Ecommerce Industry News
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
Etsy is acquiring music-gear marketplace Reverb for $275 million in cash. In announcing the news, Reverb founder and CEO David Kalt said Reverb would remain a standalone business, but with the added support of Etsy. […]
Two years after becoming CEO of Etsy and going on a cost-cutting regimen, Josh Silverman showed his commitment to marketing by hiring a Chief Marketing Officer. Ryan Scott will join Etsy on June 24, 2019, […]