what countries is depop available in
Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. Countries. Sellers can set up their Depop shop and quickly list . Got a confidential news tip? statistic alerts) please log in with your personal account. 2023 CNBC LLC. The benefit of this service is you can order from anywhere in the United States and get your items shipped to Europe. 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. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. But their interest in secondhand clothes also has significance beyond save-the-planet instincts. As a Premium user you get access to the detailed source references and background information about this statistic. Get the item and o rate your experience with the seller. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. depop.com Traffic Analytics & Market Share | Similarweb 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. Here in the United States, it doesn't. Here are some vital facts and figures about how Depop works today. After submitting your request, you will receive an activation email to the requested email address. Press J to jump to the feed. [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. 147. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. All Rights Reserved. funds from depop transaction still on hold despite - PayPal Community 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. [16] Celebrities have resold their own items on Depop, with some donating proceeds to charitable causes. Depop is a reliable website that allows you to buy and sell items. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. Phones,laptops,wearables,Tablets,video games, Electronic, fashion,health, and beauty products, No limit to the type of products you can sell. ETSY. The website was launched in 2011 as a social network for PIG magazine readers wanting to buy featured items. Fluidity extends beyond gender identity. In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. 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. Etsy to acquire global fashion resale marketplace Depop 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. Why do we think MyUS is the best? Swappa also focuses on used electronics compared to Depop, which deals in clothing, shoes, and other streetwear. Following the close of this transaction, Etsy Inc. will operate three highly differentiated, non-commoditized and loved ecommerce brands: Etsy, Reverb, and Depop. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. Unfortunately, Depop doesnt ship directly to Europe. While no seller likes to pay fees, they are integral to online selling. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. The first difference is the market available. People want the opportunity to buy and sell, but also they want this inspirational layer and entertainment through their experiences.. Depop | LinkedIn Etsy Shells Out $1.6B to Buy Depopand to Reach Gen Z - Adweek Bahrain. It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. Pop-Tarts x Depop is Here For Fashion and Food Fans Craving Unique Resale has emerged as a popular side-hustle; Depop and social media allow Gen Z to cultivate their businesses in a non-traditional and deeply personal way. Depop's beginnings were also relatively humble. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. depop settings on computer While some users complained of poor customer service, Depop can help you make extra money online. Sign up for free newsletters and get more CNBC delivered to your inbox. 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). Essentially, youll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. A lot of people in my generation have that set-up income from a few little baskets, he says. Business Summary. [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 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. The app has over 10 million users and is available in over 100 countries. 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. . However, while both apps provide practically the same services, they differ in a few key areas. Depop - buy, sell, discover unique fashion Log in Menswear Womenswear Jewellery Beauty More Brands Top searches Find your style Shop the biggest brands you know and love. Company summary. It also gives the online marketplace a bigger footprint in fashion resale. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through. Place your item in a box or shipping envelope, available at office supply stores or the post office. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. Depop is powered by young influencers like 20-year-old Moira Campos who is one of Depop's top sellers. 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. Then I sent them this. The Depop plan sets out a series of targets to hit by the end of 2021. The freight forwarder accepts the package on your behalf. Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. Items are usually secondhand or homemade. And it doesn't look like there's a way to list items from a computer. Depop is headquartered in London, England and Los Angeles, California. Online marketplace Etsy announced . 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. Gen Z, the next wave of luxury consumers, are a fluid generation who crave flexibility and think secondhand clothes are cool, according to new research by Depop, produced in collaboration with consultancy Bain. As of today, Vinted is available in 15 countries. Its a fairly common question we often see asked, and the answer isnt all that clear. 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. Forward-looking statements represent our beliefs and assumptions only as of the date hereof. 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. Etsy expects to finalize the deal by the third quarter of 2021. 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. ", 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. [Online]. Others were also unhappy with the customer service describing it as unresponsive. I agree to receive your newsletter. A replay of the video webcast will be available through the same link following the conference call starting at 10:30 a.m. Eastern Time today for at least three months thereafter. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. 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.". You must click the activation link in order to complete your subscription. 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. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. 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. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. Y, 2019. Job Backend Engineer (Martech) - Depop We're a community that inspires and connects our users." 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. Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. You need at least a Starter Account to use this feature. The only thing that I would change are the "plus . Etsy to acquire global fashion resale marketplace Depop As covered, Vinted connects 21 million users worldwide, operating in 15 countries. 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 . How the Depop generation thinks | Vogue Business Facts and figures | Depop Newsroom It was established in 2011 by Simon Bekerman and now has over 15 million . Available on Android and iOS (free) Another great app for the starving student! Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. Selling on Poshmark vs. Selling on Depop - Vendoo Here are eight brands that have collaborated with Depop to creatively reach young shoppers as they're shopping secondhand: Papa John's Food brands have been making their own merch to connect with young consumers for quite some time, and Papa John's has put their own spin on the marketing trend. We disclaim any obligation to update forward-looking statements, except as required by law. 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. Since Depop has attracted young people, you can expect a lot of clothing and other items to be approved by the millenials. Phone: (718) 880-3660. p:718 880-3660. Access to this and all other statistics on 80,000 topics from, Show sources information About Depop Our leadership Facts and figures. Others also described the platform as an easy-to-use selling platform. As a mobile app, it is available on iOS and Android platforms. Ship. 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?. Poshmark is available in the U.S., Canada, India, and Australia, but at this time Poshers cannot buy or sell outside of their country. You can unsubscribe at any time. Essentially, the more you engage, be it by liking items, listing products, following other users, etc., the more sales you're likely to generate. [6] Beckerman raised 1 million in funding in October 2013 from Red Circle Investment and brought on Faroese Runar Reistrup as new CEO. Depop should know. When it comes to newness, this generation has a new lens through which they see new.. How to Deliver Items from the Depop Online Store to Europe This button displays the currently selected search type. i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. You can change the interval in the system settings. [14] Users can also follow other sellers, whose posts will appear in their feeds. Depop is a social shopping app that has been described as a mix of eBay and Instagram. How to sell. UK: Depop app monthly active users 2021 | Statista ", 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. SourceForge ranks the best alternatives to Depop in 2022. 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. They come to Depop for the clothes, but stay for the culture. ", 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.". eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. This type of service is called Freight Forwarding. 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. 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. 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. The stock was up about 6.7% Wednesday afternoon. 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. to incorporate the statistic into your presentation at any time. 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 Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. To receive the Vogue Business newsletter, sign up here. Etsy to acquire global fashion resale marketplace Depop Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. ". Discover unique fashion. Sky warns: "Don't let your photo be more distracting than the product you're selling.". 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. Test out different poses. $1 Billion made by the Depop community to date. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Unfortunately, yes. From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. It allows users to buy and sell items, most of which are used and vintage pieces of clothing. Pay for the item, tell the seller where to ship it, and pay for it. By Lisa Lacy. The platform is very similar to other online marketplaces like eBay, Facebook Marketplace, Mercari, or Poshmark. I always say we owe ourselves authenticity. Depop is a popular second-hand fashion marketplace app with a global community of buyers and sellers. OpenAI explain why some countries are excluded from ChatGPT Download PDF. Depop is expected to be accretive to Etsy's top line growth rate and modestly dilutive to Etsy's adjusted EBITDA margin. Etsy is buying Gen Z-focused fashion resale app Depop for $1.62 billion A copy of the presentation that will be covered on the conference call will also be posted to our website. --Etsy, Inc., 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. The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay.