To Beat the Bears, Etsy Has to Leap Over This Hurdle
With restrictions placed on physical shopping, and consumers spending more time than ever at home, online marketplace Etsy (NASDAQ: ETSY) absolutely thrived throughout the pandemic. Year-over-year growth in excess of 100% for both revenue and gross merchandise sales (GMS) was a normal occurrence in the quarters that followed the start of the pandemic.
But as the business faces near-term headwinds, stemming from reopening economies and high inflation, Etsy will undoubtedly have a harder time encouraging its 89.1 million active buyers (excluding subsidiary marketplaces Reverb, Depop, and Elo7) to transact more frequently, which is management's ultimate objective.
Let's take a closer look at this specialty e-commerce marketplace.
Source Fool.com
