We love Depop's rapidly growing GMS and loyal and engaged customer base, excellent user engagement and unit economics, opportunities to expand value added seller services, clear path for geographic expansion, and highly scalable, 'capital light' operating model. To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. It really makes us think about, how do we serve these journeys? It was established in 2011 by Simon Bekerman and now has over 15 million . 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. Its important to have cultural fluidity, she says. Vinted is more transactional. 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. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Sellers who live in countries where depop is not popular wouldn't be able to sell anything if they couldn't do it. In March 2016, former CEO, Runar Reistrup, stated that Depop's growth was achieved through word of mouth. By Lisa Lacy. Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. Last month [object Object] was the top country sending desktop traffic to depop.com - click below to discover all countries Top Countries United States 49.04% 1.30% United Kingdom 24.80% 4.06% Australia 8.56% 15.40% Canada 2.74% 0.35% Italy 1.27% 13.93% Others 13.60% See all countries depop.com Audience Demographics eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. 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. 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. 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. Swappa also focuses on used electronics compared to Depop, which deals in clothing, shoes, and other streetwear. These are called 'Shop Policies,' stating whether you accept returns as a seller. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. Register in seconds and access exclusive features. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Retailers and brands might consider how they can inspire Gen Z to be entrepreneurs. 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. Tom Evans says Depop has become his primary source of income. GET SERVICE INSTANTLY . Depop is a peer-to-peer social shopping app. Online marketplace Etsy announced . [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. Does the Depop online store ship items overseas to Europe? 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. Its marketplace connects over 21 million users, selling, buying, and exchanging second-hand clothes and accessories. Depop's mission statement is "to change the way people buy, sell and think about fashion." Is Depop second hand? You can unsubscribe anytime. Depop should know. Depop Summary. The default refresh interval is a random number between 1 and 3 seconds. Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor. Fluidity extends beyond gender identity. [Online]. my buyer. Then I sent them this. The app has over 10 million users and is available in over 100 countries. 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 company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. (November 8, 2021). The only pricey item I've found is a pantsuit that cost around $20. The first difference is the market available. i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. The app is also meant for buyers looking for items they can buy. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. Y, 2019. A lot of that comes with fluidity and merging the lines of gender that we knew in fashion traditionally., Toms customers are tough to define or categorise. The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. 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%. Its not so long ago that many people wouldnt have thought of themselves as potential resellers, he says. As a mobile app, it is available on iOS and Android platforms. You can only download this statistic as a Premium user. Approximately 90% of Depop's active users are under the age of 26; and young consumers are adopting second-hand fashion faster than any other audience; According to Depop's monthly brand awareness surveys, it has high prompted awareness for the Gen Z demographic within the resale sector; Depop is the 10th most visited shopping site among Gen Z consumers in the U.S. Prior to agreeing a sale to Etsy, Depop had raised a total of $105.6 million from investors including General Atlantic, Creandum, Balderton Capital, Octopus Ventures and Klarna CEO and co-founder Sebastian Siemiatkowski, according to data from Crunchbase. It must've been cuz I mentioned the BBB. More so, what you earn on Swappa depends on the item you are selling and its condition. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. The only thing that I would change are the "plus . Business Summary. [7] Depop was the official app sponsor of the 2016 Vans Warped Tour. About Depop Our leadership Facts and figures. 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.". One user even commented that they were able to receive payments fast. Over 3 million products sold in 12 months with a year limited warranty, Sell smartphones, tablets, laptops books, watches, video games and Lego, Get a free instant item valuation, ship your item for free and get paid, No fees for sellers buyers pay no fees up $50 items. With over 26 million 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. You must click the activation link in order to complete your subscription. 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. Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. Create an account to follow your favorite communities and start taking part in conversations. 22. Others were also unhappy with the customer service describing it as unresponsive. As covered, Vinted connects 21 million users worldwide, operating in 15 countries. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. "To some degree, we have a closer relationship with Gen Z . Prices for clothing range from $3-$15. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through its online marketplace. 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. 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. Ship. Take up to four photos. Show publisher information It's easy to get started - just create an account to start selling. statistic alerts) please log in with your personal account. Algeria. --Etsy, Inc., 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 should know. 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 proudly states that 90 percent of its active users are under 26. Depop is a place for anyone to discover and . 12.9% of the sale price or lower, plus $0.30 per order. A paid subscription is required for full access.