Depop, on the other hand, while having a user base of over 26 million, is only available in 6 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. Deb Wasser Forward-looking statements include all statements that are not historical fact. Essentially, you'll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. However, while the idea behind the two is similar, there are some key differences between Vinted and Depop. 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. Depop, for example, charges its sellers 10% of each sale plus the possible PayPal fee for one's country. The Company's primary marketplace, Etsy . 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. Tom Evans says Depop has become his primary source of income. Its not so long ago that many people wouldnt have thought of themselves as potential resellers, he says. "To some degree, we have a closer relationship with Gen Z . 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. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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's nothing else than a standard return policy where buyers can return items that might be damaged, missing, or cancelled. ", 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. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. 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. The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. Comments, questions or feedback? 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. Why do we think MyUS is the best? don't give up! 147. On this Wikipedia the language links are at the top of the page across from the article title. On paper, Depop and Vinted offer the exact same services, connecting second-hand clothing sellers with buyers. Here are some vital facts and figures about how Depop works today. 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. 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. With a website and apps available on both iOS and Android, Depop promises to be an online shopping. Whatever you're into, find the item and the seller for you on Depop. <br><br>In the year between finishing my undergraduate degree and beginning my postgraduate studies, I completed as many contract internship . If you think about selling your old clothes online, two reselling apps immediately spring to mind - Vinted and Depop. <br><br>I have demonstrated skills and experience in public relations, fashion marketing, and fashion communications. 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. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. That presents a challenge for Depop. OLIO. It is largely targeted at Gen Z shoppers 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. Following the closing of the transaction, currently anticipated to occur during the third quarter of 2021, Depop will continue to be headquartered in London, England and operate as a standalone marketplace run by its existing leadership team. 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. [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. Aria says it's because Depop is about people, not just about the item being sold "We're not just a platform for people to buy and sell. While no seller likes to pay fees, they are integral to online selling. Etsy expects to finalize the deal by the third quarter of 2021. Essentially, the more you engage, be it by liking items, listing products, following other users, etc., the more sales you're likely to generate. Depop is not available in some countries from summer (I cant remember exact month when this happened). Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. Get full access to all features within our Business Solutions. A 2020 Hulu study found 75 per cent of Gen Z respondents rejected easy categorisation of their race, gender or sexuality, while 60 per cent felt their identity was linked to a broad mix of factors, including race, culture and language. 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 vintage items are also great since fashion often brings back past trends from time to time. 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. Weve been a long time customer of MyUS, and weve never had any issues with their service. Enter your username, password, and country, Connect your Depop account to your PayPal address, No limit to to the type of products you can sell, 2 days to ship the item after getting paid, High user traffic over 187 million users, Promote your listing from as little as 1%. It allows users to buy and sell items, most of which are used . . Unlike Depop sellers, Vinted sellers don't pay any fees. 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. As of today, Vinted is available in 15 countries. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. to incorporate the statistic into your presentation at any time. While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. Which one is better, though? [16] Celebrities have resold their own items on Depop, with some donating proceeds to charitable causes. With 4 million active buyers and 2 million . More so, what you earn on Swappa depends on the item you are selling and its condition. Please do not hesitate to contact me. The first difference is the market available. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. Its important to have cultural fluidity, she says. Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. 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 Vinted also works as an intermediary between sellers and buyers, helping resolve issues. After submitting your request, you will receive an activation email to the requested email address. 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. hi! Forward-looking statements represent our beliefs and assumptions only as of the date hereof. 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. Got a confidential news tip? Both apps also make it very easy to post your items. Take a picture of the item, describe it, set a price for it, and post. As soon as this statistic is updated, you will immediately be notified via e-mail. I always say we owe ourselves authenticity. Vinted, for instance, is generally more focused on the transactional side. Its a fairly common question we often see asked, and the answer isnt all that clear. As a Premium user you get access to background information and details about the release of this statistic. Please see our privacy policy for more information. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Vinted and Depop have different payment policies. Like Depop, Swappa pays via PayPal. Moreover, we operate in a very competitive and rapidly changing environment. Both platforms are dominant forces, connecting 21 and 26 million users worldwide, respectively. [6] Beckerman raised 1 million in funding in October 2013 from Red Circle Investment and brought on Faroese Runar Reistrup as new CEO. Email us at feedback@voguebusiness.com. 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. Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph]. Use Ask Statista Research Service. Business Summary. MyUS is one of the best freight forwarders available and its our favorite. 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. 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. However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. According to positive reviewers, Depop allowed them to start their small business. 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). An overwhelming 90 per cent of its active users are under the age of 25. Its report, released this Monday, unpacks Gen Zs collective behaviours in a pandemic world and beyond. 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.". A sub for discussing all things Depop. 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. 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. The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). 26M+ registered users over 150 countries. Learn more about how Statista can support your business. Depop promises not to share your details with third parties. What are the Other Ways to Make Money on Depop? Depop's mission statement is "to change the way people buy, sell and think about fashion." Is Depop second hand? Then you can access your favorite statistics via the star in the header. Since Depop has attracted young people, you can expect a lot of clothing and other items to be approved by the millenials. What distinguishes Depop from Vinted is its emphasis on social features, working as a social network app in addition to being a reselling marketplace. 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. [Online]. To answer that, we must take a closer look at the two. 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. Market leadership, with authentic, organic brand traction: Depop deepens our reach into the Gen Z consumer, with differentiated brand strength, strong user engagement and unit economics. DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. You can also email them at support@depop.com. Depop payments are transferred directly to your PayPal account, and no intermediary is involved in handling transactions. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. Make sure your clothing is the focal point of the picture by keeping the . [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. 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? 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. 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. Unfortunately, some users complained that the platform would hold your money for a long time before closing your accounts. Decide your price. . 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. If you have several packages, MyUS can bundle the packages into one order. On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. Compare Depop alternatives for your business or organization using the curated list below. Countries. To use individual functions (e.g., mark statistics as favourites, set 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. 12.9% of the sale price or lower, plus $0.30 per order. These are called 'Shop Policies,' stating whether you accept returns as a seller. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. Unfortunately, yes. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. Last month [object Object] was the top country sending desktop traffic to depop.com - click below to discover all countries Top Countries United States 49.04% 1.30% United Kingdom 24.80% 4.06% Australia 8.56% 15.40% Canada 2.74% 0.35% Italy 1.27% 13.93% Others 13.60% See all countries depop.com Audience Demographics You can only download this statistic as a Premium user. 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. By providing your email address below, you are providing consent to Etsy to send you the requested Investor Email Alert updates. 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. Decluttr is an online app that allows you to sell your used media. Depop is powered by a team of around 400 people, dedicated to our mission of fashion for a better future. The only thing that I would change are the "plus . Depop's 2020 gross. [6] Most active users of Depop are located in the United Kingdom, Australia, United States and Italy. The app is currently available only in European countries, but it's expected to soon be available in the US too. As in most cases, it depends. Depop is the app for you . People want the opportunity to buy and sell, but also they want this inspirational layer and entertainment through their experiences.. While some users complained of poor customer service, Depop can help you make extra money online. Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. Sell. ", 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. Depop is the marketplace where you can explore your style. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. Depop is powered by young influencers like 20-year-old Moira Campos who is one of Depop's top sellers. Data is a real-time snapshot *Data is delayed at least 15 minutes. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. A paid subscription is required for full access. November 8, 2021. If you look around online, youll find a bunch of companies in the U.S. offering physical United States addresses to customers located overseas. New risks emerge from time to time. Sure, both platforms offer similar services, but their approach is different. 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. [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. 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. As a Premium user you get access to the detailed source references and background information about this statistic. As a mobile app, it is available on iOS and Android platforms. Depop is a peer-to-peer social shopping app based in London that first launched in 2011. This partly refers to self-identity. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. An overwhelming 90 per cent of its active users are under the age of 25. Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. About Depop Our leadership Facts and figures. Depop boasts approximately 30 million registered users across 150 countries. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. Company summary. 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. With roughly 30 million registered users across nearly 150 countries,. 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.