Depop Company Profile - Office Locations, Competitors - Craft Depop is a peer-to-peer social shopping app. Poshmark is best known for women's fashion, trendy brands, and higher-end clothing and accessories. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. Etsy Shells Out $1.6B to Buy Depopand to Reach Gen Z - Adweek The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. Does the Depop online store ship items overseas to Europe? Depop has around 30 million users in over 150 countries, the majority of whom are young people. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. In, Airnow. Expands our TAM in a large and fast-growing market, category or geography: Depop is expected to extend Etsy's market opportunity in the high frequency apparel sector, specifically in the fast-growing resale space. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. Investor Relations Manager, Advances leadership in community-driven and differentiated marketplaces, Etsy to acquire global fashion resale marketplace Depop. Swappa also focuses on used electronics compared to Depop, which deals in clothing, shoes, and other streetwear. Accessed March 04, 2023. https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Airnow. Depop Resellers: Is It Ethical? - The Iliad 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. "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. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. Social selling site Depop on why quantity is the key to quality A lot of people in my generation have that set-up income from a few little baskets, he says. 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. Essentially, you'll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. 4 locations detected. People want the opportunity to buy and sell, but also they want this inspirational layer and entertainment through their experiences.. GET SERVICE INSTANTLY . Depop's 2020 gross. 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. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Depop allows its sellers to include rules buyers can see when scrolling through their posts. Forward-looking statements include statements related to our potential addressable market,the potential benefits of the acquisition of Depop, expected impact of the acquisition of Depop on Etsy's future financial performance and the potential impact on Etsy's consolidated financial results, the anticipated timing of the closing of the acquisition of Depop, the anticipated impact of applying Etsy's expertise to Depop's business and the potential of Depop's business. You can use it to browse listings by your neighbours and local shops with a surplus of food or other products. Forward-looking statements include statements relating to our financial guidance for the first quarter of 2023 and key factors impacting our guidance; the impact of our Right to Win and other growth strategies, including our strategies for integrating our House of Brands marketplaces, marketing and product initiatives, and investments and other levers of growth on our business and operating results, including future gross merchandise sales (GMS) and revenue growth; our ability to attract, engage, and retain buyers and sellers; the global macroeconomic uncertainty and volatility, including inflation and rising interest rates; the status and impact of the macroeconomic headwinds and tailwinds, including additional or unforeseen impacts that COVID-19 and general market, political, economic, and business conditions may have on our business, strategy, operating results, key metrics, financial condition, profitability, and cash flows; our opportunity to reach new buyers; and uncertainty regarding and changes in overall levels of consumer spending and e-commerce generally. We're a community that inspires and connects our users." To download the Depop mobile app, go to Google Play and click download. ", "Is Depop being gentrified? 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.". The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay. 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. 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. This is a fluid generation defying categorisation in every sense, Levato says. Take up to four photos. All Rights Reserved. Barney Willis on LinkedIn: #etsy #depop #amazon #pinterest #fiver The Company's primary marketplace, Etsy . 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. don't give up! Etsy's mission is to keep commerce human, and we're committed to using the power of business to strengthen communities and empower people. Depop reports having over 30 million registered users in over 150 countries. PC Game Pass Preview is Available for Insiders in 40 New Countries Depop is the app for you . Depop | Buy & Sell Clothing 12+ Resale Marketplace for Clothes Depop Ltd #60 in Shopping 4.8 399.1K Ratings Free iPhone Screenshots Buy. Phone: (718) 880-3660. p:718 880-3660. Disclosure. 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 freight forwarder accepts the package on your behalf. Have to complete the purchase to update your shipping address - Depop When we do drops, its really hard to kind of nail down an aesthetic.. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. 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. If you are an admin, please authenticate by logging in again. Comments, questions or feedback? Poshmark is currently only available in the United States, Canada, Australia, India, and the United Kingdom. What Is Depop? The Clothing Resale App That Gen-Zers Are Using - CNBC Depop, which first emerged from an Italian tech incubator in 2011, then established its headquarters in London, is a dark horse in the fashion ecom wars. Depop is a peer-to-peer social shopping app based in London that first launched in 2011. eBay Revenue and Usage Statistics (2023) - Business of Apps r/Depop - What countries outside UK is Depop popular in? How is it A sub for discussing all things Depop. June 2, 2021. Depop is expected to be accretive to Etsy's top line growth rate and modestly dilutive to Etsy's adjusted EBITDA margin. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. Fluidity extends beyond gender identity. Depop should know. Etsy to acquire global fashion resale marketplace Depop Dont expect easy answers. View original content:http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. Please read the full Terms of use and Privacy Policy. For Semple, physical events remain hugely relevant. 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. 147. Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. The number of app users in the United Kingdom went from. 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 Depop is a reliable website that allows you to buy and sell items. Swappa is a peer-to-peer marketplace that allows you to sell and buy used electronics. Now, were assuming that you neither own a house there or do you have relatives living there, so how is this even possible? Sellers can set up their Depop shop and quickly list . Profit from the additional features of your individual account. ", Etsy said the transaction consisted primarily of cash and was "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.". What Is Depop? Everything You Need to Know About the Resale App We disclaim any obligation to update forward-looking statements, except as required by law. Depop is designed for sellers who want to sell items such as clothing, shoes, clothes, vintage clothes and items, and cheap streetwear. About Depop Our leadership Facts and figures. 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. Test out different poses. The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. Depop's beginnings were also relatively humble. 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. "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. 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. You need a Statista Account for unlimited access. Get the item and o rate your experience with the seller. 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. At Etsy, we promise to treat your data with respect and will not share your information with any third party. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. 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. This presentation contains forward-looking statements within the meaning of the federal securities laws. Only limited information is available about the algorithms and modelling behind ChatGPT, which makes it difficult . . It also gives the online marketplace a bigger footprint in fashion resale. When it comes to newness, this generation has a new lens through which they see new.. If you look around online, youll find a bunch of companies in the U.S. offering physical United States addresses to customers located overseas. Describe what you're selling. They come to Depop for the clothes, but stay for the culture. Ticker: ETSY. We estimate that one in four 15-24-year old's in Australia are on Depop," says Aria Wigneswaran, Country Manager Australia, 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.<br>The company was founded . In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. Now imagine if someone came through and bought a pair of pants for $12 . 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. The site . Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. Press question mark to learn the rest of the keyboard shortcuts. Is Depop a Sustainable Way to Buy and Sell Clothes? - CIFAL Newcastle However, while the idea behind the two is similar, there are some key differences between Vinted and Depop. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. 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. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph]. Following the close of this transaction, Etsy Inc. will operate three highly differentiated, non-commoditized and loved ecommerce brands: Etsy, Reverb, and Depop. 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. While creating a Depop account, your phone number will be required. An overwhelming 90 per cent of its active users are under the age of 25. This type of service is called Freight Forwarding.