February 27, 2021
In the second quarter of 2020, as the Covid-19 pandemic kicked off in earnest and personal protective equipment grew scarce, face masks accounted for a whopping 14% of gross merchandise sales (GMS) on handmade-goods platform Etsy. By the third quarter, masks would account for 11% of GMS, and by the fourth quarter that would fall to 4% but by then millions of one-time mask buyers had already become Etsy return visitors.
On Thursday, Etsy reported fourth-quarter earnings that blew past analyst expectations, including a 129% year-over-year increase in revenue (which hit $617 million) and a 375% year-over-year increase in net income ($148.5 million). For all of 2020, Etsy’s profit more than doubled, and GMS grew by 106%. The company also said that nearly half of the 3 million customers who only bought masks on the site in the third quarter came back to Etsy in the fourth quarter to buy other items. CFO Rachel Glaser called it “a great signal” for the company’s
Updated on February 26, 2021 at 9:30 am
NBC Universal, Inc.
After causing an internet sensation last month, Bernie s Mittens are back in the headlines, with Vermont s attorney general aiming to stop what he described as deceptive sales of knock-off mittens. I m annoyed, said Jen Ellis, the creator of the original mittens worn by Sen. Bernie Sanders, I-Vermont, describing how she is upset someone seems to be cashing in on her identity. Some people just have no morals. Download our mobile app for iOS or Android to get alerts for local breaking news and weather.
Ellis is the elementary school teacher who gave a personal gift to Sanders.
Official Maker of Bernie s Mittens Warns of Impostors: Some People Just Have No Morals – NBC New York nbcnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcnewyork.com Daily Mail and Mail on Sunday newspapers.