Growth In Retail And Digital Commerce 

Elo7

Etsy will purchase Brazilian handmade marketplace Elo7, which has been dubbed the “Etsy of Brazil,” in a move that grows the firm’s reach more securely in the Latin American market. In retail, Target and Hasbro are teaming up to roll out a Bullseye-branded board game later this summer. And in recurring payments, the subscription commerce business is expanding in the United States. All this, Today in Data.

    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:

    $835M: Amount LVMH recently spent refurbishing a department store in Paris.

    $217M: Price for which Etsy said it would acquire Elo7 in cash.

    80%: Share of consumers who use at least one subscription service.

    2.8: Number of subscription types the average millennial subscriber has at any given time.

    1.9M: Approximate number of active buyers on Elo7.