Depop

Etsy, Inc. Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 21, 2024
Acquisition, Social media, Infant, Ethics, ROI, Investment, Marketing, Annual report, Biophysical environment, Culture, Growth, GMS, Sale, ESG, Collecting, Gift, Adjustment, Cyber Monday, Internet, Scale, Synthetic media, Registry, GAAP, Depop, Consolidated, Machine learning, Monday, Online shopping

BROOKLYN, N.Y., Feb. 21, 2024 /PRNewswire/ -- Etsy, Inc. (NASDAQ: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced financial results for its fourth quarter and full year ended December 31, 2023.

Key Points: 
  • For information about how we define our metrics, see our Quarterly Report on Form 10-Q for the quarter ended September 30, 2023.
  • We also made improvements to the item ranking we use for recommendations in order to consider longer-term buyer interests and deliver more diverse results.
  • Select highlights of fourth quarter business initiatives for the Etsy marketplace are outlined below:
    Product: Focused on increasing Consideration for Etsy: Quality + Great Value + Reliability.
  • We expect to maintain very healthy margins, with consolidated Adjusted EBITDA margins for 2024 at least similar to 2023.

United States B2C Ecommerce Market Report 2022: A $2,323.9 Billion Market by 2026 - Marketplaces are Entering into Mergers and Acquisition Deals

Retrieved on: 
Friday, October 7, 2022
Online, Book, Air travel, DoorDash, Electronics, Prepaid Payment Instruments in India, CVS, E-commerce, Growth, Booking.com, Radar Music Videos, B2C, CAGR, Albertsons, Deliveroo, Entertainment, Partnership, EBay, Generation Z, Westin Hotels & Resorts, Costco, Acquisition, Postmates, Travel, Industry, Health, Clothing, Gen, Etsy, Nimble, Drizly, Autodesk Media and Entertainment, Walmart, Amazon, Marks & Spencer, Dominoes, Foodservice, Jet2holidays, Beauty, Bloomberg, Uber, Retail, Online shopping, Department store, Video game, Food delivery, Depop, Technology, Airbnb, Expedia

According to the Q2 2022 B2C Ecommerce Survey, the market in United States is expected to grow by 11.80% on annual basis to reach US$1,574.5 billion in 2022.

Key Points: 
  • According to the Q2 2022 B2C Ecommerce Survey, the market in United States is expected to grow by 11.80% on annual basis to reach US$1,574.5 billion in 2022.
  • The medium to the long-term growth story of the B2C Ecommerce industry in United States promises to be attractive.
  • The country's B2C Ecommerce Gross Merchandise Value will increase from US$1,408.3 billion in 2021 to reach US$2,323.9 billion by 2026.
  • To enter the market with high barriers, United States-based e-commerce marketplaces are entering into mergers and acquisition deals.

United States B2C Ecommerce Market Analysis/Opportunities Report 2022: e-Commerce Players are Looking at the Metaverse to Create Enhanced Shopping Experiences for their Customers - ResearchAndMarkets.com

Retrieved on: 
Wednesday, September 28, 2022
Online Retail, Electronic Commerce, Retail, Technology, Delivery Services, Online, DoorDash, Health, Walmart, Dominoes, Radar Music Videos, Electronics, Nimble, B2C, Gen, Jet2holidays, Beauty, Air travel, Marks & Spencer, Westin Hotels & Resorts, Foodservice, Prepaid Payment Instruments in India, Postmates, Acquisition, Albertsons, Growth, Drizly, Partnership, Autodesk Media and Entertainment, E-commerce, Industry, Travel, Book, Costco, Bloomberg, Booking.com, Entertainment, Clothing, CVS, Deliveroo, Amazon, Uber, Generation Z, EBay, Etsy, CAGR, Retail, Online shopping, Department store, Video game, Food delivery, Depop, Expedia, Technology, Airbnb

The B2C Ecommerce market in United States is expected to grow by 11.80% on annual basis to reach US$1,574.5 billion in 2022.

Key Points: 
  • The B2C Ecommerce market in United States is expected to grow by 11.80% on annual basis to reach US$1,574.5 billion in 2022.
  • The medium to long-term growth story of the B2C Ecommerce industry in United States promises to be attractive .
  • The B2C Ecommerce market is expected to grow steadily over the forecast period, recording a CAGR of 10.22% during 2022-2026.
  • Consequently, to create an enhanced shopping experience for their customers, many players in the e-commerce segment are investing and innovating in the metaverse space.

Pop-Tarts® x Depop is Here For Fashion and Food Fans Craving Unique Flavor-Inspired Looks

Retrieved on: 
Thursday, September 22, 2022
Pop-Tarts, Kellogg's, Magic, ESG, Twitter, NYSE, Frosted Flakes, Collection, Creativity, Eggo, Depop, Partnership, Corn flakes, Happiness, Running, Better Days, Ice cream, Climate, Kellogg, Food science, Box, The Collection, Food security, Morningstar Farms, Multimedia, Snack, Grocery store, Baking, Soft drink, Nightclub, Pringles, Facebook, Instagram, Marketing, Etsy

BATTLE CREEK, Mich., Sept. 22, 2022 /PRNewswire/ -- Pop-Tarts is taking its iconic flavors from edible to wearable in a new collaboration with fashion marketplace, Depop. United by the power of nostalgia and a crazy-good fanbase, the two brands are launching the official Pop-Tarts x Depop Collection featuring five unique, flavor-inspired collections. Each collection includes thrifted pieces hand-selected by Depop's most ingenious creators, drawing inspiration from a beloved Pop-Tarts flavor:

Key Points: 
  • United by the power of nostalgia and a crazy-good fanbase, the two brands are launching the official Pop-Tarts x Depop Collection featuring five unique, flavor-inspired collections.
  • That means no matter which flavors fans love the most, fashion-and-food-lovers can now go all-in on their go-to Pop-Tarts through these one-of-a-kind looks.
  • The flavor collections will be available on the official Pop-Tarts Shop on the Depop app and Depop.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.

Etsy Names Kruti Patel Goyal Chief Executive Officer of Depop and promotes Nick Daniel to Chief Product Officer of Etsy

Retrieved on: 
Wednesday, July 20, 2022
Stanford University, University, Master of Information System Management, Computer, Corporate development, Morgan Stanley, Nick, ETSY, Investor relations, Product management, Boston University, Disclosure, SEC, Culture, Partnership, Clothing, House, Blog, Lightning, Marketing, Rotation, Viacom, BS, Regulation, NASDAQ, News, General Atlantic, RED, Product Red, Leadership, Technology, MBA, Creativity, Information system, Computer engineering, International, Reverberation, Regulation Fair Disclosure, Engineering, Google, Growth, Harvard University, Mobile phone, Management, Public relations, Sales, Inc., Etsy, Kruti Parekh, Depop, Economics

With Kruti's transition to her new role, Etsy has promoted Nick Daniel, Vice President of Product Management, to Chief Product Officer.

Key Points: 
  • With Kruti's transition to her new role, Etsy has promoted Nick Daniel, Vice President of Product Management, to Chief Product Officer.
  • Etsy, Inc. Chief Executive Officer Josh Silverman commented, "Depop is a highly-relevant and authentic re-commerce brand that we believe is still early in its growth lifecycle.
  • In her current role as Chief Product Officer, Kruti has transformed Etsy's product development culture, scaled our teams, and significantly improved the shopping experience within the marketplace.
  • Nick has been with Etsy for more than eight years and currently serves as Vice President of Product Management.

United Kingdom Social Commerce Market 2022-2028: Global E-commerce Platforms are Acquiring Homegrown Social Commerce Sites to Increase Customer Base

Retrieved on: 
Friday, July 1, 2022
Draper Esprit, Acquisition, Taobao, Adoption, Population, Growth, Industry, Agora, Software as a service, Operational definition, Ageing, Depop, CAGR, Social commerce, Etsy, Quotations from Chairman Mao Tse-tung, Social media, Renewable energy, Online shopping, Shiga Lakestars, Mirakl

Consequently, with the burgeoning social commerce market in the United Kingdom, more social media platforms will increasingly see the launch of in-app check-out options, either standalone or in collaborations.

Key Points: 
  • Consequently, with the burgeoning social commerce market in the United Kingdom, more social media platforms will increasingly see the launch of in-app check-out options, either standalone or in collaborations.
  • The social commerce industry in United Kingdom is expected to grow by 30.4% on annual basis to reach US$19175.0 million in 2022.
  • With the booming social commerce market, startups are developing innovative social commerce tools to attract investors and expand their market share in the United Kingdom.
  • Below is a summary of key market segments:
    United Kingdom Ecommerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028
    United Kingdom Social Commerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028
    United Kingdom Social Commerce Industry Market Size and Forecast by Retail Product Categories, 2019-2028

United Kingdom Social Commerce Market Report 2022: Market is Expected to Grow by 37.5% to Reach $21.13 Billion in 2022 - Forecast to 2028 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, May 3, 2022
Internet, Communications, Social Media, Mobile, Wireless, Technology, Quotations from Chairman Mao Tse-tung, Population, Social commerce, Instagram, Draper Esprit, Acquisition, Taobao, Depop, Garnier, Agora, NYX, Industry, Adoption, Ageing, Etsy, Commerce, TikTok, CAGR, Software as a service, Operational definition, Growth, Social media, Video game, Online shopping, Shiga Lakestars, Mirakl

Social commerce industry in United Kingdom is expected to grow by 37.5% on annual basis to reach US$21, 133.9 million in 2022.

Key Points: 
  • Social commerce industry in United Kingdom is expected to grow by 37.5% on annual basis to reach US$21, 133.9 million in 2022.
  • The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 32.0% during 2022-2028.
  • Consequently, with the burgeoning social commerce market in the United Kingdom, more social media platforms will increasingly see the launch of in-app check-out options, either standalone or in collaborations.
  • With the booming social commerce market, startups are developing innovative social commerce tools to attract investors and expand their market share in the United Kingdom.

Whatnot Raises $150M Series C to Become the Premier Live Shopping Destination for Collectors and Enthusiasts of Nearly Any Category

Retrieved on: 
Thursday, September 16, 2021
Friends, Income, Investment, CapitalG, CA, Magic, Commerce, YouTube, View, Grant Logan, Growth, Multimedia, Android, Depop, IOS, Heat, General partnership, Partnership, Time, Auction, Music, Online shopping

Founded in 2019 by Grant Lafontaine and Logan Head, in less than two years Whatnot has become the biggest live stream shopping platform with a total valuation of $1.5B.

Key Points: 
  • Founded in 2019 by Grant Lafontaine and Logan Head, in less than two years Whatnot has become the biggest live stream shopping platform with a total valuation of $1.5B.
  • Whatnot's live stream shopping captures the excitement of the in-person experience, allowing expert sellers in nearly every category to go live and auction off everything from popular pieces to high-value holy grails.
  • "Whatnot has cracked the code on making online shopping engaging and fun through their community-first approach to livestream shopping.
  • As the platform has grown, thousands of new sellers have joined to share their passion with the Whatnot community.

Etsy completes acquisition of Depop, the global fashion resale marketplace for Gen Z

Retrieved on: 
Tuesday, July 13, 2021
Etsy, Depop, Reverb.com, Online marketplace, Companies, Corporations, Corporate finance

Depop, a community-powered, purpose-driven marketplace to buy and sell unique fashion, extends Etsy's opportunitiesfurther into the high frequency apparel sector, specifically in the fast-growing resale space serving the Gen Z audience.

Key Points: 
  • Depop, a community-powered, purpose-driven marketplace to buy and sell unique fashion, extends Etsy's opportunitiesfurther into the high frequency apparel sector, specifically in the fast-growing resale space serving the Gen Z audience.
  • Josh Silverman, Etsy, Inc. CEO, said, "We believe Depop to be the resale home for Gen Z consumers with a unique offering and highly-engaged user base.
  • Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world.
  • Etsy, Inc.'s "house of brands" portfolio also includes fashion resale marketplace Depop , musical instrument marketplace Reverb , and Brazil-based handmade goods marketplace Elo7 .

Etsy completes acquisition of Depop, the global fashion resale marketplace for Gen Z

Retrieved on: 
Tuesday, July 13, 2021
Etsy, Depop, Reverb.com, Online marketplace, Companies, Corporations, Corporate finance

Depop, a community-powered, purpose-driven marketplace to buy and sell unique fashion, extends Etsy's opportunitiesfurther into the high frequency apparel sector, specifically in the fast-growing resale space serving the Gen Z audience.

Key Points: 
  • Depop, a community-powered, purpose-driven marketplace to buy and sell unique fashion, extends Etsy's opportunitiesfurther into the high frequency apparel sector, specifically in the fast-growing resale space serving the Gen Z audience.
  • Josh Silverman, Etsy, Inc. CEO, said, "We believe Depop to be the resale home for Gen Z consumers with a unique offering and highly-engaged user base.
  • Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world.
  • Etsy, Inc.'s "house of brands" portfolio also includes fashion resale marketplace Depop , musical instrument marketplace Reverb , and Brazil-based handmade goods marketplace Elo7 .