The user base on Depop is also younger than on Vinted, which, in exchange, has a more international user base. Phone: (718) 880-3660. p:718 880-3660. Etsy expects to share more information in conjunction with its second quarter 2021 financial results. Get full access to all features within our Business Solutions. The company was founded in 2011 and is headquartered in London . Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. Depop is a peer-to-peer social shopping app. A sub for discussing all things Depop. As for Vinted, they have a buyer's protection feature. my buyer. 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. Unfortunately, yes. An overwhelming 90 per cent of its active users are under the age of 25. - 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 Decluttr is an online app that allows you to sell your used media. 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. Therefore, Vinted might be a better choice for a casual seller interested in making some extra money. Depop | Buy & Sell Clothing 12+ Resale Marketplace for Clothes Depop Ltd #60 in Shopping 4.8 399.1K Ratings Free iPhone Screenshots Buy. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. 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. Comments, questions or feedback? Get this delivered to your inbox, and more info about our products and services. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 90% of Depop's active users are under the age of 26.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. You must click the activation link in order to complete your subscription. by Jerret West, CVP Gaming Marketing, Xbox Feb 28, 2023 @ 12:01am. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. Others were also unhappy with the customer service describing it as unresponsive. 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. 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. "Monthly Active Users (Mau) of The Depop App in The United Kingdom (Uk) from January 2018 to October 2021 (in Millions). The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. 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. Who we are. Both platforms are dominant forces, connecting 21 and 26 million users worldwide, respectively. Depop and Paypal have been accused of collectively deceiving users into using their preferred private shipping partner, Evri, previously known as Hermes, a courier firm marred by allegations that its drivers mishandle parcels. uniexpressgt.com participates in various affiliate programs, and we sometimes get a commission through purchases made through our links. It allows users to buy and sell items, most of which are used . 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. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. Sr. Director of Investor Relations, Patricia Cruz 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). The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. Both apps also make it very easy to post your items. We disclaim any obligation to update forward-looking statements, except as required by law. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. If y'all remember I posted how I got banned for hashtags that were FINE. The app is also meant for buyers looking for items they can buy. 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. A replay of the video webcast will be available through the same link following the conference call starting at 10:30 a.m. Eastern Time today for at least three months thereafter. Depop is a place for anyone to discover and . 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%. Depop is not available in some countries from summer (I cant remember exact month when this happened). 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. 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. Its a fairly common question we often see asked, and the answer isnt all that clear. This extends to how these generations view life and society, but also fashion. 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. 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. Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. 147. $1 Billion made by the Depop community to date. Poshmark is best known for women's fashion, trendy brands, and higher-end clothing and accessories. . Now, were assuming that you neither own a house there or do you have relatives living there, so how is this even possible? We're excited to build a 'house of brands' where the whole is greater than the sum of its parts.". You need at least a Starter Account to use this feature. It caters to a variety of different fashion pieces such as designer, vintage, and streetwear. 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 On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. Depop is headquartered in London, England and Los Angeles, California. 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. Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. If you are an admin, please authenticate by logging in again. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. Here are some vital facts and figures about how Depop works today. Please create an employee account to be able to mark statistics as favorites. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. Depop proudly states that 90 percent of its active users are under 26. Profit from the additional features of your individual account. Depop, for example, charges its sellers 10% of each sale plus the possible PayPal fee for one's country. Etsy's mission is to keep commerce human, and we're committed to using the power of business to strengthen communities and empower people. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. People want the opportunity to buy and sell, but also they want this inspirational layer and entertainment through their experiences.. Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. 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. Like Depop, Swappa pays via PayPal. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. The freight forwarder accepts the package on your behalf. 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. Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. Phones,laptops,wearables,Tablets,video games, Electronic, fashion,health, and beauty products, No limit to the type of products you can sell. Place your item in a box or shipping envelope, available at office supply stores or the post office. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Bahrain. In other words, Depop is basically Instagram, but with more transparency about the fact that it's selling you stuff. 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. [6] Most active users of Depop are located in the United Kingdom, Australia, United States and Italy. Vinted, for instance, is generally more focused on the transactional side. Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. We want to hear from you. Are you interested in testing our business solutions? To receive the Vogue Business newsletter, sign up here. 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. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. 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 . On paper, Depop and Vinted offer the exact same services, connecting second-hand clothing sellers with buyers. New risks emerge from time to time. You can then. [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. 2023 CNBC LLC. ", She added: "Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. , Aug 2, 2022 London-based social shopping platform app Depop was highly benefited by the e-commerce boom during the COVID-19 pandemic. "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. The app has over 10 million users and is available in over 100 countries. Vinted also works as an intermediary between sellers and buyers, helping resolve issues. Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. How to sell. [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]. In an age of financial uncertainty, young people are taking finances into their own hands. You need a Statista Account for unlimited access. Essentially, youll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. Its report, released this Monday, unpacks Gen Zs collective behaviours in a pandemic world and beyond. ", 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. 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. ETSY. Sign up to our newsletter for a truly global perspective on the fashion industry. Use Ask Statista Research Service. The app is currently available only in European countries, but it's expected to soon be available in the US too. BROOKLYN, NY 11201 United States. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. Access to this and all other statistics on 80,000 topics from, Show sources information Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. 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. 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. Forward-looking statements represent our beliefs and assumptions only as of the date hereof. 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 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. To receive packages from the United States, youre going to need to have an address based there. It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. Depop is the app for you . The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. Both apps also target slightly different audiences. You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. Get Potential buyers to make bids for the item and agree on the final price. While creating a Depop account, your phone number will be required. Since Depop has attracted young people, you can expect a lot of clothing and other items to be approved by the millenials. Unfortunately, Depop doesn't ship directly to Europe. 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. Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. 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. 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. 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. 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. Moreover, we operate in a very competitive and rapidly changing environment. Whatever you're into, find the item and the seller for you on Depop. But let's talk about differences. . ", 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. Compare Depop alternatives for your business or organization using the curated list below. They come to Depop for the clothes, but stay for the culture. 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. It must've been cuz I mentioned the BBB. Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. You can unsubscribe anytime. (November 8, 2021). eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Like Depop, Decluttr is free to download and use. [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. Otherwise, all transactions made in the app are protected, so it should be safe to sell on 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. Up to 140,000 new listings every day. The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. Using a Vinted or Depop app, users can sell, buy, or exchange their used clothes. Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. As a mobile app, it is available on iOS and Android platforms. A paid subscription is required for full access. Depop's mission statement is "to change the way people buy, sell and think about fashion." Is Depop second hand? 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. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. 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. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Once the package is received, the freight forwarder will ship the package directly to you in Europe. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. ", 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.". Its because theyre reliable, dont charge a bunch of taxes, and offer affordable rates. Depop is a website and mobile app available in over 150 countries with over 26 million active users. Tom Evans says Depop has become his primary source of income. Depop boasts approximately 30 million registered users across 150 countries. "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. Does the Depop online store ship items overseas to Europe? And it doesn't look like there's a way to list items from a computer. In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. Goldman Sachs & Co. LLC served as exclusive financial advisor to Etsy, Deloitte as due diligence advisors, and Fenwick & West LLP and Allen & Overy LLP served as Etsy's legal advisors. Fluidity extends beyond gender identity. Disclosure. i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps.
