You need at least a Starter Account to use this feature. Investor Relations Contact: Etsy, Deb Wasser, Vice President, Investor Relations and ESG Engagement: dwasser@etsy.comor Etsy, Gabe Ratcliff, Director, Investor Relations:, Media Relations Contact:Etsy, Kelly Clausen, Senior Director, Corporate Communications:, Cautionary Statement Regarding Forward-Looking Statements. 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. 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. 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. 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. Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. Depop is a reliable website that allows you to buy and sell items. In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. . You can sign up for additional alert options at any time. At Etsy, we promise to treat your data with respect and will not share your information with any third party. Get Potential buyers to make bids for the item and agree on the final price. Sellers and users weigh in on the debate", "Everyone's Favorite Thrifting App Favors Thin White Models",, Online marketplaces of the United Kingdom, Articles lacking reliable references from September 2021, Articles with unsourced statements from August 2022, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 23 February 2023, at 15:28. However, we have a pretty simple solution that gets around this restriction. Only limited information is available about the algorithms and modelling behind ChatGPT, which makes it difficult . As a Premium user you get access to background information and details about the release of this statistic. Depop allows its sellers to include rules buyers can see when scrolling through their posts. As for Vinted, they have a buyer's protection feature. Both apps also make it very easy to post your items. Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. statistic alerts) please log in with your personal account. By Lisa Lacy. While no seller likes to pay fees, they are integral to online selling. Subscribe to receive weekly Side Hustle recommendations. As you can see, while looking practically identical at first glance, Depop and Vinted are two sides of the same coin. Having a rating of 1.7 on, 3.3 on Trustpilot, and 1.7 on Sitejabber, the website has attracted both positive and negative reviews. 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. November 8, 2021. Weve been a long time customer of MyUS, and weve never had any issues with their service. According to positive reviewers, Depop allowed them to start their small business. On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. If you have several packages, MyUS can bundle the packages into one order. 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. Deb Wasser [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. If you experience any issues with this process, please contact us for further assistance. It's also recommended to refresh and bump your listings for them to stay at the top of the search. Depop is not available in some countries from summer (I cant remember exact month when this happened). Etsy will host a live webcast conference call to discuss this acquisition at 8:30 a.m. Eastern Time today, which will be live-streamed via our Investor Relations website ( under the Events section. This presentation contains forward-looking statements within the meaning of the federal securities laws. Ebay has a working international search so sellers aren't forced to do it, on depop you have to change your location manually to see listings from other countries. How to sell. From an enthusiasm for secondhand clothes to a sincere embrace of cultural fluidity, Generation Z are radically different to older demographic groups, according to wide-ranging research on their behaviours by Depop, the resale platform. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. Depop should know. The Depop plan sets out a series of targets to hit by the end of 2021. This type of service is called Freight Forwarding. But why Depop? 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. And forget all about contacting their support. Its a fairly common question we often see asked, and the answer isnt all that clear. 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. Sky warns: "Don't let your photo be more distracting than the product you're selling.". "Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions)." Ship. Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. SourceForge ranks the best alternatives to Depop in 2022. I agree to receive your newsletter. This partly refers to self-identity. <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. Press J to jump to the feed. It caters to a variety of different fashion pieces such as designer, vintage, and streetwear. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. 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). The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. 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. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. Etsy CEO on how $1.6 billion deal for Depop could help the company grow. Etsy CEO Josh Silverman called the start-up the"resale home for Gen Z consumers. 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. 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. Currently, you are using a shared account. We disclaim any obligation to update forward-looking statements, except as required by law. Sellers can set up their Depop shop and quickly list . Access to this and all other statistics on 80,000 topics from, Show sources information Depop, a social shopping platform based in the United Kingdom, has been experiencing a reduction in monthly app downloads. In November 2019, Business of Fashion reported that users within the Depop app were receiving sexually suggestive messages.[23]. Describe what you're selling. Its not so long ago that many people wouldnt have thought of themselves as potential resellers, he says. A paid subscription is required for full access. Thrift stores, in the Poway area, are pretty cheap. don't give up! my buyer. The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay. 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. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. Contact Data CONTACT: Laura Wood, Senior Press Manager For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For . 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. Unlike Depop sellers, Vinted sellers don't pay any fees. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. Depop Summary. Click here to view 60+ Websites to Sell Stuff. Sell. You can use it to browse listings by your neighbours and local shops with a surplus of food or other products. Countries. Y, 2019. Decide your price. The only pricey item I've found is a pantsuit that cost around $20. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. Sign up for free newsletters and get more CNBC delivered to your inbox. Here are some vital facts and figures about how Depop works today. (November 8, 2021). New risks emerge from time to time. LocationsView all. trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. Are you interested in testing our business solutions? Then you can access your favorite statistics via the star in the header. 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. It does come with fees and higher shipping costs. Expands our TAM in a large and fast-growing market, Well positioned to benefit from Etsy's expertise to, Chart. Like Depop, Swappa pays via PayPal. One user even commented that they were able to receive payments fast. 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. ", She added: "Our community is made up of people who are creating a new fashion system by establishing new trends and making new from old. 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. Get paid for the item and start the shipping process. 4 locations detected. 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. 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 Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The app is currently available only in European countries, but it's expected to soon be available in the US too. Depop is powered by young influencers like 20-year-old Moira Campos who is one of Depop's top sellers. Depop is designed for sellers who want to sell items such as clothing, shoes, clothes, vintage clothes and items, and cheap streetwear. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. 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. 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. If y'all remember I posted how I got banned for hashtags that were FINE. You can unsubscribe at any time. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. But their interest in secondhand clothes also has significance beyond save-the-planet instincts. 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. 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. Vinted operate differently, with money not being transferred to your account immediately after the purchase. In interviews with nearly a dozen Depop users, BoF heard numerous reports of women being inundated with sexual messages. . Take up to four photos.