what countries is depop available in

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. don't give up! [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. Describe what you're selling. With roughly 30 million registered users across nearly 150 countries,. We disclaim any obligation to update forward-looking statements, except as required by law. While some users complained of poor customer service, Depop can help you make extra money online. Accessed March 04, 2023. https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Airnow. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. However, while both apps provide practically the same services, they differ in a few key areas. Discover unique fashion. 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. Sky warns: "Don't let your photo be more distracting than the product you're selling.". Depop is expected to be accretive to Etsy's top line growth rate and modestly dilutive to Etsy's adjusted EBITDA margin. The platform is very similar to other online marketplaces like eBay, Facebook Marketplace, Mercari, or Poshmark. Secondhand may be sustainable but its also cool. Depop should know. Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. 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 surveyed 2,176 Depop users from the UK, US and Australia and conducted individual interviews with a sample of Depop sellers, analysed alongside insights from Bain & Company. Skepta Nike Air Max Plus, SK Air Blue Tailwind Size: UK 8.5 Condition / info: 10/10 Condition, Worn A Handful Of Times perfect condition PLEASE READ International Shipping is available for all countries UK 48 Tracked Royal Mail Shipping to all UK orders Items are shipped within 48 hours Guaranteed All of our items are second hand unless stated otherwise. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. [8][bettersourceneeded], In June 2019, Depop raised $62 million in Series C from General Atlantic to fund its expansion. Depop also pays via PayPal compared to Decluttr, which uses Direct deposit, PayPal, and Check. Date of release is date of access.Figures have been rounded. . We want to hear from you. Depop is a website and mobile app available in over 150 countries with over 26 million active users. If you experience any issues with this process, please contact us for further assistance. Up to 140,000 new listings every day. Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. 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. As for withdrawal methods, eBay offers PayPal and direct deposit compared to Depop, which has PayPal.While Depop is filled with people selling Y2K and vintage items, eBay is better for items that are rare or hard to find. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. In November 2019, Business of Fashion reported that users within the Depop app were receiving sexually suggestive messages.[23]. If you have several packages, MyUS can bundle the packages into one order. Comments, questions or feedback? 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. Y, 2019. Depop is a peer-to-peer social shopping app. Once the package is received, the freight forwarder will ship the package directly to you in Europe. [4] Its headquarters were moved to London in 2012. Vinted and Depop have different payment policies. 147. This button displays the currently selected search type. 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. The platform's "Explore" page features items picked out by Depop staff. We're a community that inspires and connects our users." Get this delivered to your inbox, and more info about our products and services. Sign up for free newsletters and get more CNBC delivered to your inbox. Algeria. [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. It's a bit more buyer-friendly, encouraging users to make quick transactions and enabling them that by intuitive and straightforward service. Here in the United States, it doesn't. Are you interested in testing our business solutions? Etsy expects to finalize the deal by the third quarter of 2021. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Depop is a reliable website that allows you to buy and sell items. It does come with fees and higher shipping costs. 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. It really makes us think about, how do we serve these journeys? However, these can be dealt with by using Packlink to find the cheapest parcel delivery service. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. 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. There are plenty of resources available to help you cleared up any questions you may have. Depop has around 30 million users in over 150 countries, the majority of whom are young people. Both apps also target slightly different audiences. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. It allows users to buy and sell items, most of which are used and vintage pieces of clothing. "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. Depop's 2020 gross. 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. Sign up to our newsletter for a truly global perspective on the fashion industry. These are called 'Shop Policies,' stating whether you accept returns as a seller. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. 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. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor. Access to this and all other statistics on 80,000 topics from, Show sources information 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. Depop. Sure, both platforms offer similar services, but their approach is different. Company Description Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. by Jerret West, CVP Gaming Marketing, Xbox Feb 28, 2023 @ 12:01am. Platforms should cater for all levels of buyer and seller, says Depops Semple. We're excited to build a 'house of brands' where the whole is greater than the sum of its parts.". The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. ". To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. You need a Statista Account for unlimited access. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. 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. Forward-looking statements include all statements that are not historical facts. [6] Beckerman raised 1 million in funding in October 2013 from Red Circle Investment and brought on Faroese Runar Reistrup as new CEO. 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. Its because theyre reliable, dont charge a bunch of taxes, and offer affordable rates. Here are some vital facts and figures about how Depop works today. Its a fairly common question we often see asked, and the answer isnt all that clear. Subscribe to receive weekly Side Hustle recommendations. 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. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Therefore, Vinted might be a better choice for a casual seller interested in making some extra money. Unfortunately, Depop doesn't ship directly to Europe. Get the item and o rate your experience with the seller. You can then. $5+ thereafter, Sell computers, home tech, cameras, phones, watches, laptops and tablets, Sell your item directly to buyer and get paid the next day via PayPal, 180+ million buyers, easy listings and sell directly from the smartphone, List up to 200 items for free every month, and only pay when they sell, Global brand trust and seller protections in place from buyers scams. Contact Data CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For . Etsy CEO on how $1.6 billion deal for Depop could help the company grow. It caters to a variety of different fashion pieces such as designer, vintage, and streetwear. Click here to view 60+ Websites to Sell Stuff. uniexpressgt.com participates in various affiliate programs, and we sometimes get a commission through purchases made through our links. 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. As for Vinted, they have a buyer's protection feature. Unlike Depop sellers, Vinted sellers don't pay any fees. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. As a mobile app, it is available on iOS and Android platforms. They come to Depop for the clothes, but stay for the culture. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. Depop reselling is unethical, not because reselling is unethical in general, but because of how it's done. More so, what you earn on Swappa depends on the item you are selling and its condition. Essentially, you'll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. Disclosure. 22. Also, as a Depop seller, you're responsible for contacting a buyer when something's wrong with the order. Deb Wasser 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.". In interviews with nearly a dozen Depop users, BoF heard numerous reports of women being inundated with sexual messages. . [11][12], Depop is a social e-commerce platform where users can buy and resell their items. Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. Currently, you are using a shared account. As you can see, while looking practically identical at first glance, Depop and Vinted are two sides of the same coin. You need at least a Starter Account to use this feature. 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?. The app is also meant for buyers looking for items they can buy. The freight forwarder accepts the package on your behalf. In light of such risks, readers are cautioned not to place undue reliance on such forward-looking statements. . Decide your price. That way youll receive all of your items together instead of one at a time. Depop's CEO Maria Raga said, "We're on an incredible journey building Depop into a place where the next generation comes to explore unique fashion and be part of a community that's changing the way we shop. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through its online marketplace. It has also only made headway in the Australia, Italy, the UK and US, with the last two countries responsible for about 70% of downloads in 2020 and 2021. Unfortunately, yes. 2023 CNBC LLC. Since Depop has attracted young people, you can expect a lot of clothing and other items to be approved by the millenials. 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. 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. The user base on Depop is also younger than on Vinted, which, in exchange, has a more international user base. While no seller likes to pay fees, they are integral to online selling. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. 4 locations detected. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. With 4 million active buyers and 2 million . 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. [10] In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash, making it Etsy's most expensive acquisition, but that Depop would continue operate as a standalone brand independent from Etsy. The Company's primary marketplace, Etsy . Why do we think MyUS is the best? Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Its report, released this Monday, unpacks Gen Zs collective behaviours in a pandemic world and beyond. Chart. . 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. We'll now take an exciting leap forward as part of the Etsy family, benefiting from Josh's and his team's expertise, and the resources of a much larger company whose values are so aligned with ours here at Depop. The first difference is the market available. It is largely targeted at Gen Z shoppers Statista. 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. hi! Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. Etsy believes Depop has a highly differentiated position in the fast-growing resale space: Josh Silverman, Etsy, Inc. CEO, commented, "We are simply thrilled to be adding Depopwhat we believe to be the resale home for Gen Z consumersto the Etsy family. Its marketplace connects over 21 million users, selling, buying, and exchanging second-hand clothes and accessories. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. [17], As of 2021, Depop has over 21 million users, 90 percent of whom are under the age of 26. Etsy has sufficient available liquidity to fund the acquisition. Airnow. Depop is the app for you . Get paid for the item and start the shipping process. my buyer. Well positioned to benefit from Etsy's expertise to accelerate growth and value creation: Depop is an early-stage business that we believe can leverage our proven value creation roadmap to drive further growth and profitability. 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. 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. In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. Gen Z fluidity extends to the mix of digital and physical experiences, with physical still considered very important even for a generation of digital natives. ", 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. However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. Depop is not available in some countries from summer (I cant remember exact month when this happened). Depop is a social shopping app that has been described as a mix of eBay and Instagram. The stock was up about 6.7% Wednesday afternoon. Ship. Since Depop works more like a social network platform, it allows sellers to reach more users with their listings. You must click the activation link in order to complete your subscription. To answer that, we must take a closer look at the two. Depop is powered by a team of around 400 people, dedicated to our mission of fashion for a better future. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. Please create an employee account to be able to mark statistics as favorites. By Lisa Lacy. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. The site . ", 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. Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. Others were also unhappy with the customer service describing it as unresponsive. Use Ask Statista Research Service. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through. It's also recommended to refresh and bump your listings for them to stay at the top of the search. I think because a lot of my customers come from communities where fashion hadnt really considered them, they kind of gravitate to everything, he says. Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. Retailers and brands might consider how they can inspire Gen Z to be entrepreneurs. 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. This partly refers to self-identity. To receive packages from the United States, youre going to need to have an address based there. Etsy expects to share more information in conjunction with its second quarter 2021 financial results. 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 a peer-to-peer social shopping app based in London that first launched in 2011. 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). Depop is a reliable website that allows you to buy and sell items. Please see our privacy policy for more information. The company, founded by Simon Beckerman in 2011, is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney, with approximately 400 employees dedicated to its mission of building the world's most diverse progressive home of fashion, that's kinder on the planet and kinder to people. Vinted is more transactional. Conduct your own research and seek the advice of a licensed financial advisor. Swappa also focuses on used electronics compared to Depop, which deals in clothing, shoes, and other streetwear. 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. As a Premium user you get access to the detailed source references and background information about this statistic. It also gives the online marketplace a bigger footprint in fashion resale. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Depop is a legitimate app that lets sellers sell items and buyers buy items; hence not a scam. I agree to receive your newsletter. GET SERVICE INSTANTLY . 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. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. You can unsubscribe anytime. Please read rules before posting. A replay of the video webcast will be available through the same link following the conference call starting at 10:30 a.m. Eastern Time today for at least three months thereafter. From crypto to clothes: Why Gen Z are investors now, From Essentials to Adidas: Whats next for Fear of God. Investor Relations Manager, Advances leadership in community-driven and differentiated marketplaces, Etsy to acquire global fashion resale marketplace Depop. Expands our TAM in a large and fast-growing market, Well positioned to benefit from Etsy's expertise to, http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. You can also move the money to your bank account once its transferred to PayPal.