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Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. 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. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. What are the Other Ways to Make Money on Depop? To receive packages from the United States, youre going to need to have an address based there. 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). If you think about selling your old clothes online, two reselling apps immediately spring to mind - Vinted and Depop. Both apps also make it very easy to post your items. Depop has around 30 million users in over 150 countries, the majority of whom are young people. Having a rating of 1.7 on Reviews.io, 3.3 on Trustpilot, and 1.7 on Sitejabber, the website has attracted both positive and negative reviews. Sellers can set up their Depop shop and quickly list . The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. [4] Its headquarters were moved to London in 2012. eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. A Division of NBCUniversal. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. 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 mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. 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. That said, you can expect to ship your items at lower prices when using Vinted. 147. 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 . Only limited information is available about the algorithms and modelling behind ChatGPT, which makes it difficult . An overwhelming 90 per cent of its active users are under the age of 25. We disclaim any obligation to update forward-looking statements, except as required by law. 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. Register in seconds and access exclusive features. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. Airnow. The freight forwarder accepts the package on your behalf. When we do drops, its really hard to kind of nail down an aesthetic.. [14] Users can also follow other sellers, whose posts will appear in their feeds. ", 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. If y'all remember I posted how I got banned for hashtags that were FINE. [19][20] According to Taylor Lorenz of The Atlantic, Depop draws in Gen Z users through being easily accessible and having affordable prices, and much of its user base uses it to track trends in fashion. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Learn more about how Statista can support your business. As of today, Vinted is available in 15 countries. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. Fluidity extends beyond gender identity. To answer that, we must take a closer look at the two. 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. 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. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. I think for my generation it comes quite naturally Theres a lot more respect and open conversation., For Gen Z, the inspiration journey is never linear, Semple says. 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. Now, were assuming that you neither own a house there or do you have relatives living there, so how is this even possible? Depop is headquartered in London, England and Los Angeles, California. At Etsy, we promise to treat your data with respect and will not share your information with any third party. 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. How to Deliver Items from the Depop Online Store to Europe Its because theyre reliable, dont charge a bunch of taxes, and offer affordable rates. Decluttr is an online app that allows you to sell your used media. 2023 CNBC LLC. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. don't give up! LocationsView all. The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay. Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph]. That way youll receive all of your items together instead of one at a time. Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. Ship. Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. You must click the activation link in order to complete your subscription. According to positive reviewers, Depop allowed them to start their small business. For sellers, we offer a range of tools and services that address key business needs. It does come with fees and higher shipping costs. Popular sellers on the platform often go on to become social media influencers. 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. Email us at feedback@voguebusiness.com. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. 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. 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. Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. Once the package is received, the freight forwarder will ship the package directly to you in Europe. 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. 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 . 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. Those interested in submitting questions during the conference call can do so by using the Q&A chat window, which will be available during the webcast. "Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions)." Our company was founded in 2005 and is headquartered in Brooklyn, New York. Weve been a long time customer of MyUS, and weve never had any issues with their service. If you have several packages, MyUS can bundle the packages into one order. Alternatives to Depop. Then I sent them this. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. The Depop plan sets out a series of targets to hit by the end of 2021. Unfortunately, Depop doesnt ship directly to Europe. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. You can also email them at support@depop.com. Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. You can sign up for additional alert options at any time. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. uniexpressgt.com participates in various affiliate programs, and we sometimes get a commission through purchases made through our links. A lot of people in my generation have that set-up income from a few little baskets, he says. A sub for discussing all things Depop. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. 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. Depop payments are transferred directly to your PayPal account, and no intermediary is involved in handling transactions. With roughly 30 million registered users across nearly 150 countries,. 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. Etsy will host a live webcast conference call to discuss this acquisition at 8:30 a.m. Eastern Time today, which will be live-streamed via our Investor Relations website (investors.etsy.com) under the Events section. Press J to jump to the feed. This press release (including statements quoted in this press release) contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. As a Premium user you get access to background information and details about the release of this statistic. [6] Beckerman raised 1 million in funding in October 2013 from Red Circle Investment and brought on Faroese Runar Reistrup as new CEO. In addition, Etsy, Inc. owns Reverb, a leading global online marketplace dedicated to buying and selling new, used, and vintage musical instruments. On paper, Depop and Vinted offer the exact same services, connecting second-hand clothing sellers with buyers. 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. Platforms should cater for all levels of buyer and seller, says Depops Semple. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. To download the Depop mobile app, go to Google Play and click download. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. This is a fluid generation defying categorisation in every sense, Levato says. Please read rules before posting. DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Date of release is date of access.Figures have been rounded. Vinted operate differently, with money not being transferred to your account immediately after the purchase. Create an account to follow your favorite communities and start taking part in conversations. The site . The first difference is the market available. 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 are called 'Shop Policies,' stating whether you accept returns as a seller. And forget all about contacting their support. On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. Now They're Graduating", "Artefact In conversation with | Depop founder Simon Beckerman", "TechTalk con Simon Beckerman, Riccardo Donadon e Paolo Barberis su Depop, la startup diventata unicorno", "Social Shopping App Depop Raises $8M, Hires Ex-Reddit GM To Break Into US Market", "The Entrepreneur: Runar Reistrup, Depop", "Depop, a social app targeting millennial and Gen Z shoppers, bags $62M, passes 13M users", "Etsy Buys Depop, Fashion Resale Site Popular With Gen Z, for $1.6 Billion", "Etsy is buying the fashion resale app Depop for $1.6 billion", "Etsy is acquiring UK-based social selling site Depop for $1.625B in a mostly cash deal", "All Those Millennials Can't Be Wrong: Why Depop Just Might Change the Way You Shop", "Why Teens Are Selling Clothes Out of Their Closets", "Etsy targets Gen Z shoppers with $1.6 billion Depop acquisition", "9 Celebs With Depop: The Millennial Thrift Shop", "United States B2C Ecommerce Market Report 2022: Market is Expected to Grow by 11.80% to Reach $1,574.5 Billion in 2022 - Forecasts to 2026", "Depop Is the New Instagram but Not in a Good Way", "Depop: Can pre-loved clothes make fast fashion sustainable? When it comes to newness, this generation has a new lens through which they see new.. Depop | Buy & Sell Clothing on the App Store This app is available only on the App Store for iPhone. 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. One user even commented that they were able to receive payments fast. Phone: (718) 880-3660. p:718 880-3660. A paid subscription is required for full access. Up to 140,000 new listings every day. 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. It's a bit more buyer-friendly, encouraging users to make quick transactions and enabling them that by intuitive and straightforward service. Its sustainability plan is built around the UN's Global Goals, the 17 objectives designed to tackle the systemic causes of extreme poverty, including the climate crisis and inequity. 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. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. Since Depop has attracted young people, you can expect a lot of clothing and other items to be approved by the millenials. Users can buy and sell clothing, accessories, and beauty products. You can also save money on shipping by using Packlink to compare couriers and find the most cost-efficient solution. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. Like Depop, eBay charges a commission of 10% on all the items sold. Its marketplace connects over 21 million users, selling, buying, and exchanging second-hand clothes and accessories. Profit from the additional features of your individual account. 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. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. 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 also works as an intermediary between sellers and buyers, helping resolve issues. 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. . 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. Unfortunately, yes. Others were also unhappy with the customer service describing it as unresponsive. Its important to have cultural fluidity, she says. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. Depop is a peer-to-peer social shopping app based in London that first launched in 2011. [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. View original content:http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. The Company's primary marketplace, Etsy . by Jerret West, CVP Gaming Marketing, Xbox Feb 28, 2023 @ 12:01am. Please see our privacy policy for more information. Depop is powered by young influencers like 20-year-old Moira Campos who is one of Depop's top sellers. Subscribe to receive weekly Side Hustle recommendations. About Depop Our leadership Facts and figures. Does the Depop online store ship items overseas to Europe? <br><br>In the year between finishing my undergraduate degree and beginning my postgraduate studies, I completed as many contract internship . It's also recommended to refresh and bump your listings for them to stay at the top of the search. She has about 40,000 followers, and selling clothes online has become a full-time job for her. 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. 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. Take up to four photos. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. Depop should know. But let's talk about differences. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. Vinted is more transactional. Get Potential buyers to make bids for the item and agree on the final price. 26M+ registered users over 150 countries. Depop is a place for anyone to discover and . 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. It also gives the online marketplace a bigger footprint in fashion resale. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. Place your item in a box or shipping envelope, available at office supply stores or the post office. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. 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. Depop is powered by a team of around 400 people, dedicated to our mission of fashion for a better future. Vinted, for instance, is generally more focused on the transactional side. This type of service is called Freight Forwarding. Etsy CEO Josh Silverman called the start-up the"resale home for Gen Z consumers. 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. Both apps also target slightly different audiences. 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.