Etsy CEO says Depop opens a path to younger shoppers
August 6, 2021
CEO Josh Silverman said Etsy’s acquisition of the Depop resale app will give his company access to younger shoppers. Mr. Silverman expressed optimism about Etsy’s outlook as he pointed to sales gains being made beyond face masks. As for the recent acquisition, he said, “Depop might be for Etsy what Venmo was for PayPal, the choice of the next generation.”
Recent News
Coca-Cola Beats Expectations, Raises Revenue Forecast
Coca-Cola recently released its quarterly earnings report, surpassing predictions from analysts and adjusting its outlook for full-year organic revenue.
Walmart Unveils New Premium Brand Bettergoods To Broaden Appeal
Walmart’s launch of Bettergoods is the retail giant’s latest attempt to appeal to younger consumers.
Peacock Streaming Service To Raise Subscription Prices by $2 Before Summer Olympics
Ahead of the Olympics in Paris, Comcast’s NBCUniversal plans to raise the monthly subscription price of its streaming service, Peacock, by $2 this summer.
Rolls-Royce Expands Factory To Craft More ‘Bespoke’ Cars
Rolls-Royce is making substantial expansions to its Chichester factory in England to focus its efforts on more expensive cars.