Etsy reported $2.6 billion in sales for Q3 2020, the second-highest quarter in its history. Mask sales are cooling as holiday shopping begins.
When physical retail stores closed, Etsy saw its business boom in the first quarter of 2020, driven by sales of fabric face mask and self-care items.
Michaels CEO Mark Cosby was ousted after a disappointing third quarter in 2019; Ashley Buchanan has a tough year ahead as coronavirus ravages retailers.
In the company’s second quarter 2019 earnings report Michaels CEO Mark Cosby promised to serve the dedicated maker rather than the novice.