As the craft retailer, Michaels, goes private — again — JOANN and Cricut are going public. Here’s how to understand the implications of these changes.
Product sales on the craft marketplace Etsy more than doubled in 2020, to $10.3 billion making this a blockbuster year.
Mask sales and in-person shopping restrictions drove Etsy’s gross merchandise sales through the roof during the second quarter of 2020.
With many retail stores required to shut down in the pandemic, Michaels saw a big bump in e-commerce but overall fell way short of expectations.
Amid shipping policy changes, a new consolidated ad platform and a surprising acquisition, Etsy and its CEO are feeling optimistic.