what countries is depop available in

- 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 This is a fluid generation defying categorisation in every sense, Levato says. When expanded it provides a list of search options that will switch the search inputs to match the current selection. "Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions)." Like Depop, eBay charges a commission of 10% on all the items sold. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. It was established in 2011 by Simon Bekerman and now has over 15 million . This press release (including statements quoted in this press release) contains forward-looking statements within the meaning of the federal securities laws. Depop proudly states that 90 percent of its active users are under 26. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. Do NOT buy from GB via Depop if you live in the EU. Sure, both platforms offer similar services, but their approach is different. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. 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. This transaction is an ideal fit with Etsy's marketplace M&A criteria: Aligns with Etsy mission, strategy and values: Depop shares Etsy's DNA, with a parallel growth strategy that highlights sellers' unique merchandise by improving search and discovery, driving human connections, and building marketplace trust. 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%. Depop - buy, sell, discover unique fashion Log in Menswear Womenswear Jewellery Beauty More Brands Top searches Find your style Shop the biggest brands you know and love. In, Airnow. Etsy has sufficient available liquidity to fund the acquisition. Please read rules before posting. 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 Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Depop | Buy & Sell Clothing on the App Store This app is available only on the App Store for iPhone. However, we have a pretty simple solution that gets around this restriction. As said, when selling at Vinted, a buyer covers all transaction-related fees, including shipping costs. Depop payments are transferred directly to your PayPal account, and no intermediary is involved in handling transactions. [6] Most active users of Depop are located in the United Kingdom, Australia, United States and Italy. Sell. 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. You can also move the money to your bank account once its transferred to PayPal. Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. OLIO. In November 2019, Business of Fashion reported that users within the Depop app were receiving sexually suggestive messages.[23]. Depop allows its sellers to include rules buyers can see when scrolling through their posts. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through its online marketplace. 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. [12] It is the 10th most-visited shopping platform for Gen Z consumers in the US,[18] and, in a poll conducted by The Strategist in 2019, Depop was voted by teenagers as their favorite resale website. Depop is a social shopping app that has been described as a mix of eBay and Instagram. If you are an admin, please authenticate by logging in again. Depop profit calculator - Calculate your Depop and Paypal fees, shipping amount, taxes, revenue and profits for every product you sell on your Depop store. trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. On paper, Depop and Vinted offer the exact same services, connecting second-hand clothing sellers with buyers. 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. People want the opportunity to buy and sell, but also they want this inspirational layer and entertainment through their experiences.. Both apps also target slightly different audiences. It is largely targeted at Gen Z shoppers In other words, Depop is basically Instagram, but with more transparency about the fact that it's selling you stuff. Both apps implement slightly different structures, with Depop having a more 'social' feel, with buyers scrolling through listings like they were using Instagram or Facebook. Overview. Available everywhere. In interviews with nearly a dozen Depop users, BoF heard numerous reports of women being inundated with sexual messages. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. Unfortunately, Depop doesnt ship directly to Europe. The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. When we do drops, its really hard to kind of nail down an aesthetic.. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. 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. With roughly 30 million registered users across nearly 150 countries,. June 2, 2021. Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. 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. Unlike Depop sellers, Vinted sellers don't pay any fees. Does the Depop online store ship items overseas to Europe? Depop is a peer-to-peer social shopping app based in London that first launched in 2011. If you have several packages, MyUS can bundle the packages into one order. Depop, which first emerged from an Italian tech incubator in 2011, then established its headquarters in London, is a dark horse in the fashion ecom wars. Depop is all about community - it's the buyers and sellers who use Depop who make it such a great place. Date of release is date of access.Figures have been rounded. Forward-looking statements include all statements that are not historical facts. 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. 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. by Jerret West, CVP Gaming Marketing, Xbox Feb 28, 2023 @ 12:01am. Depop is expected to be accretive to Etsy's top line growth rate and modestly dilutive to Etsy's adjusted EBITDA margin. For Gen Z, the trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. Here are some vital facts and figures about how Depop works today. You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. Email us at feedback@voguebusiness.com. Access to this and all other statistics on 80,000 topics from, Show sources information Sign up to our newsletter for a truly global perspective on the fashion industry. The first difference is the market available. 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. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Users can pay for items using PayPal. As a Premium user you get access to the detailed source references and background information about this statistic. Depop. Depop is the app for you . Decluttr is an online app that allows you to sell your used media. Whatever you're into, find the item and the seller for you on Depop. For sellers, we offer a range of tools and services that address key business needs. Bank of America reveals the winning market share gainers with more room to run, Goldman Sachs upgrades this internet of things stock which it sees surging 60%, JPMorgan upgrades Procter & Gamble, says consumer staples stock could be an earnings compounder. Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. [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. You can then. Etsy CEO on how $1.6 billion deal for Depop could help the company grow. 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. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. It's easy to get started - just create an account to start selling. Sellers and users weigh in on the debate", "Everyone's Favorite Thrifting App Favors Thin White Models", https://en.wikipedia.org/w/index.php?title=Depop&oldid=1141140101, 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. Business Summary. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. We're a community that inspires and connects our users." Ticker: ETSY. The company was founded in 2011 and is headquartered in London . Retailers and brands might consider how they can inspire Gen Z to be entrepreneurs. The Depop social shopping app blends the aesthetic and social aspects of Instagram with the buy-and-sell format of eBay. Place your item in a box or shipping envelope, available at office supply stores or the post office. How to sell. Depop's beginnings were also relatively humble. 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. , Aug 2, 2022 London-based social shopping platform app Depop was highly benefited by the e-commerce boom during the COVID-19 pandemic. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Send your buyer a message thanking them and letting them know when you plan to ship; Ship ASAP using tracked delivery. [3] Paolo Barberis and Nana Bianca were two of the first investors in the platform in 2012 with a seed investment. statistic alerts) please log in with your personal account. Vinted and Depop have different payment policies. To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. 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. 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. As a Premium user you get access to background information and details about the release of this statistic. Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. To receive the Vogue Business newsletter, sign up here. With 4 million active buyers and 2 million active sellers in 2020, we believe Depop's cohort behavior is particularly impressive: for example, in 2020, 75% of GMS was from existing cohorts; ~75% of sellers were also buyers; and, on average, sellers sold approximately 10 items and buyers bought approximately 6 items. Its important to have cultural fluidity, she says. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. 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. 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? When it comes to newness, this generation has a new lens through which they see new.. Its a fairly common question we often see asked, and the answer isnt all that clear. The stock was up about 6.7% Wednesday afternoon. Discover independent brands making waves and the creators behind them. hi! It allows users to buy and sell items, most of which are used . 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. 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. to incorporate the statistic into your presentation at any time. Dont worry, youre not going to need to splash out on a property, there is a much cheaper solution. [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. Essentially, you'll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. You can also email them at support@depop.com. It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. Algeria. 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. 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. Decide your price. 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. [5] Depop expanded and opened additional offices in Milan and New York City. It also gives the online marketplace a bigger footprint in fashion resale. [21] The platform has also been criticized by its users for picking predominantly thin models wearing straight size clothing to showcase on its Explore page, which some have described as sizeist.[22][19]. Our company was founded in 2005 and is headquartered in Brooklyn, New York. As a mobile app, it is available on iOS and Android platforms. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. Depop Summary. Thrift stores, in the Poway area, are pretty cheap. Investor Relations Manager, Advances leadership in community-driven and differentiated marketplaces, Etsy to acquire global fashion resale marketplace Depop. Test out different poses. To use individual functions (e.g., mark statistics as favourites, set Press J to jump to the feed. 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. After submitting your request, you will receive an activation email to the requested email address. 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. You can change the interval in the system settings. Are you interested in testing our business solutions? r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. The site . <br><br>I have demonstrated skills and experience in public relations, fashion marketing, and fashion communications. 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. 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 peer-to-peer social shopping app. Who we are. Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. Depop is a reliable website that allows you to buy and sell items. Please do not hesitate to contact me. 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. It incorporates fewer categories and focuses more on a buyer experience, allowing users to make offers faster. Resale has emerged as a popular side-hustle; Depop and social media allow Gen Z to cultivate their businesses in a non-traditional and deeply personal way. 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. ", 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. 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.

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