Acquisitions, BNPL And Employee Wages Make Retail Headlines

By  |  June 8, 2021
 | 
Etsy

Etsy’s latest acquisition is expected to be a boon for consumers – and a game-changer for luxury brands looking to compete with secondhand online retailers. Meanwhile, buy now, pay later (BNPL) is growing in popularity as consumers struggle to make ends meet. And in the U.S., major employers are making a show of boosting wages to attract new hires.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Data:

    $1.6B: Etsy’s cost to acquire U.K.-based secondhand clothier Depop.

    10: Number of major U.S. employers — including Costco, Target and Under Armour — that have raised wages to attract employees.

    32%: Share of consumers struggling to cover monthly expenses who used BNPL solutions for Black Friday purchases.

    50%: Portion of Sezzle customers with a credit score below 600.

    Advertisement: Scroll to Continue

    $2.3B: Etsy’s projected sales this year, up 32% from last year.


    Recommended

    Meta Hires Apple Design Executive Alan Dye to Lead New Creative Studio

    Discount Retailers Drive Resurgent Demand for Retail Space

    Coinbase Partners with Banks on Crypto and Stablecoin Pilot Projects

    OpenAI Foundation to Disburse $40.5 Million in Grants to Nonprofits

    See More In: , , , , , ,