of my customers come from communities where fashion hadnt really considered them, they kind of gravitate to everything, he says. Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph]. The brand registered unprecedented growth in May and July 2020, with. All Rights Reserved. Market leadership, with authentic, organic brand traction: Depop deepens our reach into the Gen Z consumer, with differentiated brand strength, strong user engagement and unit economics. 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. What Is Depop? The Clothing Resale App That Gen-Zers Are Using - CNBC The only thing that I would change are the "plus . Men's Black and Blue Trainers | Depop Depop is expected to be accretive to Etsy's top line growth rate and modestly dilutive to Etsy's adjusted EBITDA margin. That said, you can expect to ship your items at lower prices when using Vinted. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. 26M+ registered users over 150 countries. Depop is a legitimate app that lets sellers sell items and buyers buy items; hence not a scam. On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. Depop reports having over 30 million registered users in over 150 countries. r/Depop omfgf i thought this girl had her boob out in the 1st pic and ive been debating whether or not to tell her for like an hour (in case it was an accident) and just realised it was her ELBOW Its marketplace connects over 21 million users, selling, buying, and exchanging second-hand clothes and accessories. This is a fluid generation defying categorisation in every sense, Levato says. How to sell. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. 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] Beckerman raised 1 million in funding in October 2013 from Red Circle Investment and brought on Faroese Runar Reistrup as new CEO. That leads us to the question, which of these two reselling platforms is better? However, these can be dealt with by using Packlink to find the cheapest parcel delivery service. Backend Engineer | Depop Careers [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. In an age of financial uncertainty, young people are taking finances into their own hands. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. . Make sure your clothing is the focal point of the picture by keeping the . Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. 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. The website was launched in 2011 as a social network for PIG magazine readers wanting to buy featured items. We love Depop's rapidly growing GMS and loyal and engaged customer base, excellent user engagement and unit economics, opportunities to expand value added seller services, clear path for geographic expansion, and highly scalable, 'capital light' operating model. Both apps also make it very easy to post your items. If you think about selling your old clothes online, two reselling apps immediately spring to mind - Vinted and Depop. The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay. 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 . The company was founded in 2011 and is headquartered in London . 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. According to positive reviewers, Depop allowed them to start their small business. 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. 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. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. Depop Reviews | Read Customer Service Reviews of depop.com - Trustpilot 12.9% of the sale price or lower, plus $0.30 per order. In some cases, forward-looking statements can be identified by terms such as anticipate, believe, could, enable, estimate, expect, goal, intend, may, outlook, plan, potential, target, will, or similar expressions and derivative forms and/or the negatives of those words. Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. depop.com Traffic Analytics & Market Share | Similarweb Some of the motivations for using Depop come as no surprise 75 per cent of those surveyed are looking to reduce clothing consumption. While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. To contact Depop customer service, go to the help desk page, enter your details and submit. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. In case of sender and recipient from the same country or within a radius of 10 kilometres, the user can deliver/collect in person, but no payment in cash. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Like Depop, Swappa pays via PayPal. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. r/Depop on Reddit: Contacted depop on Twitter about the banner showing As a part of our mission to expand the joy and community of gaming to every player in the world, we're excited to announce we're bringing a preview of PC Game Pass to 40 new countries for the first time ever, comprising: Albania. "To some degree, we have a closer relationship with Gen Z . 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. Available everywhere. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. Depop is a peer-to-peer social shopping app. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. 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. <u>Company Description</u><br><br>Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. With a website and apps available on both iOS and Android, Depop promises to be an online shopping. [4] Its headquarters were moved to London in 2012. 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. Dont worry, youre not going to need to splash out on a property, there is a much cheaper solution. Meet Bella McFadden, who made $1 million on Depop - Fast Company The first difference is the market available. Depop does not offer other ways to make money apart from selling items such as clothes, shoes, and other items. With over 26m users in more than 150 countries, Depop is the place for anyone looking to celebrate style on their terms and keeping millions of items of clothing in rotation. Therefore, Vinted might be a better choice for a casual seller interested in making some extra money. It does come with fees and higher shipping costs. Depop Summary. Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. Can I buy and sell on Poshmark if I'm not in the United States? 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. In, Airnow. This presentation contains forward-looking statements within the meaning of the federal securities laws. Does Depop Ship to Europe?[2023] (Answered) - uniexpress GT 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. 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. Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. This button displays the currently selected search type. . However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. Like Depop, Decluttr is free to download and use. The vintage items are also great since fashion often brings back past trends from time to time. She has about 40,000 followers, and selling clothes online has become a full-time job for her. i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. Essentially, youll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. What are the Other Ways to Make Money on Depop? Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. The number of app users in the United Kingdom went from. , Aug 2, 2022 London-based social shopping platform app Depop was highly benefited by the e-commerce boom during the COVID-19 pandemic. Chart. Subscribe to receive weekly Side Hustle recommendations. Depop payments are transferred directly to your PayPal account, and no intermediary is involved in handling transactions. 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. 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. Who we are. Abigail Cooper - Seller - Depop | LinkedIn For sellers, we offer a range of tools and services that address key business needs. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. As for Vinted, they have a buyer's protection feature. Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. statistic alerts) please log in with your personal account. A paid subscription is required for full access. 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. Depop is a legitimate app that allows sellers and buyers to trade their items hence not a scam. 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. 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. 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 app is also meant for buyers looking for items they can buy. How to Deliver Items from the Depop Online Store to Europe Bahrain. Which one is better, though? Decluttr is an online app that allows you to sell your used media. Depop Revenue and Usage Statistics (2023) - Business of Apps Is Depop a Sustainable Way to Buy and Sell Clothes? - CIFAL Newcastle [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. Depop - Wikipedia Etsy expects to finalize the deal by the third quarter of 2021. Decide your price. Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. 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. Tom Evans says Depop has become his primary source of income. A lot of people in my generation have that set-up income from a few little baskets, he says. Please see our privacy policy for more information. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. Click here to view 60+ Websites to Sell Stuff. Date of release is date of access.Figures have been rounded. Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. "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. Take a picture of the item, describe it, set a price for it, and post. Send your buyer a message thanking them and letting them know when you plan to ship; Ship ASAP using tracked delivery. As a Premium user you get access to the detailed source references and background information about this statistic. And it doesn't look like there's a way to list items from a computer. An overwhelming 90 per cent of its active users are under the age of 25. [14] Users can also follow other sellers, whose posts will appear in their feeds. [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. Depop's 2020 gross. Depop - Start Selling 6) The app must also have an express courier function, home collection/delivery, users can do everything without leaving home. . Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. 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. Do NOT buy from GB via Depop if you live in the EU. Depop should know. Depop is designed for sellers who want to sell items such as clothing, shoes, clothes, vintage clothes and items, and cheap streetwear. Retailers and brands might consider how they can inspire Gen Z to be entrepreneurs. The Best Depop Bots of 2022: The Ultimate Guide - oneshop.com 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.