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 invited sellers to help it advocate for a simpler federal alternative to state sales tax collection requirements. It put together charts showing when it began collecting sales tax for each state, and they demonstrate how when one state gets Read more
Once again, an online marketplace wants sellers to do the work to drive traffic to its site. While it can be a win-win, there’s an added challenge for Etsy sellers: they may end up paying extra fees for their off-Etsy Read more
Etsy added 82 attributes to the Gemstone category as part of its monthly updates to categories and attributes. Etsy also added subcategories to the Video Game category. As it explained, shoppers can use categories to filter searches and when using 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
Etsy will give away $20,000 and television exposure to the winner of its third annual Design Award (aka The Etsies). Sellers have until June 25, 2021 to enter their submission. Etsy will also give 100 finalists a $250 Etsy gift Read more
Etsy will acquire Depop for $1.625 billion in a primarily cash deal. Etsy described the company in its press release as a “privately-held, community-led, and purpose-driven marketplace for unique fashion” that was founded in 2011. Depop boasted 4 million active Read more
Etsy will charge sellers in certain European countries a new fee beginning July 1, 2021. It blamed the decision to raise rates on the cost of doing business in many countries, giving Europe’s Digital Services Tax as an example. “Through Read more
eBay and Etsy sent urgent emails to sellers over the weekend about legislation in Congress that the marketplaces say would harm small sellers and that Etsy says would put sellers’ safety at risk. eBay warned, “Tell Your Senators Not To Read more
