It provides a mobile marketplace that enables individuals to buy and sell their items on iOS and Android platforms. A sub for discussing all things Depop. As of today, Vinted is available in 15 countries. 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. And then I still do a few [dance] teaching jobs and dance performance jobs on the side. An overwhelming 90 per cent of its active users are under the age of 25. 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. Depop's GMS grew at a compounded annual growth rate of nearly 80% from 2017-2020. 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. Date of release is date of access.Figures have been rounded. 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. Depop. [13], Most of the items sold on Depop are used, vintage, and repurposed pieces of clothing. $1 Billion made by the Depop community to date. 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. You need a Statista Account for unlimited access. The company was founded in 2011 and is headquartered in London . Depop is a peer-to-peer social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. 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. Sr. Director of Investor Relations, Patricia Cruz The Company operates through four segments: Etsy, Reverb, Depop, and Elo7. Discover independent brands making waves and the creators behind them. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. 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. ", "Is Depop being gentrified? Depop is the app for you . Depop is headquartered in London, England and Los Angeles, California. Depop, on the other hand, is a better choice for a small business. Vintage, streetwear, one-of-a-kind, Y2K are the biggest styles on Depop. Its important to have cultural fluidity, she says. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. Please do not hesitate to contact me. statistic alerts) please log in with your personal account. 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. The app is also meant for buyers looking for items they can buy. Describe what you're selling. Weve talked about fluidity as much more than gender for some time at Depop, says chief brand officer Peter Semple. Since Depop has attracted young people, you can expect a lot of clothing and other items to be approved by the millenials. In the post-pandemic era, music and entertainment experiences that go beyond buying and selling will be much-needed by Gen Z, he says. Growing up in a hyper-connected world, Gen Z is more vulnerable to macro level uncertainties, the report finds. The Dark Side of Depop | BoF - The Business of Fashion 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. With a website and apps available on both iOS and Android, Depop promises to be an online shopping. In 2021, Depop was acquired by Etsy for $1.6 billion. As a mobile app, it is available on iOS and Android platforms. Deb Wasser Depop proudly states that 90 percent of its active users are under 26. Disclosure. Find what you are looking for, negotiate with the seller through the apps inbuilt messenger. Available on Android and iOS (free) Another great app for the starving student! 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. Depop was founded in 2011 by entrepreneur Simon BeckermanDepop is a buy and sell app that allows you to sell items. 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. Depop Summary. That leads us to the question, which of these two reselling platforms is better? r/Depop W for me today after 10 incompetent depop support representatives finally got someone to review my account suspension. As for Vinted, they have a buyer's protection feature. Depop significantly grows Etsy's GMS in the apparel sector, which was ~$1 billion in 2020. Shipping guide - Worldwide - Depop help GB 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. 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. A lot of people in my generation have that set-up income from a few little baskets, he says. eBay Revenue and Usage Statistics (2023) - Business of Apps Monthly active users (MAU) of the Depop app in the United Kingdom (UK) from January 2018 to October 2021 (in millions) [Graph]. Depop Is the New Instagram but Not in a Good Way Document We estimate that one in four 15-24-year old's in Australia are on Depop," says Aria Wigneswaran, Country Manager Australia, Depop.. Depop is the community-powered marketplace app where people exploring style and the latest trends come to shop and sell circular fashion. In June 2021, Etsy announced it would acquire Depop for $1.6 billion in cash. Now imagine if someone came through and bought a pair of pants for $12 . I am currently studying towards my MA in Strategic Fashion Marketing at the University of the Arts London: London College of Fashion. 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. Depop's beginnings were also relatively humble. Thats now the slogan of the brand I work with a lot of queer people, its just kind of asking them how they want to show up in the world. Sure, both platforms offer similar services, but their approach is different. my buyer. Barney Willis on LinkedIn: #etsy #depop #amazon #pinterest #fiver [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]. We disclaim any obligation to update forward-looking statements. If you experience any issues with this process, please contact us for further assistance. Both apps also target slightly different audiences. Depop | LinkedIn Engineering Manager Job London England UK,IT/Tech [8][bettersourceneeded], In June 2019, Depop raised $62 million in Series C from General Atlantic to fund its expansion. How Brands Are Collaborating with Depop to Reach Young Shoppers The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. In 2012, Depops headquarters were moved to London, and the company opened additional offices in Milan and New York City. Here are some vital facts and figures about how Depop works today. The Best Depop Bots of 2022: The Ultimate Guide - oneshop.com Depop has evolved to become the community-powered fashion marketplace to buy and sell unique fashion, with approximately 30 million registered users in more than 150 countries. 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. trend cycle continues to quicken, posing a challenge for fashion brand marketers seeking to connect with younger consumers. Essentially, youll be able to get any item from the Depop store shipped to Europe, all for a crazy low price. The website was launched in 2011 as a social network for PIG magazine readers wanting to buy featured items. In addition, Etsy, Inc. owns Reverb, a leading global online marketplace dedicated to buying and selling new, used, and vintage musical instruments. Unlike Depop sellers, Vinted sellers don't pay any fees. OpenAI explain why some countries are excluded from - nature.com After submitting your request, you will receive an activation email to the requested email address. 4 locations detected. The buyer pays shipping costs and a small buyer protection fee when buying via Vinted. 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. [5] Depop expanded and opened additional offices in Milan and New York City.
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