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Etsy is trying to recreate pandemic-era sales. Here's where it's having trouble

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E-commerce giant Etsy boomed during the pandemic, but less than four years later, its sales are declining, its stock has lost more than 70% of its value and missed earnings in 2023 and 2024 revealed other disappointing results.

"After the big increase in both buyers and spending per buyer during Covid, it looks like they've hit a wall," said Jason Helfstein, a managing director at Oppenheimer & Co.

"That made it harder than we expected to bend the curve, which was disappointing," he said during the company's earnings call.

Source: News Formal (newsformal.com)

Online Retail Technology E-Commerce Earnings Consumer Spending Discretionary Spending Economic Events Economy Layoffs Inflation Corporate Stock ETSY Inc Video First Breaking News: Business Business Breaking News: Technology Business News

 

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