Etsy reported in its quarterly results that the “incredible momentum” it saw last year during pandemic-related lockdowns continued, although it cautioned that the fast pace of growth would decelerate along with a broader forecasted slowdown in eCommerce. In retail, new economic analysis shows that cooped-up U.S. consumers are eager to dress up, get out, dine in restaurants and reconnect with the world. And in banking, new and current customers are interacting with their financial institutions (FIs) using digital channels first. All this, Today in Data.
$550.6M: Etsy’s consolidated revenue for the first quarter.
83%: Share of Etsy sellers who are sole owners.
70%: Portion of U.S. consumers who are now digital-first banking users.
23.3%: Increase in U.S. retail sales last month versus a year ago.
$2.9B: The Etsy marketplace’s gross merchandise sales (GMS) in Q1.
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