As promised, Etsy is promoting sellers whom it determines are eligible for its brand new Star Seller program. Etsy sent a marketing email on Monday with the subject line, “Meet some Star Sellers.” The email explained to shoppers what the Read more
Etsy touted a “retrieval engine” called XWalk that improves search results, reminiscent of eBay’s Cassini search engine. In its 2nd-quarter earnings announcement, Etsy stated: “We continued to improve our search capabilities by leveraging the engagement of buyers and sellers and Read more
Etsy grew revenue 23% in the 2nd quarter of 2021, though in comparison it grew Gross Merchandise Sales 13%, it reported on Wednesday. An excerpt of the company’s financial press release follows. Etsy, Inc. Reports Second Quarter 2021 ResultsEtsy, Inc. Read more
Etsy announced today it is acquiring Elo7, an online marketplace based in Brazil, for $217 million, subject to certain adjustments. Etsy CEO Josh Silverman said it will establish a foothold for Etsy in an underpenetrated ecommerce region. Elo7 was founded Read more
Sales on the Etsy marketplace grew 144% to $2.9 billion in the first three months of 2021. Sales including Reverb grew 132% and revenue 141%. In what may be news to sellers, Etsy said it had enhanced personanlized search in Read more
Etsy’s board of directors is giving its CEO Josh Silverman a $9 million equity award to retain and motivate him over the next four years. According to Etsy’s filing with the SEC, the board of directors and the compensation committee Read more
Etsy CEO Josh Silverman called California consumer protection bill AB 3262 a “wolf in sheep’s clothing,” and he accused Amazon of lobbying and “working back channels” to make the legislation burdensome for its rivals. “Amazon is taking bold steps to Read more
Etsy CEO Josh Silverman called on European leaders to consider the self-employed, micro businesses, and gig workers when working on national economic recovery measures. The CEO made a similar plea to US legislators last week as they worked on emergency Read more
Etsy is providing a one-month grace period to any seller who needs extra time paying their bills due to the COVID-19 outbreak. The news came in an email from Etsy CEO Josh Silverman on Friday, and the devil is in Read more
Congress is working on emergency relief efforts to help individuals and businesses impacted by the coronavirus outbreak, but Etsy said the self-employed were largely not covered by the current proposals. Many sellers don’t qualify for social safety net programs such Read more
