Depop Names Peter Semple as Permanent CEO Amidst Feature Expansion
Depop, the popular online marketplace, has appointed Peter Semple as its permanent CEO. The company, acquired by Etsy for $1.6 billion in 2021, has been making strides with innovative features like Outfits and generative AI. Meanwhile, Pinterest has introduced Shuffles and collages, mirroring some of Depop's offerings.
Peter Semple's appointment as permanent CEO comes after serving as interim CEO since July 2023. He took over the role from previous CEO Maria Raga, who stepped down in April 2021. Semple's appointment signals a period of stability and continuity for the company.
Depop has been expanding its offerings to become a daily destination for fashion inspiration. In 2022, it introduced Outfits, an in-app feature allowing users to style outfits using marketplace inventory. Users can create outfit collages, adjust item sizes, customize backgrounds, and even find similar sold-out items. Depop users can save and share their creations on Instagram or Gemini.
To enhance user experience, Depop introduced generative AI and image recognition technology in 2022. This innovation helps generate product descriptions, making listings more detailed and appealing.
Pinterest, a rival platform, has also been expanding its features. In 2022, it introduced Shuffles, and in 2023, it added collages to its main app. These features offer similar functionality to Depop's Outfits, indicating a growing trend in visual content creation and curation.
With Peter Semple at the helm and innovative features like Outfits and generative AI, Depop continues to grow and adapt in the competitive online marketplace landscape. Meanwhile, Pinterest's expansion with Shuffles and collages signals a broader trend towards visual content creation and curation.
