Etsy Announces 2021 Design Awards Winners
Considering that Etsy is known as a place to find unique gems, it feels appropriate that the highest honor goes to a creator whose every piece is one of a kind. Get it now! Chosen by Etsy shoppers, these dainty stained glass flowers bring delight and whimsy to any room, any time of year.news.yahoo.com
The global used-clothes market is worth $40 billion annually
Data: FactSet, press reports; Chart: Axios VisualsThe global used-clothes market is worth $40 billion per year, according to Boston Consulting Group, and is growing at more than 15% per year. Like all other retail, it's moving increasingly online. Driving the news: Etsy announced this week that it was buying U.K.-based Depop, a fashion reseller beloved by #teens, for $1.6 billion. Get market news worthy of your time with Axios Markets. Subscribe for free.Etsy itself, now boasting a market valuatnews.yahoo.com
Stocks making the biggest moves midday: Etsy, Virgin Galactic, Foot Locker & more
Etsy — Shares of the e-commerce company popped nearly 13% on Friday after beating on the top and bottom lines of its quarterly results. The space tourism company reported an adjusted EBITDA loss of $59.5 million, down slightly from a loss of $66 million in the previous quarter. DoorDash — Shares of the food delivery service slid more than 1% following the company's quarterly results. Foot Locker — Shares of the shoe retailer fell more than 6% on Friday after revenue for the company's fiscal fourth-quarter came in below expectations. The company reported $1.04 in adjusted earnings per share on $5.82 billion in revenue.cnbc.com
Stocks making the biggest moves in the premarket: Foot Locker, Beyond Meat, DoorDash & more
Take a look at some of the biggest movers in the premarket:Foot Locker (FL) – Foot Locker shares tanked 12.1% in premarket trading after quarterly revenue came in below Street forecasts and comparable-store sales unexpectedly declined. The athletic apparel and footwear retailer also reported quarterly profit of $1.55 per share, beating consensus by 20 cents a share. Cinemark was impacted by pandemic-related theater closures, although quarterly revenue did top Wall Street forecasts. Etsy (ETSY) – Etsy earned $1.08 per share for its latest quarter, well above the 59 cents a share consensus estimate. Workday (WDAY) – Workday reported quarterly earnings of 73 cents per share, beating the 55 cents a share consensus estimate.cnbc.com
Etsy stock surges on earnings beat and strong guidance
Etsy reported better-than-expected fourth-quarter results after the bell on Thursday, including soaring profits and 129% revenue growth. Etsy declined to give guidance for the full year of 2021, citing future macroeconomic conditions tied to the coronavirus pandemic. In the fourth quarter, Etsy said it attracted 61 million new or reactivated shoppers to its site and recorded nearly 160% growth in "habitual buyers." In a statement, Etsy CEO Josh Silverman acknowledged that the growth will likely temper in 2021 compared to last year. Correction: An earlier version of this story misstated Wall Street's expectations for Q1 2021 revenue.cnbc.com
Etsy shares jump 9% after Elon Musk tweets he 'kinda loves' the e-commerce company
Shares of Etsy are popping after Tesla chief Elon Musk sent a simple tweet about the e-commerce company. Ety's stock rose 9% in premarket trading following Musk tweeted: "I kinda love Etsy." The e-commerce company stock wasn't moving at all in the premarket before Musk's callout at 6:25 a.m. Musk is no stranger to wild activity on Twitter, with a history of influencing stock prices, especially Tesla shares, with bold statements on the social media platform. Musk infamously tweeted last year that Tesla's stock was "too high," sending shares even higher a week later.cnbc.com
Online vendors still peddling T-shirt promoting Capitol riot
T-shirts that celebrate the attack on the U.S. Capitol and falsely accuse President-elect Joe Biden of pedophilia were still being sold on Tuesday at Amazon, eBay and other online retailers. A screenshot captured January 19, 2021, shows a T-shirt promotes the January 6 assault on the U.S. Capitol. The eBay spokesperson noted that the company has also removed merchandise that supports far-right conspiracy theory QAnon. Last August, Amazon removed a T-shirt seller who sold offensive sweatshirts referring to Vice President-elect Kamala Harris. The "Battle for Capitol Hill" T-shirt on Amazon had been available on Zazzle, but the online retailer removed it last week, the New York Times reported.cbsnews.com
Here are the top performing stocks in the S&P 500 for 2020
Some of the names in the broad market index had particularly strong years, with six stocks gaining more than 100%. The S&P 500 finished 2020 with a gain of 16.26% for the year and closed at a record high on Thursday, a remarkable performance after a drastic selloff in February and March. Both electric vehicle maker Tesla and e-commerce company Etsy were added to the S&P 500 during the final four months of the year. The top-eight performers also includes two semiconductor stocks in Nvidia and Advanced Micro Devices. The S&P 500 is a market-weighted group of large cap stocks in the U.S. and is the benchmark that many professional investors measure themselves against.cnbc.com
Mask entrepreneur inspired by Wonder Woman thanks her superhero via Zoom
Mask entrepreneur inspired by Wonder Woman thanks her superhero via Zoom Angelina Ritto's mask-making business on Etsy exploded after a tweet by "Wonder Woman" actress Lynda Carter. Vladimir Duthiers connects, via Zoom, a TV superhero and the woman she inspired for a heart-warming chat.cbsnews.com
Etsy: Connecting creatives with buyers by the millions
Amberlee Isabella making candles to be sold via Etsy. And like thousands of Etsy sellers, they turned what began as a side-interest into full-time jobs. In the second quarter of this year, Etsy sellers sold over $375 million worth of masks." Etsy sellers had the mask market totally covered. Giles asked, "There's a way that Etsy does things, and if you don't do things the Etsy way, they can be kind of punished?cbsnews.com
Etsy: Connecting artists with buyers by the millions
Etsy: Connecting artists with buyers by the millions With more people shopping at home these days, the e-commerce site Etsy has allowed more than three million artists, designers, craftspeople and hobbyists to find markets for their work. Correspondent Nancy Giles talked with entrepreneurs who have turned their side interests into full-time jobs; and with Etsy CEO Josh Silverman, who discusses how the pandemic created an opportunity to connect creatives with customers.cbsnews.com
Commemorate 2020 with your own ‘dumpster fire’ toy
LOS ANGELES – Ever wanted to commemorate 2020 as the “biggest dumpster fire of the year"? Amir Fakharian, of Los Angeles, created a 2020 dumpster fire toy, causing a huge sensation on his Etsy store, RexRoi3D. The toy is 3D-printed and LED lights are added to resemble an actual dumpster fire. Fakharian told USA Today in an interview that because of the rising demand of the dumpster fire toy, he had to stop making other products to solely focus on the production of the toy. The 2020 dumpster fire toy is currently available for ordering on Etsy for a price starting at $19.99 and will arrive before Christmas.
Homespun BLM products include cookie kits, garden gnomes
One of the cookie-decorating kits she offers has a Black Lives Matter theme. Other examples of homespun BLM merchandise include wine stoppers and even garden gnomes — objects more often associated with white suburbia. The yellow-and-black-clad gnome — a nod to the colors used on a Black Lives Matter website — wears a “BLM” hat. “Hopefully, someone who sees it is not offended.”He has since gotten a few orders for either Black Lives Matter gnomes or African American gnomes. Kate Mayer, 37, of Cincinnati, decided to offer a Black Lives Matter wine bottle stopper among her dozens of handmade wine stoppers.
Calling all business owners: How have you been affected by COVID-19?
But we do want to hear from you, business leaders and owners, if you’re so willing to share. What are the specific ways you’ve been affected? Is your community coming together to order takeout in droves, or has business been flat ever since February or so? If you’re comfortable providing some details, we’d love to hear them, and possibly feature you in a future news story. And if you’re not interested in that, but you’d still like to unload, please.
11 pop culture face masks that would be fun to wear in public
Whether you like it or not, wearing a face mask in public has become the new norm when it comes to protecting yourself and others from COVID-19. Disposable face masks work great, but with no design whatsoever. (Whiskey and Zen/Etsy)Who wouldn’t love a face mask from the Rose Apothecary in Schitt’s Creek? This face mask hopefully will give people at the grocery store a chuckle. Wear a face mask around your friends and family to protect them from COVID-19, plus make some people smile with this “Golden Girls” tribute.