The site . Swappa is a peer-to-peer marketplace that allows you to sell and buy used electronics. Thrift stores, in the Poway area, are pretty cheap. Therefore, Vinted might be a better choice for a casual seller interested in making some extra money. MyUS is one of the best freight forwarders available and its our favorite. For sellers, we offer a range of tools and services that address key business needs. Do NOT buy from GB via Depop if you live in the EU. Place your item in a box or shipping envelope, available at office supply stores or the post office. In 2021, Depop was acquired by Etsy for $1.6 billion. 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. A copy of the presentation that will be covered on the conference call will also be posted to our website. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. Like Depop, eBay charges a commission of 10% on all the items sold. 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. Expands our TAM in a large and fast-growing market, Well positioned to benefit from Etsy's expertise to, http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. Today, Depop is a place where millions of users come to celebrate their style and discover culture. By providing your email address below, you are providing consent to Etsy to send you the requested Investor Email Alert updates. However, we have a pretty simple solution that gets around this restriction. - 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 Etsy expects to share more information in conjunction with its second quarter 2021 financial results. Decide your price. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. 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. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. 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. As of March 31, 2021, Etsy had approximately $2.0 billion in total liquidity consisting of $1.8B in cash, cash equivalents and short and long term investments on its balance sheet and an undrawn $200 million revolving credit facility. ETSY. Forward-looking statements include all statements that are not historical fact. You need at least a Starter Account to use this 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.<br>The company was founded . This presentation contains forward-looking statements within the meaning of the federal securities laws. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Depop promises not to share your details with third parties. 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. Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. 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. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Use Ask Statista Research Service. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash. 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. You must click the activation link in order to complete your subscription. 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 Poshmark is currently only available in the United States, Canada, Australia, India, and the United Kingdom. The user base on Depop is also younger than on Vinted, which, in exchange, has a more international user base. [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 is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. New risks emerge from time to time. Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. Alternatives to Depop. Depop was founded in 2011 and has over 26 million registered users in more than 150 countries. Etsy's mission is to keep commerce human, and we're committed to using the power of business to strengthen communities and empower people. (November 8, 2021). I always say we owe ourselves authenticity. The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. statistic alerts) please log in with your personal account. Who we are. While some users complained of poor customer service, Depop can help you make extra money online. Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. Vinted also works as an intermediary between sellers and buyers, helping resolve issues. They come to Depop for the clothes, but stay for the culture. Subscribe to receive weekly Side Hustle recommendations. [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. 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. Take a picture of the item, describe it, set a price for it, and post. It really makes us think about, how do we serve these journeys? That said, you can expect to ship your items at lower prices when using Vinted. Etsy CEO on how $1.6 billion deal for Depop could help the company grow. 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. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. ", "Is Depop being gentrified? Many sellers model the clothes they sell themselves. [16] Celebrities have resold their own items on Depop, with some donating proceeds to charitable causes. [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. 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. 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. These businesses all share similar levers of growth to unlock value, including improving search and discovery, building human connections, and making selling and buying easier. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. 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 is a website and mobile app available in over 150 countries with over 26 million active users. Available everywhere. Have to complete the purchase to update your shipping address - Depop i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. Depop Summary. [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]. 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. However, these can be dealt with by using Packlink to find the cheapest parcel delivery service. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. There are no boundaries anymore between commerce and connections, consumption and production, and even entertainment and entrepreneurship, says Federica Levato, a partner at Bain, who worked on the report. It also gives the online marketplace a bigger footprint in fashion resale. 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. Users can buy and sell clothing, accessories, and beauty products. Its report, released this Monday, unpacks Gen Zs collective behaviours in a pandemic world and beyond. This type of service is called Freight Forwarding. Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre. Both apps also target slightly different audiences. You can only download this statistic as a Premium user. Sellers can set up their Depop shop and quickly list . 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. 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 provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. Depop, for example, charges its sellers 10% of each sale plus the possible PayPal fee for one's country. If you think about selling your old clothes online, two reselling apps immediately spring to mind - Vinted and Depop. Tom Evans says Depop has become his primary source of income. But why Depop? trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. BROOKLYN, NY 11201 United States. Deb Wasser 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. 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) The app must also have an express courier function, home collection/delivery, users can do everything without leaving home. Essentially, you'll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. 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 boasts approximately 30 million registered users across 150 countries. People want the opportunity to buy and sell, but also they want this inspirational layer and entertainment through their experiences.. Test out different poses. Its a fairly common question we often see asked, and the answer isnt all that clear. More so, what you earn on Swappa depends on the item you are selling and its condition. to incorporate the statistic into your presentation at any time. The transaction is currently expected to close during the third quarter of 2021, subject to satisfaction of customary closing conditions, including antitrust review in the United States and the United Kingdom. Prices for clothing range from $3-$15. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. 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. Essentially, the more you engage, be it by liking items, listing products, following other users, etc., the more sales you're likely to generate. 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. Please read the full Terms of use and Privacy Policy. 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. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. Register in seconds and access exclusive features. Business Summary. Depop, on the other hand, is a better choice for a small business. To download the Depop mobile app, go to Google Play and click download. 147. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Bank of America reveals the winning market share gainers with more room to run, Goldman Sachs upgrades this internet of things stock which it sees surging 60%, JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. by Jerret West, CVP Gaming Marketing, Xbox Feb 28, 2023 @ 12:01am. For Semple, physical events remain hugely relevant. Depop is powered by a team of around 400 people, dedicated to our mission of fashion for a better future. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. Others also described the platform as an easy-to-use selling platform. It allows users to buy and sell items, most of which are used . Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. While some users complained of poor customer service, Depop can help you make extra money online. Depop does not offer other ways to make money apart from selling items such as clothes, shoes, and other items. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. You have successfully joined our subscriber list. 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. 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. 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 planning to run in-person events for later this year, similar to its 2019 Depop live series in New York and London, which brought together sellers and performers to create physical resale spaces alongside an events programme. Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. 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 ", 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.". Statista. On this Wikipedia the language links are at the top of the page across from the article title. If you look around online, youll find a bunch of companies in the U.S. offering physical United States addresses to customers located overseas. In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. Describe what you're selling. ", 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. Get Potential buyers to make bids for the item and agree on the final price. 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. 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. The number of app users in the United Kingdom went from. Depop is powered by young influencers like 20-year-old Moira Campos who is one of Depop's top sellers. Got a confidential news tip? 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. The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. ", 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. 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. It is largely targeted at Gen Z shoppers 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. In an age of financial uncertainty, young people are taking finances into their own hands. Founded in 2011, Depop has its headquarters in London and offices in Manchester, New York, Los Angeles and Sydney with 400 employees dedicated to helping build a new fashion system that's kinder. 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. ", 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's beginnings were also relatively humble. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. In November 2019, Business of Fashion reported that users within the Depop app were receiving sexually suggestive messages.[23]. Depop's mission statement is "to change the way people buy, sell and think about fashion." Is Depop second hand? You can use it to browse listings by your neighbours and local shops with a surplus of food or other products. Depop is a legitimate app that lets sellers sell items and buyers buy items; hence not a scam. It is one of the few success stories of the dot-com bubble, which . Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. Get paid for the item and start the shipping process. But let's talk about differences. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. Does the Depop online store ship items overseas to Europe? In interviews with nearly a dozen Depop users, BoF heard numerous reports of women being inundated with sexual messages. Our company was founded in 2005 and is headquartered in Brooklyn, New York. Online marketplace Etsy announced . Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. 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 . Weve been a long time customer of MyUS, and weve never had any issues with their service. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. 2023 CNBC LLC. Etsy expects to finalize the deal by the third quarter of 2021. Vinted, for instance, is generally more focused on the transactional side. Depop reports having over 30 million registered users in over 150 countries. An overwhelming 90 per cent of its active users are under the age of 25. Conduct your own research and seek the advice of a licensed financial advisor. Chart. The company will send a six-digit code that you can use to verify your account. As you can see, while looking practically identical at first glance, Depop and Vinted are two sides of the same coin. 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. While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. To contact Depop customer service, go to the help desk page, enter your details and submit. 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. Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. <p>Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. But their interest in secondhand clothes also has significance beyond save-the-planet instincts. Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. The first difference is the market available. When it comes to newness, this generation has a new lens through which they see new.. [3] Paolo Barberis and Nana Bianca were two of the first investors in the platform in 2012 with a seed investment. Compare Depop alternatives for your business or organization using the curated list below. Profit from the additional features of your individual account. Poshmark is best known for women's fashion, trendy brands, and higher-end clothing and accessories. 90% of Depop's active users are under the age of 26.Depop. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. Unfortunately, some users complained that the platform would hold your money for a long time before closing your accounts. To receive the Vogue Business newsletter, sign up here. Depop also pays via PayPal compared to Decluttr, which uses Direct deposit, PayPal, and Check. Since Depop has attracted young people, you can expect a lot of clothing and other items to be approved by the millenials. 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 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 is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. $5+ thereafter, Sell computers, home tech, cameras, phones, watches, laptops and tablets, Sell your item directly to buyer and get paid the next day via PayPal, 180+ million buyers, easy listings and sell directly from the smartphone, List up to 200 items for free every month, and only pay when they sell, Global brand trust and seller protections in place from buyers scams. The website was launched in 2011 as a social network for PIG magazine readers wanting to buy featured items. If you have several packages, MyUS can bundle the packages into one order. Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. 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. The marketplaces will operate independently, while benefiting from shared expertise in areas such as product, marketing, technology, and customer support. Why do we think MyUS is the best? How to Deliver Items from the Depop Online Store to Europe