To receive packages from the United States, youre going to need to have an address based there. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Depop profit calculator - Math Index The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. Depop is a legitimate app that allows sellers and buyers to trade their items hence not a scam. [6] Most active users of Depop are located in the United Kingdom, Australia, United States and Italy. Take up to four photos. ETSY. VP of Investor Relations, Jessica Schmidt Well positioned to benefit from Etsy's expertise to accelerate growth and value creation: Depop is an early-stage business that we believe can leverage our proven value creation roadmap to drive further growth and profitability. Today, Depop is a place where millions of users come to celebrate their style and discover culture. To download the Depop mobile app, go to Google Play and click download. 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. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. Its important to have cultural fluidity, she says. Forward-looking statements include all statements that are not historical fact. [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. Test out different poses. The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. View original content:http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. Comments, questions or feedback? [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. 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 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. The Depop plan sets out a series of targets to hit by the end of 2021. 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. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. How to sell on Depop according to some successful sellers - RUSSH Depop is designed for sellers who want to sell items such as clothing, shoes, clothes, vintage clothes and items, and cheap streetwear. Can I buy and sell on Poshmark if I'm not in the United States? Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. Document Pop-Tarts x Depop is Here For Fashion and Food Fans Craving Unique 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. We disclaim any obligation to update forward-looking statements, except as required by law. don't give up! 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. Depop | Buy & Sell Clothing on the App Store Therefore, Vinted might be a better choice for a casual seller interested in making some extra money. Both apps also target slightly different audiences. Depop also pays via PayPal compared to Decluttr, which uses Direct deposit, PayPal, and Check. As for Vinted, they have a buyer's protection feature. 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. 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. 90% of Depop's active users are under the age of 26.Depop. Sellers can set up their Depop shop and quickly list . Access to this and all other statistics on 80,000 topics from, Show sources information Discover unique fashion. You can unsubscribe at any time. Create an account to follow your favorite communities and start taking part in conversations. 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. 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. As you can see, while looking practically identical at first glance, Depop and Vinted are two sides of the same coin. What distinguishes Depop from Vinted is its emphasis on social features, working as a social network app in addition to being a reselling marketplace. The app is also meant for buyers looking for items they can buy. The Dark Side of Depop | BoF - The Business of Fashion 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. Forward-looking statements include all statements that are not historical facts. - 30M+ registered users in over 150 countries - 32M+ items are available for sale on Depop - $1 Billion made by the Depop community to date How to join Depop ", 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. Online marketplace Etsy announced . That way youll receive all of your items together instead of one at a time. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. (November 8, 2021). Sign up for free newsletters and get more CNBC delivered to your inbox. As a Premium user you get access to the detailed source references and background information about this statistic. [5] Depop expanded and opened additional offices in Milan and New York City. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. New risks emerge from time to time. Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor. 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 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 popular second-hand fashion marketplace app with a global community of buyers and sellers. This type of service is called Freight Forwarding. Register in seconds and access exclusive features. Decide your price. 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. Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. Depop - buy, sell, discover unique fashion $1 Billion made by the Depop community to date. With a website and apps available on both iOS and Android, Depop promises to be an online shopping. Conduct your own research and seek the advice of a licensed financial advisor. Depop also requires sellers to make their offers look more professional, which is why it's better suited for small businesses. Depop's GMS grew at a compounded annual growth rate of nearly 80% from 2017-2020. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Click here to view 60+ Websites to Sell Stuff. 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. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. Dont expect easy answers. Popular sellers on the platform often go on to become social media influencers. By Lisa Lacy. The company was founded in 2011 and is headquartered in London . Discover independent brands making waves and the creators behind them. People want the opportunity to buy and sell, but also they want this inspirational layer and entertainment through their experiences.. 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. 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. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. Profit from the additional features of your individual account. Over half of respondents said they buy secondhand to find one of a kind pieces, while 45 per cent use it to tap into trends. And forget all about contacting their support. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. How does Depop work? - Depop Blog Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. Then you can access your favorite statistics via the star in the header. Overview. r/Depop on Reddit: Contacted depop on Twitter about the banner showing 12.9% of the sale price or lower, plus $0.30 per order. With roughly 30 million registered users across nearly 150 countries,. We want to hear from you. You need a Statista Account for unlimited access. Company summary. Dont worry, youre not going to need to splash out on a property, there is a much cheaper solution. 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. 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. The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. This press release (including statements quoted in this press release) contains forward-looking statements within the meaning of the federal securities laws. ", 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.". Depop - Start Selling 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. How do you just dip in and dip out and find what you need to sell quickly, sell simply and sell easily and then carry on with your life?. Depop Careers and Employment | Indeed.com --Etsy, Inc., which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, has signed a definitive agreement to acquire. IOS Developer Job London England UK,Software Development Please read rules before posting. Previous investors HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus Ventures, TempoCap and Sebastian Siemiatkowski also participated. 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. 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.