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How Etsy Can Fuel More High Growth

TheMotleyFool

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Etsy (NASDAQ: ETSY) has been winning big in 2020 with new buyers, which contributed to strong revenue performance in the third quarter. Revenue more than doubled year over year, while new buyers made up a quarter of its gross merchandise sales.

While investors might be concerned about how a COVID-19 vaccine could slow down Etsy's momentum if more people feel comfortable shopping in stores again, Etsy still has opportunities to drive further growth.

One of management's top priorities has been to convince lapsed buyers that Etsy can be a go-to place to shop for a range of items for many occasions.

Source Fool.com

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