In interviews with nearly a dozen Depop users, BoF heard numerous reports of women being inundated with sexual messages. [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. 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. In other words, Depop is basically Instagram, but with more transparency about the fact that it's selling you stuff. Whatever you're into, find the item and the seller for you on Depop. Depop has around 30 million users in over 150 countries, the majority of whom are young people. Depop | Buy & Sell Clothing 12+ Resale Marketplace for Clothes Depop Ltd #60 in Shopping 4.8 399.1K Ratings Free iPhone Screenshots Buy. 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 . 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. [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. [6] Most active users of Depop are located in the United Kingdom, Australia, United States and Italy. Like Depop, Decluttr is free to download and use. Register in seconds and access exclusive features. ", Rachel Glaser, Etsy's CFO, commented, "We've admired Depop for a while, and are excited to have now reached an agreement to purchase this fantastic business - a company we believe is still in the early innings of its growth opportunity. Prices for clothing range from $3-$15. A 2020 Hulu study found 75 per cent of Gen Z respondents rejected easy categorisation of their race, gender or sexuality, while 60 per cent felt their identity was linked to a broad mix of factors, including race, culture and language. To minimize the likelihood of being scammed, you should only make a transaction through the app and not offline or off the platform. [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]. Depop is powered by young influencers like 20-year-old Moira Campos who is one of Depop's top sellers. However, while the idea behind the two is similar, there are some key differences between Vinted and Depop. By providing your email address below, you are providing consent to Etsy to send you the requested Investor Email Alert updates. Unfortunately, Depop doesn't ship directly to Europe. For Gen Z, the trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. If you experience any issues with this process, please contact us for further assistance. Secondhand may be sustainable but its also cool. It's a bit more buyer-friendly, encouraging users to make quick transactions and enabling them that by intuitive and straightforward service. If y'all remember I posted how I got banned for hashtags that were FINE. The mission of my brand is to represent the underrepresented, says Depop seller Tom Evans (@areaeighteen). 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. Take up to four photos. 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. This presentation contains forward-looking statements within the meaning of the federal securities laws. 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. There are plenty of resources available to help you cleared up any questions you may have. Users can pay for items using PayPal. Do NOT buy from GB via Depop if you live in the EU. That said, you can expect to ship your items at lower prices when using Vinted. Etsy expects to share more information in conjunction with its second quarter 2021 financial results. Items are usually secondhand or homemade. To make sure everything arrives in one clean piece, pack your items well; Keep your buyer informed. Depop, on the other hand, is a better choice for a small business. These risks and uncertainties include, among others, the possibility that the conditions to the closing of the acquisition of Depop may not be satisfied or waived or that other events may cause the acquisition to not be completed, the potential impact to the business of Depop or Depop's relationships with its marketplace community due to the announcement of the acquisition, Etsy's ability to successfully integrate the acquisition and execute on its business plan and 'house of brands' operating model, and general economic conditions, many of which are beyond Etsy's control, and other risks and uncertainties that are more fully described in our filings with the Securities and Exchange Commission, including in the section entitled "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and subsequent reports that we file with the Securities and Exchange Commission. Otherwise, all transactions made in the app are protected, so it should be safe to sell on Depop. Many sellers model the clothes they sell themselves. Credit Suisse served as exclusive financial advisor to Depop and Weil, Gotshal & Manges LLP served as its legal advisor. The brand registered unprecedented growth in May and July 2020, with. 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. SourceForge ranks the best alternatives to Depop in 2022. As in most cases, it depends. As of March 31, 2021, Etsy had approximately $2.0 billion in total liquidity consisting of $1.8B in cash, cash equivalents and short and long term investments on its balance sheet and an undrawn $200 million revolving credit facility. Email us at feedback@voguebusiness.com. Depop is the community-powered fashion marketplace to buy and sell unique fashion, with over 30 million registered users in more than 150 countries. <br><br>I have demonstrated skills and experience in public relations, fashion marketing, and fashion communications. 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. Bahrain. [16] Celebrities have resold their own items on Depop, with some donating proceeds to charitable causes. As of today, Vinted is available in 15 countries. With 4 million active buyers and 2 million . Online marketplace Etsy announced . While creating a Depop account, your phone number will be required. 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. Available on Android and iOS (free) Another great app for the starving student! Shares of Etsy have more than doubled in the last 12 months thanks to an e-commerce boom resulting from the coronavirus pandemic. Up to 140,000 new listings every day. Depop does not offer other ways to make money apart from selling items such as clothes, shoes, and other items. 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. Place your item in a box or shipping envelope, available at office supply stores or the post office. Sign up to our newsletter for a truly global perspective on the fashion industry. eBay allows you to edit and crop your photos compared to Depop, which lacks that functionality. Only limited information is available about the algorithms and modelling behind ChatGPT, which makes it difficult . Adwoa Owusu-Darko (@minisworld) even runs a mentorship business, teaching others how to mirror her Depop success. It also gives the online marketplace a bigger footprint in fashion resale. Company summary. ThredUP currently ships to the United States and Canada, with no current plans to expand to additional countries at this time. 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. Make sure your clothing is the focal point of the picture by keeping the . 4 locations detected. Weve been a long time customer of MyUS, and weve never had any issues with their service. Vinted and Depop have different payment policies. Depop also requires sellers to make their offers look more professional, which is why it's better suited for small businesses. VP of Investor Relations, Jessica Schmidt Compare features, ratings, user reviews, pricing, and more from Depop competitors and alternatives in order to make an informed decision for your business. You need at least a Starter Account to use this feature. Alternatives to Depop. You can also save money on shipping by using Packlink to compare couriers and find the most cost-efficient solution. eBay is an e-commerce platform, at first only providing customer-to-customer auction services, expanding into business-to-consumer shortly afterwards. However, while both apps provide practically the same services, they differ in a few key areas. At Etsy, we promise to treat your data with respect and will not share your information with any third party. Sure, both platforms offer similar services, but their approach is different. If you look around online, youll find a bunch of companies in the U.S. offering physical United States addresses to customers located overseas. However, we have a pretty simple solution that gets around this restriction. 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. . We're a community that inspires and connects our users." GET SERVICE INSTANTLY . The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Depop is a social shopping app that has been described as a mix of eBay and Instagram. 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. Etsy CEO on how $1.6 billion deal for Depop could help the company grow. These are called 'Shop Policies,' stating whether you accept returns as a seller. You can sign up for additional alert options at any time. Pay for the item, tell the seller where to ship it, and pay for it. To download the Depop mobile app, go to Google Play and click download. Depop is a peer-to-peer social shopping app based in London that first launched in 2011. Thrift stores, in the Poway area, are pretty cheap. Skepta Nike Air Max Plus, SK Air Blue Tailwind Size: UK 8.5 Condition / info: 10/10 Condition, Worn A Handful Of Times perfect condition PLEASE READ International Shipping is available for all countries UK 48 Tracked Royal Mail Shipping to all UK orders Items are shipped within 48 hours Guaranteed All of our items are second hand unless stated otherwise. Send your buyer a message thanking them and letting them know when you plan to ship; Ship ASAP using tracked delivery. Please read rules before posting. The company was founded in 2011 and is headquartered in London . 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. The freight forwarder accepts the package on your behalf. I think for my generation it comes quite naturally Theres a lot more respect and open conversation., For Gen Z, the inspiration journey is never linear, Semple says. 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. Goldman Sachs & Co. LLC served as exclusive financial advisor to Etsy, Deloitte as due diligence advisors, and Fenwick & West LLP and Allen & Overy LLP served as Etsy's legal advisors. Essentially, the more you engage, be it by liking items, listing products, following other users, etc., the more sales you're likely to generate. Depop is a reliable website that allows you to buy and sell items. Both apps also target slightly different audiences. And it doesn't look like there's a way to list items from a computer. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. 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. Etsy is buying secondhand fashion app Depop for $1.62 billion in a deal primarily consisting of cash. Decide your price. When we do drops, its really hard to kind of nail down an aesthetic.. Then you can access your favorite statistics via the star in the header. "Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions)." The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. Dont worry, youre not going to need to splash out on a property, there is a much cheaper solution. Hadiyah Hussain is studying at Central Saint Martins in London alongside her Depop career. r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. Retailers and brands might consider how they can inspire Gen Z to be entrepreneurs. 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. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. Statista. Depop is a legitimate app that lets sellers sell items and buyers buy items; hence not a scam.