Depop will remain headquartered in London, Etsy said, operating as a standalone business run by current management. "Monthly Active Users (Mau) of The Depop App in The United Kingdom (Uk) from January 2018 to October 2021 (in Millions). 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. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. Prices for clothing range from $3-$15. The brand registered unprecedented growth in May and July 2020, with. Like Depop, Swappa pays via PayPal. These are called 'Shop Policies,' stating whether you accept returns as a seller. The first difference is the market available. Ticker: ETSY. 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. As a mobile app, it is available on iOS and Android platforms. Swappa also focuses on used electronics compared to Depop, which deals in clothing, shoes, and other streetwear. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. You need at least a Starter Account to use this feature. As for Vinted, they have a buyer's protection feature. Sign up to our newsletter for a truly global perspective on the fashion industry. The website was launched in 2011 as a social network for PIG magazine readers wanting to buy featured items. Comments, questions or feedback? Get Potential buyers to make bids for the item and agree on the final price. 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. Get the item and o rate your experience with the seller. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. For Gen Z, the trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. The user base on Depop is also younger than on Vinted, which, in exchange, has a more international user base. Depop payments are transferred directly to your PayPal account, and no intermediary is involved in handling transactions. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. To contact Depop customer service, go to the help desk page, enter your details and submit. However, it soon started to spread across other markets, eventually becoming a worldwide marketplace for second-hand clothing. Depop, for example, charges its sellers 10% of each sale plus the possible PayPal fee for one's country. The vintage items are also great since fashion often brings back past trends from time to time. 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. This type of service is called Freight Forwarding. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Selling on Depop and Vinted looks pretty similar, requiring sellers to engage in increasing sales. As you can see, while looking practically identical at first glance, Depop and Vinted are two sides of the same coin. $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. To use individual functions (e.g., mark statistics as favourites, set Conduct your own research and seek the advice of a licensed financial advisor. ", 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. Founded in the U.K. in 2011, Depop lets people buy and sell used clothes through its online marketplace. Type Subsidiary . Countries. 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. Unfortunately, some users complained that the platform would hold your money for a long time before closing your accounts. Do NOT buy from GB via Depop if you live in the EU. We estimate that one in four 15-24-year old's in Australia are on Depop," says Aria Wigneswaran, Country Manager Australia, Depop.. 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. Forward-looking statements represent our beliefs and assumptions only as of the date hereof. You must click the activation link in order to complete your subscription. Vinted is more transactional. The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. 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. ETSY. 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. Tom Evans says Depop has become his primary source of income. Depop users who opt for using Royal Mail are penalised by being forced to pay Depop sales fees out of pocket and wait up to one month to receive their earnings. On the other hand, Depop sellers can absorb the postage cost by hiding it in the item's price as free shipping. Etsy, Inc. (Etsy) operates two-sided online marketplaces that connect people and buyers, and sellers around the world. 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. Depop is a reliable website that allows you to buy and sell items. OpenAI explain why some countries are excluded from ChatGPT Download PDF. Sr. Director of Investor Relations, Patricia Cruz You have successfully joined our subscriber list. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. Both apps also make it very easy to post your items. 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. [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. Like Depop, Decluttr is free to download and use. Popular sellers on the platform often go on to become social media influencers. For Semple, physical events remain hugely relevant. BROOKLYN, NY 11201 United States. 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. Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor. 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. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. Vinted, for instance, is generally more focused on the transactional side. 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. We disclaim any obligation to update forward-looking statements. Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. Items are usually secondhand or homemade. In 2020, Depops gross merchandise sales and revenue increased to $650 million and $70 million, respectively.
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