We're excited to build a 'house of brands' where the whole is greater than the sum of its parts.". Some 75 per cent of Depop sellers also buy from the platform, an ecosystem that allows them to straddle the worlds of the consumer and of business however they wish, says Semple. 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. As a mobile app, it is available on iOS and Android platforms. (November 8, 2021). Now imagine if someone came through and bought a pair of pants for $12 . All Rights Reserved. Depop is a peer-to-peer social shopping app. How the Depop generation thinks | Vogue Business Depop is a website and mobile app available in over 150 countries with over 26 million active users. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. In some cases, forward-looking statements can be identified by terms such as anticipate, believe, could, enable, estimate, expect, goal, intend, may, outlook, plan, potential, target, will, or similar expressions and derivative forms and/or the negatives of those words. Depop Resellers: Is It Ethical? - The Iliad We want to hear from you. Both apps also make it very easy to post your items. You then use this address for your deliveries, and theyll automatically forward them to your home country. The freight forwarder accepts the package on your behalf. 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. 4 locations detected. 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. The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. Commercial Credit Report for Etsy Inc - Report Preview r/Depop - What countries outside UK is Depop popular in? How is it Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In an age of financial uncertainty, young people are taking finances into their own hands. If you have several packages, MyUS can bundle the packages into one order. . ", 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.". 6) The app must also have an express courier function, home collection/delivery, users can do everything without leaving home. Disclosure. Founded in 2011, Depop has its headquarters in London and offices in Manchester, New York, Los Angeles and Sydney with 400 employees dedicated to helping build a new fashion system that's kinder. Depop - Wikipedia For Gen Z, the trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. Register in seconds and access exclusive features. The benefit of this service is you can order from anywhere in the United States and get your items shipped to Europe. Accessed March 04, 2023. https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Airnow. You can unsubscribe anytime. And forget all about contacting their support. 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. In 2021, Depop was acquired by Etsy for $1.6 billion. Compare Depop alternatives for your business or organization using the curated list below. To download the Depop mobile app, go to Google Play and click download. Depop, for example, charges its sellers 10% of each sale plus the possible PayPal fee for one's country. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Depop is a peer-to-peer social shopping app based in London that first launched in 2011. Etsy expects to share more information in conjunction with its second quarter 2021 financial results. Vinted, for instance, is generally more focused on the transactional side. 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. Young people buy clothes online - level 3 - News in Levels For Semple, physical events remain hugely relevant. Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. That presents a challenge for Depop. Depop has around 30 million users in over 150 countries, the majority of whom are young people. Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. "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. 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 Summary. Posting and selling using the platform are completely free, and the buyer pays the fees associated with the sale. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. Depop - Start Selling Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. Users can buy and sell clothing, accessories, and beauty products. What are the Other Ways to Make Money on Depop? With 4 million active buyers and 2 million . Then you can access your favorite statistics via the star in the header. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. 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. In light of such risks, readers are cautioned not to place undue reliance on such forward-looking statements. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. i just wanted to ask if depop is not available in all countries As soon as this statistic is updated, you will immediately be notified via e-mail. . DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. Prices for clothing range from $3-$15. Available everywhere. What Is Depop? Everything You Need to Know About the Resale App Selling on Poshmark vs. Selling on Depop - Vendoo Create an account to follow your favorite communities and start taking part in conversations. To use individual functions (e.g., mark statistics as favourites, set To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. It's also recommended to refresh and bump your listings for them to stay at the top of the search. Instead, the app uses an escrow service that holds the money in your Vinted wallet until the buyer gets and accepts the item. 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. A paid subscription is required for full access. Platforms should cater for all levels of buyer and seller, says Depops Semple. Access to this and all other statistics on 80,000 topics from, Show sources information OLIO. - 30M+ registered users in over 150 countries - 32M+ items are available for sale on Depop - $1 Billion made by the Depop community to date How to join Depop November 8, 2021. [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. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. If you think about selling your old clothes online, two reselling apps immediately spring to mind - Vinted and Depop. Online marketplace Etsy announced . ETSY. The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay. These are called 'Shop Policies,' stating whether you accept returns as a seller. 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. You can also email them at support@depop.com. Today, Depop is a place where millions of users come to celebrate their style and discover culture. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. Vinted operate differently, with money not being transferred to your account immediately after the purchase. Etsy to acquire global fashion resale marketplace Depop It must've been cuz I mentioned the BBB. ", "Is Depop being gentrified? ", 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. Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. On paper, Depop and Vinted offer the exact same services, connecting second-hand clothing sellers with buyers. 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 . Etsy CEO Josh Silverman said the company was "thrilled" to be adding what it believes to bethe"resale home for Gen Z consumers" to Etsy. This presentation contains forward-looking statements within the meaning of the federal securities laws. Therefore, Vinted might be a better choice for a casual seller interested in making some extra money. Depop is a reliable website that allows you to buy and sell items. 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. Men's Black and Blue Trainers | Depop In the 2000's, eBay went on a spending spree that saw it taking ownership of PayPal, Skype and Stubhub, although it has since relinquished ownership of all three businesses. The Best Depop Bots of 2022: The Ultimate Guide - oneshop.com The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. Forward-looking statements include all statements that are not historical facts. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. The app has over 10 million users and is available in over 100 countries. 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. An overwhelming 90 per cent of its active users are under the age of 25. 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%. Here are some vital facts and figures about how Depop works today. "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.