"Monthly Active Users (Mau) of The Depop App in The United Kingdom (Uk) from January 2018 to October 2021 (in Millions). Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through. Investor Relations Contact: Etsy, Deb Wasser, Vice President, Investor Relations and ESG Engagement: dwasser@etsy.comor Etsy, Gabe Ratcliff, Director, Investor Relations: gratcliff@etsy.com, Media Relations Contact:Etsy, Kelly Clausen, Senior Director, Corporate Communications: press@etsy.com, Cautionary Statement Regarding Forward-Looking Statements. Depop is a peer-to-peer social shopping app based in London that first launched in 2011. June 2, 2021. Get paid for the item and start the shipping process. You must click the activation link in order to complete your subscription. A paid subscription is required for full access. don't give up! Etsy's mission is to keep commerce human, and we're committed to using the power of business to strengthen communities and empower people. Ship. 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. Why do we think MyUS is the best? Its important to have cultural fluidity, she says. As in most cases, it depends. Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. [4] Its headquarters were moved to London in 2012. Etsy expects to finalize the deal by the third quarter of 2021. 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. Date of release is date of access.Figures have been rounded. Depop's beginnings were also relatively humble. Now, were assuming that you neither own a house there or do you have relatives living there, so how is this even possible? Thrift stores, in the Poway area, are pretty cheap. This is a fluid generation defying categorisation in every sense, Levato says. Airnow. [3] Paolo Barberis and Nana Bianca were two of the first investors in the platform in 2012 with a seed investment. Algeria. Essentially, youll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. And forget all about contacting their support. 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. Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. This press release (including statements quoted in this press release) contains forward-looking statements within the meaning of the federal securities laws. . Available everywhere. If you have several packages, MyUS can bundle the packages into one order. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. Please read the full Terms of use and Privacy Policy. If you look around online, youll find a bunch of companies in the U.S. offering physical United States addresses to customers located overseas. Depop is a place for anyone to discover and . Describe what you're selling. Therefore, Vinted might be a better choice for a casual seller interested in making some extra money. 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. ", 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. Weve been a long time customer of MyUS, and weve never had any issues with their 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. 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 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. Then I sent them this. Discover unique fashion. Sell. Unfortunately, Depop doesn't ship directly to Europe. Company summary. 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. Both apps also target slightly different audiences. [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]. Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. 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. Up to 140,000 new listings every day. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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. "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," Silverman said in a statement Wednesday. ", 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.". Available on Android and iOS (free) Another great app for the starving student! Depop is a legitimate app that allows sellers and buyers to trade their items hence not a scam. 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. It allows users to buy and sell items, most of which are used and vintage pieces of clothing. my buyer. But let's talk about differences. Its not so long ago that many people wouldnt have thought of themselves as potential resellers, he says. Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. When we do drops, its really hard to kind of nail down an aesthetic.. Tom Evans says Depop has become his primary source of income. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. Data is a real-time snapshot *Data is delayed at least 15 minutes. Please do not hesitate to contact me. Depop has evolved to become the community-powered fashion marketplace to buy and sell unique fashion, with approximately 30 million registered users in more than 150 countries. Bahrain. You can unsubscribe anytime. 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. <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. Subscribe to receive weekly Side Hustle recommendations. Press J to jump to the feed. One user even commented that they were able to receive payments fast. Poshmark is currently only available in the United States, Canada, Australia, India, and the United Kingdom. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. BROOKLYN, NY 11201 United States. Type Subsidiary . That said, you can expect to ship your items at lower prices when using Vinted. You can unsubscribe at any time. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. The first difference is the market available. 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. 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. The Depop plan sets out a series of targets to hit by the end of 2021. Press question mark to learn the rest of the keyboard shortcuts. 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. I agree to receive your newsletter. Get the item and o rate your experience with the seller. [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. Popular sellers on the platform often go on to become social media influencers. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. You can also save money on shipping by using Packlink to compare couriers and find the most cost-efficient solution. However, these can be dealt with by using Packlink to find the cheapest parcel delivery service. Whether they find something online and then go to an in-store event, Gen Z want complete fluidity between the physical and digital world of brands, even if they interact with the brand through a third-party retailer, says Bains Federica Levato. There are plenty of resources available to help you cleared up any questions you may have. [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. 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 is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. 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. How do you just dip in and dip out and find what you need to sell quickly, sell simply and sell easily and then carry on with your life?. 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. 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. [8][bettersourceneeded], In June 2019, Depop raised $62 million in Series C from General Atlantic to fund its expansion. 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. The platform is very similar to other online marketplaces like eBay, Facebook Marketplace, Mercari, or Poshmark. As you can see, while looking practically identical at first glance, Depop and Vinted are two sides of the same coin. By Lisa Lacy. For Gen Z, the trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. Its because theyre reliable, dont charge a bunch of taxes, and offer affordable rates. It's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. By providing your email address below, you are providing consent to Etsy to send you the requested Investor Email Alert updates. 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 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. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Unfortunately, yes. 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. 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 peer-to-peer social shopping app. Get this delivered to your inbox, and more info about our products and services. 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. With roughly 30 million registered users across nearly 150 countries,. They come to Depop for the clothes, but stay for the culture. Ticker: ETSY. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. You can sign up for additional alert options at any time. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. 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. [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. Depop boasts approximately 30 million registered users across 150 countries. Make sure your clothing is the focal point of the picture by keeping the . That leads us to the question, which of these two reselling platforms is better? The app is also meant for buyers looking for items they can buy. From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. Accessed March 04, 2023. https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Airnow. 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. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. It is largely targeted at Gen Z shoppers In an age of financial uncertainty, young people are taking finances into their own hands. 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. While some users complained of poor customer service, Depop can help you make extra money online. We disclaim any obligation to update forward-looking statements. The only thing that I would change are the "plus . 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. Forward-looking statements include all statements that are not historical fact. Previous investors HV Holtzbrinck Ventures, Balderton Capital, Creandum, Octopus Ventures, TempoCap and Sebastian Siemiatkowski also participated. More so, what you earn on Swappa depends on the item you are selling and its condition. $1 Billion made by the Depop community to date. Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. 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). And it doesn't look like there's a way to list items from a computer. Its a fairly common question we often see asked, and the answer isnt all that clear. In, Airnow. 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. Depop does not offer other ways to make money apart from selling items such as clothes, shoes, and other items. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. Founded in 2011, Depop has attracted mainly younger users thanks to its social media savvy. 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. It really makes us think about, how do we serve these journeys? Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Leading fashion e-commerce companies worldwide 2022, by market cap, EV/EBITDA of leading fashion e-commerce companies worldwide 2021-2023, Global consumers reasons for returning clothes bought online 2021, Main online impulse purchases worldwide 2022, by gender. However, we have a pretty simple solution that gets around this restriction. Etsy CEO Josh Silverman called the start-up the"resale home for Gen Z consumers. 22. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. 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. Depop is the app for you . The freight forwarder accepts the package on your behalf. When it comes to newness, this generation has a new lens through which they see new.. Learn more about how Statista can support your business. Dont worry, youre not going to need to splash out on a property, there is a much cheaper solution. While no seller likes to pay fees, they are integral to online selling. The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. It's easy to get started - just create an account to start selling. 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. The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay. The default refresh interval is a random number between 1 and 3 seconds. 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.
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