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. Alternatives to Depop. Skepta Nike Air Max Plus, SK Air Blue Tailwind Size: UK 8.5 Condition / info: 10/10 Condition, Worn A Handful Of Times perfect condition PLEASE READ International Shipping is available for all countries UK 48 Tracked Royal Mail Shipping to all UK orders Items are shipped within 48 hours Guaranteed All of our items are second hand unless stated otherwise. Its because theyre reliable, dont charge a bunch of taxes, and offer affordable rates. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. [8][bettersourceneeded], In June 2019, Depop raised $62 million in Series C from General Atlantic to fund its expansion. ", 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 headquartered in London, England and Los Angeles, California. You have successfully joined our subscriber list. 6) The app must also have an express courier function, home collection/delivery, users can do everything without leaving home. 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. As of today, Vinted is available in 15 countries. Chart. The app has over 10 million users and is available in over 100 countries. The Company's primary marketplace, Etsy . . You can then. Phones,laptops,wearables,Tablets,video games, Electronic, fashion,health, and beauty products, No limit to the type of products you can sell. Decide your price. To some degree, we have a closer relationship with Gen Z than almost any other institution in the world at scale, says Depop chief brand officer Peter Semple. 26M+ registered users over 150 countries. How do you do the magic of taking people on the algorithmically understood journey of things they might be looking for, but then continually inject inspiration and surprise?. 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. 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. Please see our privacy policy for more information. "Monthly Active Users (Mau) of The Depop App in The United Kingdom (Uk) from January 2018 to October 2021 (in Millions). Poshmark is available in the U.S., Canada, India, and Australia, but at this time Poshers cannot buy or sell outside of their country. Kasera has had a long career in personal finance having spent over 5 years working as a financial advisor directly with CEOs, business owners, and entrepreneurs. As people are given access to so many different types of inspiration, whether its peer-to-peer or the mix of influence you can get from each type of influential figure, each individual is fluid in their style, their self-expression., Hadiyah Hussain communicates her South Asian culture through her brand on Depop, which features screen-printed pieces for all genders and sizes. This means that you will need a U.S., Canada, Australia, India, or UK billing and shipping address, as well as a U.S., Canada, Australia, India, or UK internet provider (IP) address. Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. Compare Depop alternatives for your business or organization using the curated list below. Vinted operate differently, with money not being transferred to your account immediately after the purchase. Both apps implement slightly different structures, with Depop having a more 'social' feel, with buyers scrolling through listings like they were using Instagram or Facebook. Depop is not available in some countries from summer (I cant remember exact month when this happened). Swappa is a peer-to-peer marketplace that allows you to sell and buy used electronics. 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. The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. Show publisher information Business Summary. Depop proudly states that 90 percent of its active users are under 26. 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. If you experience any issues with this process, please contact us for further assistance. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Forward-looking statements include all statements that are not historical fact. Our company was founded in 2005 and is headquartered in Brooklyn, New York. A Division of NBCUniversal. Depop is a legitimate app that lets sellers sell items and buyers buy items; hence not a scam. Please create an employee account to be able to mark statistics as favorites. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. Using a Vinted or Depop app, users can sell, buy, or exchange their used clothes. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Depop's GMS grew at a compounded annual growth rate of nearly 80% from 2017-2020. OpenAI explain why some countries are excluded from ChatGPT Download PDF. If you have several packages, MyUS can bundle the packages into one order. Depop is expected to be accretive to Etsy's top line growth rate and modestly dilutive to Etsy's adjusted EBITDA margin. . 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 It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. [14] Users can also follow other sellers, whose posts will appear in their feeds. If you are an admin, please authenticate by logging in again. Depop's world-class management team and employees have done a fantastic job nurturing this community and driving organic, authentic growth in a way that aligns well with Etsy's DNA and mission of Keeping Commerce Human. Depop is a legitimate app that allows sellers and buyers to trade their items hence not a scam. 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 . , Aug 2, 2022 London-based social shopping platform app Depop was highly benefited by the e-commerce boom during the COVID-19 pandemic. Create an account to follow your favorite communities and start taking part in conversations. Depop's 2020 gross. The company will send a six-digit code that you can use to verify your account. 90% of Depop's active users are under the age of 26.Depop. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. don't give up! Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. We disclaim any obligation to update forward-looking statements. 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. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. Poshmark is currently only available in the United States, Canada, Australia, India, and the United Kingdom. i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. Comments, questions or feedback? Get full access to all features within our Business Solutions. Depop is a social shopping app that has been described as a mix of eBay and Instagram. The network currently has more than 15 million users in 147 countries, skewed heavily towards those aged under 26, with plans to expand across Europe and Asia. In addition, Etsy, Inc. owns Reverb, a leading global online marketplace dedicated to buying and selling new, used, and vintage musical instruments. And it doesn't look like there's a way to list items from a computer. [Online]. Describe what you're selling. Etsy's mission is to keep commerce human, and we're committed to using the power of business to strengthen communities and empower people. Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. The marketplaces will operate independently, while benefiting from shared expertise in areas such as product, marketing, technology, and customer support. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. That presents a challenge for Depop. DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. Prices for clothing range from $3-$15. Then I sent them this. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. In 2021, Depop was acquired by Etsy for $1.6 billion. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. This presentation contains forward-looking statements within the meaning of the federal securities laws. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. New risks emerge from time to time. The default refresh interval is a random number between 1 and 3 seconds. Deb Wasser Ticker: ETSY. The only thing that I would change are the "plus . Vinted and Depop have different payment policies. Like Depop, eBay charges a commission of 10% on all the items sold. 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. This press release (including statements quoted in this press release) contains forward-looking statements within the meaning of the federal securities laws. 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. Decluttr is an online app that allows you to sell your used media. With 4 million active buyers and 2 million . Date of release is date of access.Figures have been rounded. 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. Since Depop has attracted young people, you can expect a lot of clothing and other items to be approved by the millenials. <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. Whatever you're into, find the item and the seller for you on Depop. This button displays the currently selected search type. Get this delivered to your inbox, and more info about our products and services. You can also email them at support@depop.com. Vinted, for instance, is generally more focused on the transactional side. 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. You can unsubscribe at any time. It caters to a variety of different fashion pieces such as designer, vintage, and streetwear. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 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. The app is currently available only in European countries, but it's expected to soon be available in the US too. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. 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. To receive the Vogue Business newsletter, sign up here. Users can pay for items using PayPal. 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. Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. 2023 CNBC LLC. Its not so long ago that many people wouldnt have thought of themselves as potential resellers, he says. Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. [16] Celebrities have resold their own items on Depop, with some donating proceeds to charitable causes. Get paid fast when your item sells. Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. Here are some vital facts and figures about how Depop works today. Forward-looking statements include all statements that are not historical facts. "To some degree, we have a closer relationship with Gen Z . Then you can access your favorite statistics via the star in the header. <br><br>I have demonstrated skills and experience in public relations, fashion marketing, and fashion communications. You can unsubscribe anytime. 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. That leads us to the question, which of these two reselling platforms is better? Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. Here in the United States, it doesn't. Others were also unhappy with the customer service describing it as unresponsive. However, these can be dealt with by using Packlink to find the cheapest parcel delivery service. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. We're excited to build a 'house of brands' where the whole is greater than the sum of its parts.". Etsy expects to finalize the deal by the third quarter of 2021. However, while both apps provide practically the same services, they differ in a few key areas. Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. It is largely targeted at Gen Z shoppers This is a fluid generation defying categorisation in every sense, Levato says. Sellers can set up their Depop shop and quickly list . 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. eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. statistic alerts) please log in with your personal account. As soon as this statistic is updated, you will immediately be notified via e-mail. The freight forwarder accepts the package on your behalf. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. "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. It's also recommended to refresh and bump your listings for them to stay at the top of the search. As a Premium user you get access to the detailed source references and background information about this statistic. 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 in most cases, it depends. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. One user even commented that they were able to receive payments fast. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Email us at feedback@voguebusiness.com. The platform's "Explore" page features items picked out by Depop staff. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. Today, Depop is a place where millions of users come to celebrate their style and discover culture. [15], Depop has garnered criticism from users and critics due to a number of its sellers buying clothes from thrift shops and reselling them for higher prices than they were purchased for. I'm trying to figure out an alternative atm 10 Shares our two-sided marketplace business model: Depop is a peer-to-peer marketplace with similar capital-light operating model and financial characteristics. Users can buy and sell clothing, accessories, and beauty products. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. 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. 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. Which one is better, though? 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. 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. Currently, you are using a shared account. Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. 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. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. 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. You can change the interval in the system settings. <u>Company Description</u><br><br>Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Why do we think MyUS is the best? Disclosure. If y'all remember I posted how I got banned for hashtags that were FINE. As Depop, which has 219 employees, struggles to police millions of users across multiple continents, the start-up is reckoning with dangers facing its young users that have plagued the internet since the early 1990s. Both apps also make it very easy to post your items. Dont worry, youre not going to need to splash out on a property, there is a much cheaper solution. ", "Is Depop being gentrified? Therefore, as a seller on Vinted, the buyers will expect you to offer a lower price for your products, as they are the ones covering all the fees. Depop is powered by a team of around 400 people, dedicated to our mission of fashion for a better future. Depop is the app for you . Others also described the platform as an easy-to-use selling platform. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. The Depop plan sets out a series of targets to hit by the end of 2021. however, despite it being 3-4 days since delivery (on the transaction info it actually says i should have gotten the money within 1 day of delivery), it still says my payment is on hold. 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. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. my buyer. [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]. Countries. Learn more about how Statista can support your business. Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. A sub for discussing all things Depop. Place your item in a box or shipping envelope, available at office supply stores or the post office. Depop's beginnings were also relatively humble. We disclaim any obligation to update forward-looking statements, except as required by law. 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. Test out different poses. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. Sign up to our newsletter for a truly global perspective on the fashion industry. Company summary. Depop, which first emerged from an Italian tech incubator in 2011, then established its headquarters in London, is a dark horse in the fashion ecom wars. Essentially, you'll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. This extends to how these generations view life and society, but also fashion.