You need a Statista Account for unlimited access. Get paid fast when your item sells. . Available: https://www.statista.com/statistics/1122928/depop-monthly-active-users-uk/, Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021, Available to download in PNG, PDF, XLS format, E-commerce revenue worldwide 2017-2027, by segment, Global fashion e-commerce market size 2021-2025, Worldwide online fashion retail revenue 2021-2025, by segment, Online fashion retail revenue change worldwide 2019-2025, by segment, Fashion e-commerce users worldwide 2021-2025, by segment, Online fashion retail revenue worldwide 2019-2025, by region, Online fashion retail revenue worldwide 2022, by country, Fashion e-commerce revenue in Asia 2021-2025, Fashion e-commerce revenue in North America 2021-2025, Fashion e-commerce revenue in Europe 2021-2025, Fashion retail sales channel share worldwide 2022, by region, Fashion: top 5 online stores worldwide in 2021, by net sales, CAGR of leading fashion e-commerce companies worldwide 2020-2022, nike.com: E-Commerce net sales from 2014 to 2022, zara.com: E-Commerce net sales from 2014 to 2022, asos.com: E-Commerce net sales from 2014 to 2022, zalando.de: E-Commerce net sales from 2014 to 2022, Leading fashion and apparel websites worldwide 2022, based on visit share, International site traffic on top fashion websites in select countries worldwide 2021, Increase of site traffic on top fashion websites in select countries 2021, Global online fashion shopping cart abandonment rate 2021, by type, EU consumers who use mobile apps for online shopping purposes 2021, E-commerce penetration rate among active Gen Z users China in 2020, by platform, Global consumers reasons for not liking online shopping 2021, Fashion purchases of consumers in 2020 and 2023, by channel, Usage of online reviews to help with fashion purchases 2021, by country, Share of shoppers buying clothes online after store visit in Europe 2021, by country, Monthly active users of VSCO in the UK 2017-2020, Monthly active users of Reddit in the UK 2017-2020, Location of purchase of second-hand shoes/footwear in the UK 2019, Facebook Messenger: number of monthly active users 2014-2017, Types of clothing items purchased second-hand in the UK 2019, Share of MAU on the smartphone and tablet market in Japan 2018, by brand, Forecast of the smartphone user penetration rate in Estonia 2015-2022, Forecast of smartphone user numbers in Slovenia 2015-2022, Forecast of smartphone user numbers in Denmark 2018-2025, Growth in the fashion market value in Russia 2012-2017, Forecast of the smartphone user penetration rate in Switzerland 2018-2024, Forecast of the smartphone user penetration rate in Lithuania 2015-2022, Forecast of the smartphone user penetration rate in the Czech Republic 2015-2022, Forecast of smartphone user numbers in Slovakia 2015-2022, Forecast of smartphone user numbers in the Czech Republic 2015-2022, Woven fashion import volume to Japan 2015-2020, Share of fashion import volume to Japan 2021, by region, Depop app downloads per month worldwide 2020-2022, Knitted fashion import volume to Japan 2015-2021, Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions), Find your information in our database containing over 20,000 reports. Launched in Lithuania in 2008, Vinted quickly expanded to 10 more countries, becoming an instant success among clothes reselling apps. These are called 'Shop Policies,' stating whether you accept returns as a seller. Depop does not offer other ways to make money apart from selling items such as clothes, shoes, and other items. Depop is headquartered in London, England and Los Angeles, California. To contact Depop customer service, go to the help desk page, enter your details and submit. Etsy CEO Josh Silverman called the start-up the"resale home for Gen Z consumers. The transaction is currently expected to close during the third quarter of 2021, subject to satisfaction of customary closing conditions, including antitrust review in the United States and the United Kingdom. $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. The freight forwarder accepts the package on your behalf. Sr. Director of Investor Relations, Patricia Cruz Available everywhere. Please read rules before posting. By Lisa Lacy. 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 . Got a confidential news tip? The only thing that I would change are the "plus . Swappa also focuses on used electronics compared to Depop, which deals in clothing, shoes, and other streetwear. 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. It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. 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. 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. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. [14] Users can also follow other sellers, whose posts will appear in their feeds. 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. Depop was established as a social network for readers of PIG magazine back in 2011 by magazine founder - and head of sunglasses brand Retrosuperfuture - Simon Bekerman. The company is headquartered in London, with offices in Manchester, New York, Los Angeles and Sydney. You can also move the money to your bank account once its transferred to PayPal. Depop. Shares our two-sided marketplace business model: Depop is a peer-to-peer marketplace with similar capital-light operating model and financial characteristics. Depop and Paypal have been accused of collectively deceiving users into using their preferred private shipping partner, Evri, previously known as Hermes, a courier firm marred by allegations that its drivers mishandle parcels. 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 [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. It's also recommended to refresh and bump your listings for them to stay at the top of the search. The company will send a six-digit code that you can use to verify your account. As of today, Vinted is available in 15 countries. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. When we do drops, its really hard to kind of nail down an aesthetic.. 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. uniexpressgt.com participates in various affiliate programs, and we sometimes get a commission through purchases made through our links. Alternatives to Depop. 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 . SourceForge ranks the best alternatives to Depop in 2022. People want the opportunity to buy and sell, but also they want this inspirational layer and entertainment through their experiences.. 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. Depop seller Adwoa Owusu-Darko has run her brand Mini's World (@minisworld) since 2016. In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively. ", 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. Etsy has sufficient available liquidity to fund the acquisition. This extends to how these generations view life and society, but also fashion. The platform is very similar to other online marketplaces like eBay, Facebook Marketplace, Mercari, or Poshmark. Access to this and all other statistics on 80,000 topics from, Show sources information 2023 CNBC LLC. Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. 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. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. Depop payments are transferred directly to your PayPal account, and no intermediary is involved in handling transactions. Also, while Vinted focuses mainly on the European market, Depop is much more popular in the United States. The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. Send your buyer a message thanking them and letting them know when you plan to ship; Ship ASAP using tracked delivery. How to sell. Market leadership, with authentic, organic brand traction: Depop deepens our reach into the Gen Z consumer, with differentiated brand strength, strong user engagement and unit economics. 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. Unfortunately, Depop doesnt ship directly to Europe. The marketplaces will operate independently, while benefiting from shared expertise in areas such as product, marketing, technology, and customer support. 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.". Following the close of this transaction, Etsy Inc. will operate three highly differentiated, non-commoditized and loved ecommerce brands: Etsy, Reverb, and Depop. 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. Its because theyre reliable, dont charge a bunch of taxes, and offer affordable rates. Depop's beginnings were also relatively humble. Depop proudly states that 90 percent of its active users are under 26. 4 locations detected. The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. A lot of people in my generation have that set-up income from a few little baskets, he says. As for Vinted, they have a buyer's protection feature. According to positive reviewers, Depop allowed them to start their small business. We estimate that one in four 15-24-year old's in Australia are on Depop," says Aria Wigneswaran, Country Manager Australia, Depop.. You can also email them at support@depop.com. Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre. 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. [5] In 2015, Depop secured another investment of $8 million from Balderton Capital and Holtzbrinck Ventures. Some of the motivations for using Depop come as no surprise 75 per cent of those surveyed are looking to reduce clothing consumption. i sold a pair of shoes on depop about ten days ago, and they were delivered on wednesday, 1/15/2021. Get paid for the item and start the shipping process. For Gen Z, the trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. 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. Deb Wasser DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. While some users complained of poor customer service, Depop can help you make extra money online. 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. In light of these risks, uncertainties and assumptions, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. Depop's 2020 gross merchandise sales (GMS) and revenue were approximately $650 million and $70 million, respectively, each increasing over 100% year-over-year. You can change the interval in the system settings. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. Depop's GMS grew at a compounded annual growth rate of nearly 80% from 2017-2020. Please do not hesitate to contact me. Expands our TAM in a large and fast-growing market, category or geography: Depop is expected to extend Etsy's market opportunity in the high frequency apparel sector, specifically in the fast-growing resale space. As a mobile app, it is available on iOS and Android platforms. Do NOT buy from GB via Depop if you live in the EU. Comments, questions or feedback? Over half of respondents said they buy secondhand to find one of a kind pieces, while 45 per cent use it to tap into trends. 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. Prices for clothing range from $3-$15. "To some degree, we have a closer relationship with Gen Z . Simon Beckerman and Maria Raga are the co-founders and current owners of Depop. It was established in 2011 by Simon Bekerman and now has over 15 million . 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. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. <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. MyUS is one of the best freight forwarders available and its our favorite. You can use it to browse listings by your neighbours and local shops with a surplus of food or other products. The app is also meant for buyers looking for items they can buy. Platforms should cater for all levels of buyer and seller, says Depops Semple. I always say we owe ourselves authenticity. Here are eight brands that have collaborated with Depop to creatively reach young shoppers as they're shopping secondhand: Papa John's Food brands have been making their own merch to connect with young consumers for quite some time, and Papa John's has put their own spin on the marketing trend. 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.
Somnophilia Personality Traits,
Dr Blankenship Elizabethtown, Ky,
Articles W
About the author