Depop news and archive

Depop and Wiz Khalifa partner for drops

Community-powered resale platform, Depop, has launched an exclusive, curated shop with multi-platinum selling, Grammy and Golden Globe nominated recording artist, Wiz Khalifa. A portion of the proceeds from the shop will be donated to music education program Little Kids Rock and 412 Food Rescue, a non-profit organization dedicated to recovering...

Fashion Featured

Why re-sale is fashion’s most bankable new market

When Etsy snapped up Depop for 1.6 billion dollars investors took note. Dubbed the “resale home for Gen Z” by Etsy CEO Josh Silverman, the app, which counts over 30 million registered users, has enormous potential to be scaled. Expansion would see the company grow its share in a booming and growing resale market, which according to analytics...

BusinessFeatured

Etsy to buy second-hand fashion platform Depop for 1.6 billion dollars

US online marketplace Etsy is to acquire British second-hand fashion platform Depop for 1.6 billion dollars as part of a Gen Z push. Etsy, a marketplace that specialises in handmade and vintage goods, announced Wednesday it plans to buy Depop primarily in cash as it looks to attract a younger audience. Approximately 90 percent of London-based...

RetailFeatured

Gen Z consumer inspired by sustainability and self-expression

Gen Z’s shopping behaviours are “strongly influenced” by brands commitments to social and environmental sustainability, according to a new report from marketplace Depop and consultancy firm Bain and Company. Based on a survey of 2,000 Gen Z Depop buyers and sellers in the UK, US and Australia, the ‘Futureproof: How Gen Z’s empathy, awareness and...

People

Depop chief operating officer steps down

Depop chief operating officer (COO) Dominic Rose has stepped down from the company. Rose joined the resale platform in 2018 as a consultant before being promoted to chief of staff and then COO in 2019. Prior to joining Depop, he held roles as business innovation manager at AllSaints and director of strategy and business development at Asos....

Business

Depop to expand UK team following surge in demand during lockdown

Resale platform Depop is planning to expand its UK workforce by almost a quarter to around 320 employees by the end of the year after experiencing a boost in demand during lockdown. The London-based company said it expects its global workforce to have around 350 employees by the end of 2020, throughout its locations in London, Manchester, Los...

Fashion |INTERVIEW Featured

Resale growth during Covid-19: sellers engage in ‘quarantine clean out frenzies’

It’s no mystery that the fashion industry has been hugely impacted by the Covid-19 crisis. Fashion companies saw their sales plummeting as stores closed, fashion events were cancelled or postponed and consumer shopping behavior changed drastically. But there seems to be an exception to the current bleak reality of the fashion industry: resale...

Business

Depop receives 62 million dollar investment

Secondhand marketplace Depop has received a 62 million dollar investment that they will be using to expand in Europe and Asia. THe U.K. based shopping app, which has seen significant growth in the United States, is focusing on expanding to more countries in Europe, as well as expanding in Japan and South Korea in the near future. Depop's 62...

Fashion

VFiles Runway names winners for September show

London-based fashion labels Wesley Harriott and Pierre-Louis Auvray have been named among the winners of the VFiles Runway showcase set to take place during New York Fashion Week this September. VFiles Runway confirmed that four designers will be taking part in the showcase at the Barclays Center in Brooklyn, in partnership with Depop, on...

BusinessFeatured

Depop raises 20 million dollars in investment

Depop, the social shopping platform, has secured 20 million dollars in funding in a Series B funding round, which it states will assist the app’s global expansion plans. The funding round was led by Octopus Ventures, with support from TempoCap, and existing investors including Balderton, HV Holtzbrinck Ventures, H-Farm, Creandum, and Lumar, as...