In the retail industry, the gap between winners and losers is still widening. Just 25 front-runners have captured more than 90 % of global growth in market capitalisation, as financial markets are rewarding retailers who are best armed for the post-corona era. Who are they?
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Online marketplace Etsy, which specialises in vintage and homemade stuff, is taking over second-hand fashion platform Depop. With this deal, the creative marketplace hopes to reach a younger audience.
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How sustainable is online trade? For the first time, a ranking that lists international e-commerce marketplaces according to their sustainability performance is published. Second-hand business models score high in this ranking.
The corona crisis did not harm online marketplace Etsy. On the contrary, the platform which mainly offers vintage and handmade items was able to easily double its turnover in one year.
In a move to counter Etsy, Amazon has added its Handmade at Amazon platform, which sells hand-made items, to its websites in Germany, France, Italy, Spain and the United Kingdom.
Online market place Etsy, which focuses mainly on vintage and artisan products, is growing very fast: gross sales were up more than 22 % on the back of double digit growth for both active buyers and sellers.
Designers that sell their products on Etsy's online marketplace will soon be able to show their products in several Parisian department stores, like Galeries Lafayette and BHV Marais.