Today, Depop is a place where millions of users come to celebrate their style and discover culture. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Depop. Depop is a peer-to-peer social shopping app based in London that first launched in 2011. Once you make a sale, Depop will send the money to the PayPal account that youve already linked to your account. Whatever you're into, find the item and the seller for you on Depop. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Retailers and brands might consider how they can inspire Gen Z to be entrepreneurs. [6] Most active users of Depop are located in the United Kingdom, Australia, United States and Italy. . ", 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. 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. Depop is a place for anyone to discover and . You can use it to browse listings by your neighbours and local shops with a surplus of food or other products. LocationsView all. Our company was founded in 2005 and is headquartered in Brooklyn, New York. The website was launched in 2011 as a social network for PIG magazine readers wanting to buy featured items. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. The deal marks the biggest acquisition yet for Etsy, which went public on the New York Stock Exchange in 2015. Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. This button displays the currently selected search type. Phone: (718) 880-3660. p:718 880-3660. 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 (investors.etsy.com) under the Events section. You must click the activation link in order to complete your subscription. 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. 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. $1 Billion made by the Depop community to date. Got a confidential news tip? statistic alerts) please log in with your personal account. BROOKLYN, NY 11201 United States. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Depop also pays via PayPal compared to Decluttr, which uses Direct deposit, PayPal, and Check. In case of sender and recipient from the same country or within a radius of 10 kilometres, the user can deliver/collect in person, but no payment in cash. Unfortunately, Depop doesn't ship directly to Europe. 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. Forward-looking statements include statements related to our potential addressable market,the potential benefits of the acquisition of Depop, expected impact of the acquisition of Depop on Etsy's future financial performance and the potential impact on Etsy's consolidated financial results, the anticipated timing of the closing of the acquisition of Depop, the anticipated impact of applying Etsy's expertise to Depop's business and the potential of Depop's business. SourceForge ranks the best alternatives to Depop in 2022. 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. Ticker: ETSY. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. [3] Paolo Barberis and Nana Bianca were two of the first investors in the platform in 2012 with a seed investment. Depop, on the other hand, is a better choice for a small business. Data is a real-time snapshot *Data is delayed at least 15 minutes. You can also email them at support@depop.com. It's easy to get started - just create an account to start selling. Depop is a reliable website that allows you to buy and sell items. 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. Swappa also focuses on used electronics compared to Depop, which deals in clothing, shoes, and other streetwear. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. All Rights Reserved. How to sell. She has about 40,000 followers, and selling clothes online has become a full-time job for her. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Etsy expects to finalize the deal by the third quarter of 2021. Now imagine if someone came through and bought a pair of pants for $12 . You need at least a Starter Account to use this feature. 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. From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. 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. 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). Press question mark to learn the rest of the keyboard shortcuts. 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. A Division of NBCUniversal. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. An overwhelming 90 per cent of its active users are under the age of 25. 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. <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. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. Accessed March 04, 2023. https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Airnow. Compare Depop alternatives for your business or organization using the curated list below. 16.6M+ items are available for sale on Depop. Once the package is received, the freight forwarder will ship the package directly to you in Europe. Depop is primarily known for its vintage, streetwear, one-of-a-kind and Y2K (late 1990s/early 2000s) fashion. 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. To contact Depop customer service, go to the help desk page, enter your details and submit. In 2021, Depop was acquired by Etsy for $1.6 billion. It does come with fees and higher shipping costs. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. 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?. It was established in 2011 by Simon Bekerman and now has over 15 million . 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 Deb Wasser Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. Get paid fast when your item sells. In other words, Depop is basically Instagram, but with more transparency about the fact that it's selling you stuff. If y'all remember I posted how I got banned for hashtags that were FINE. To download the Depop mobile app, go to Google Play and click download. Using a Vinted or Depop app, users can sell, buy, or exchange their used clothes. But why Depop? 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. 4 locations detected. Currently, you are using a shared account. Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. 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. The stock was up about 6.7% Wednesday afternoon. Shares our two-sided marketplace business model: Depop is a peer-to-peer marketplace with similar capital-light operating model and financial characteristics. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. In light of such risks, readers are cautioned not to place undue reliance on such forward-looking statements. Depop is not available in some countries from summer (I cant remember exact month when this happened). 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. Subscribe to receive weekly Side Hustle recommendations. If you are an admin, please authenticate by logging in again. ", Rachel Glaser, Etsy's CFO, commented, "We've admired Depop for a while, and are excited to have now reached an agreement to purchase this fantastic business - a company we believe is still in the early innings of its growth opportunity. Business Summary. Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. Vinted operate differently, with money not being transferred to your account immediately after the purchase. ", 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. Describe what you're selling. This is a fluid generation defying categorisation in every sense, Levato says. Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. New risks emerge from time to time. 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. 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.<br>The company was founded . ETSY. 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.

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