what countries is depop available in
Forward-looking statements represent our beliefs and assumptions only as of the date hereof. Please read rules before posting. While both websites are free, Swappa requires you to pay a small 3% fee once your item sells compared to Depop, which charges 10%. 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. Unfortunately, yes. 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. View original content:http://www.prnewswire.com/news-releases/etsy-to-acquire-global-fashion-resale-marketplace-depop-301303695.html. The company will send a six-digit code that you can use to verify your account. It is one of the few success stories of the dot-com bubble, which . The platform's "Explore" page features items picked out by Depop staff. 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. These businesses all share similar levers of growth to unlock value, including improving search and discovery, building human connections, and making selling and buying easier. Some of the motivations for using Depop come as no surprise 75 per cent of those surveyed are looking to reduce clothing consumption. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. Depop was founded in 2011 by entrepreneur Simon Beckerman at an Italian technological incubator and business H-Farm start-up centre. After submitting your request, you will receive an activation email to the requested email address. Depop is an online hub where people buy and sell used clothing, vintage shoes, and accessories, and the hub is disrupting the global retail industry. If you are an admin, please authenticate by logging in again. The only pricey item I've found is a pantsuit that cost around $20. 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. This type of service is called Freight Forwarding. June 2, 2021. 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. Y, 2019. 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. Comments, questions or feedback? ", 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. ", Etsy said the transaction consisted primarily of cash and was "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.". Essentially, youll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. ". 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. 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. Take a picture of the item, describe it, set a price for it, and post. 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 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. The company has attracted a predominantly younger audience thanks to its social media savvy and messaging on environmental and ethical shopping. Poshmark is currently only available in the United States, Canada, Australia, India, and the United Kingdom. If y'all remember I posted how I got banned for hashtags that were FINE. For Semple, physical events remain hugely relevant. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. Poshmark is available in the U.S., Canada, India, and Australia, but at this time Poshers cannot buy or sell outside of their country. Prices for clothing range from $3-$15. Phone: (718) 880-3660. p:718 880-3660. Register in seconds and access exclusive features. But let's talk about differences. [9], In 2020, Depop's gross merchandise sales and revenue both more than doubled to $650 million and $70 million respectively. Thrift stores, in the Poway area, are pretty cheap. Sign up to our newsletter for a truly global perspective on the fashion industry. These companies provide addresses for this specific use case, and theyll even help ship your packages directly to you. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. Essentially, the more you engage, be it by liking items, listing products, following other users, etc., the more sales you're likely to generate. About Depop Our leadership Facts and figures. In interviews with nearly a dozen Depop users, BoF heard numerous reports of women being inundated with sexual messages. Alternatives to Depop. It caters to a variety of different fashion pieces such as designer, vintage, and streetwear. - 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 To use individual functions (e.g., mark statistics as favourites, set Investor Relations Manager, Advances leadership in community-driven and differentiated marketplaces, Etsy to acquire global fashion resale marketplace Depop. On paper, Depop and Vinted offer the exact same services, connecting second-hand clothing sellers with buyers. Depop, on the other hand, while having a user base of over 26 million, is only available in 6 countries. According to positive reviewers, Depop allowed them to start their small business. 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. Depop's 2020 gross. We disclaim any obligation to update forward-looking statements. Swappa also focuses on used electronics compared to Depop, which deals in clothing, shoes, and other streetwear. 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. If you look around online, youll find a bunch of companies in the U.S. offering physical United States addresses to customers located overseas. by Jerret West, CVP Gaming Marketing, Xbox Feb 28, 2023 @ 12:01am. 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. Now imagine if someone came through and bought a pair of pants for $12 . It allows sellers to reach a broader audience thanks to its social features and emphasises a more professional approach when creating posts. Are you interested in testing our business solutions? 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. Swappa is a peer-to-peer marketplace that allows you to sell and buy used electronics. For Gen Z, the trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. The platform is very similar to other online marketplaces like eBay, Facebook Marketplace, Mercari, or Poshmark. You can change the interval in the system settings. This extends to how these generations view life and society, but also fashion. 90% of Depop's active users are under the age of 26.Depop. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash. This button displays the currently selected search type. 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. OpenAI explain why some countries are excluded from ChatGPT Download PDF. 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. When we do drops, its really hard to kind of nail down an aesthetic.. Sure, both platforms offer similar services, but their approach is different. 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. A lot of people in my generation have that set-up income from a few little baskets, he says. You can sign up for additional alert options at any time. The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. We estimate that one in four 15-24-year old's in Australia are on Depop," says Aria Wigneswaran, Country Manager Australia, Depop.. The content on dollarbreak.com is for informational and educational purposes only and cannot replace any professional financial advice. To download the Depop mobile app, go to Google Play and click download. It really makes us think about, how do we serve these journeys? It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. You simply register an account with a Freight Forwarder, and theyll provide you with a U.S. based address. The vintage items are also great since fashion often brings back past trends from time to time. 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. Ship. Depop is a website and mobile app available in over 150 countries with over 26 million active users. Essentially, you'll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. uniexpressgt.com participates in various affiliate programs, and we sometimes get a commission through purchases made through our links. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. Type Subsidiary . What distinguishes Depop from Vinted is its emphasis on social features, working as a social network app in addition to being a reselling marketplace. The Company's primary marketplace, Etsy . 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. 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. To some degree, we have a closer relationship with Gen Z than almost any other institution in the world at scale, says Depop chief brand officer Peter Semple. 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. 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. , Aug 2, 2022 London-based social shopping platform app Depop was highly benefited by the e-commerce boom during the COVID-19 pandemic. "Etsy acquires clothing resale platform Depop for $1.6 billion", "Gen Z Designers Made It Big on This App. 22. 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. "Monthly Active Users (Mau) of The Depop App in The United Kingdom (Uk) from January 2018 to October 2021 (in Millions). Tom Evans says Depop has become his primary source of income. Have to complete the purchase to update your shipping address - Depop Depop promises not to share your details with third parties. As of 2021, Depop has over 30 million users, 90 percent of whom are under the age of 26. Enter your email to receive editorial updates, special offers and breaking news alerts from Vogue Business. Platforms should cater for all levels of buyer and seller, says Depops Semple. While creating a Depop account, your phone number will be required. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. But why Depop? As you can see, while looking practically identical at first glance, Depop and Vinted are two sides of the same coin. Both apps also make it very easy to post your items. Now, were assuming that you neither own a house there or do you have relatives living there, so how is this even possible? Depop does not offer other ways to make money apart from selling items such as clothes, shoes, and other items. It must've been cuz I mentioned the BBB. [15] Depop users are also encouraged by the platform to use other social networking services such as Instagram to promote their shop profiles. (November 8, 2021). Profit from the additional features of your individual account. Paypal withholds those Depop users funds from any items sold for a minimum of 21 days from the date of sale[citation needed]. . A Division of NBCUniversal. Depop. 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. E-commerce firm Etsy announced Wednesday that it is buying the secondhand fashion app Depop for $1.62 billion. The Depop study echoes this point, with respondents underlining fluid identity when buying and selling clothes. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. "To some degree, we have a closer relationship with Gen Z . 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. [11][12], Depop is a social e-commerce platform where users can buy and resell their items. Bahrain. eBay is one of the most popular platforms that allows you to buy and sell goods and services like electronics, clothing, and more. As for Vinted, they have a buyer's protection feature. <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. Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor. 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. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those we expect. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. Who we are. While Decluttr focuses on selling media stuff such as used tech and media such as CDs, DVDs, and Blu-rays, Depops primary focus is selling clothing, shoes, and other items.