![]() ![]() In addition to being an online shop, Etsy has also incorporated functions of social networks. ![]() The platform also ranks among the leading shopping apps in its home market, with nearly one billion user sessions in 2021. Since 2017, more than half of the company’s gross merchandise sales volume was generated from the use of mobile devices. Etsy has also been able to implement a strong mobile strategy and grow its app business. in 2019, as well as the Depop and Elo7 platforms.Īs of June 2021, Etsy was among the top ten most popular retail websites in the United States, ahead of Home Depot and Target. ![]() These figures include buyers and sellers associated with, the secondhand marketplace for musical instruments acquired by Etsy Inc. The site attracts 96.3 million active buyers who recently bought goods through the platform. In 2021, the number of active sellers on the platform surpassed 7.5 million. This growth has only continued in 2021, reaching 2.3 billion. The platform's parent company, Etsy Inc., generated revenues of around 1.7 billion U.S. Yet it was in 2020, the first year of the pandemic, that the company's finances really took off. dollars in 2005 to almost five billion in 2019. The annual gross merchandise sales volume has been on a steady increase, rising from less than 200,000 U.S. The platform registered almost immediate success, reaching up to a million in sales within a couple of years after its founding. Products sold and bought through Etsy range from art, clothing, jewelry, and other decorative objects to arts and crafts supplies. ![]()
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