Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. 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. Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. Up to 140,000 new listings every day. What distinguishes Depop from Vinted is its emphasis on social features, working as a social network app in addition to being a reselling marketplace. Depop is the app for you . The brand registered unprecedented growth in May and July 2020, with. You need at least a Starter Account to use this feature. While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. If y'all remember I posted how I got banned for hashtags that were FINE. SourceForge ranks the best alternatives to Depop in 2022. Depop - Start Selling Now imagine if someone came through and bought a pair of pants for $12 . Take a picture of the item, describe it, set a price for it, and post. Thats now the slogan of the brand I work with a lot of queer people, its just kind of asking them how they want to show up in the world. Depop is a website and mobile app available in over 150 countries with over 26 million active users. 26M+ registered users over 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. 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. 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?. Sellers can set up their Depop shop and quickly list . [16] Celebrities have resold their own items on Depop, with some donating proceeds to charitable causes. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through. 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. 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. 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. 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 The app is currently available only in European countries, but it's expected to soon be available in the US too. To download the Depop mobile app, go to Google Play and click download. All Rights Reserved. We disclaim any obligation to update forward-looking statements. Depop is powered by young influencers like 20-year-old Moira Campos who is one of Depop's top sellers. What Is Depop? All Your Online Thrifting QuestionsAnswered 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). Ship. The company was founded in 2011 and is headquartered in London . 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. Investor Relations Manager, Advances leadership in community-driven and differentiated marketplaces, Etsy to acquire global fashion resale marketplace Depop. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. We're excited to build a 'house of brands' where the whole is greater than the sum of its parts.". The Depop plan sets out a series of targets to hit by the end of 2021. Depop: number of downloads per month 2022 | Statista By Lisa Lacy. Retailers and brands might consider how they can inspire Gen Z to be entrepreneurs. [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. Unfortunately, Depop doesnt ship directly to Europe. It is largely targeted at Gen Z shoppers Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. 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. Its user interface is modeled after that of Instagram, and users can sell items by posting pictures of them to their profiles, along with descriptions, hashtags, and prices. Click here to view 60+ Websites to Sell Stuff. Depop | LinkedIn Accessed March 04, 2023. https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Airnow. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. Email us at feedback@voguebusiness.com. r/Depop on Reddit: Contacted depop on Twitter about the banner showing That presents a challenge for Depop. Register in seconds and access exclusive features. Bahrain. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. Depop boasts approximately 30 million registered users across 150 countries. Poshmark is best known for women's fashion, trendy brands, and higher-end clothing and accessories. 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. Depop Statistics, User Count and Facts (2023) Phones,laptops,wearables,Tablets,video games, Electronic, fashion,health, and beauty products, No limit to the type of products you can sell. ", 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. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. The default refresh interval is a random number between 1 and 3 seconds. Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. Depop is headquartered in London, England and Los Angeles, California. 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. Depop | Buy & Sell Clothing 12+ Resale Marketplace for Clothes Depop Ltd #60 in Shopping 4.8 399.1K Ratings Free iPhone Screenshots Buy. How to sell. Secondhand may be sustainable but its also cool. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. . [Online]. Contact Data CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For . Vinted and Depop have different payment policies. 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 . As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. It was established in 2011 by Simon Bekerman and now has over 15 million . Etsy CEO Josh Silverman called the start-up the"resale home for Gen Z consumers. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. You then use this address for your deliveries, and theyll automatically forward them to your home country. Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. I'm trying to figure out an alternative atm 10 Weve been a long time customer of MyUS, and weve never had any issues with their service. Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. Young people buy clothes online - level 3 - News in Levels Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. However, we have a pretty simple solution that gets around this restriction. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. Test out different poses. If you're trying to browse thredUP from another country, you unfortunately won't be able to access our site and will have restricted website access. That leads us to the question, which of these two reselling platforms is better? 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. On paper, Depop and Vinted offer the exact same services, connecting second-hand clothing sellers with buyers. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. People want the opportunity to buy and sell, but also they want this inspirational layer and entertainment through their experiences.. 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. When it comes to newness, this generation has a new lens through which they see new.. Depop has around 30 million users in over 150 countries, the majority of whom are young people. How to Sell on Depop - Becoming a Power Seller | Wirecutter Best Depop Alternatives & Competitors - SourceForge Dont expect easy answers. Social selling site Depop on why quantity is the key to quality 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 users who opt for using Royal Mail are penalised by being forced to pay Depop sales fees out of pocket and wait up to one month to receive their earnings. Sign up for free newsletters and get more CNBC delivered to your inbox. Decide your price. Its report, released this Monday, unpacks Gen Zs collective behaviours in a pandemic world and beyond. Shipping guide - Worldwide - Depop help GB Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. There are plenty of resources available to help you cleared up any questions you may have. Discover unique fashion. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. 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. But let's talk about differences. 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. Are you interested in testing our business solutions? The website was launched in 2011 as a social network for PIG magazine readers wanting to buy featured items. . ", 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. The first difference is the market available. To receive packages from the United States, youre going to need to have an address based there. When we do drops, its really hard to kind of nail down an aesthetic.. funds from depop transaction still on hold despite - PayPal Community Depop is a peer-to-peer social shopping app. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. "Monthly Active Users (Mau) of The Depop App in The United Kingdom (Uk) from January 2018 to October 2021 (in Millions). Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. Its because theyre reliable, dont charge a bunch of taxes, and offer affordable rates. An overwhelming 90 per cent of its active users are under the age of 25. 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 platform's "Explore" page features items picked out by Depop staff. Prices for clothing range from $3-$15. 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. 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. In other words, Depop is basically Instagram, but with more transparency about the fact that it's selling you stuff. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. Create an account to follow your favorite communities and start taking part in conversations. 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. To use individual functions (e.g., mark statistics as favourites, set 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. What are the Other Ways to Make Money on Depop?