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Symbol ETSY
Name Etsy, Inc.
Currency USD
Sector Consumer Discretionary
IndustryGroup Retailing
Industry Internet & Direct Marketing Retail
Market NASDAQ Global Select
Country United States
State NY
City Brooklyn
Zipcode 11201
Website http://www.etsy.com
As Black Friday approaches, experts warn that many sales may not offer significant savings, with 41% of items at major retailers showing no price reductions compared to pre-Black Friday prices. While discounts can reach up to 50% on some items, premium brands typically offer less than 30%. Shoppers are advised to be cautious of misleading pricing tactics and to consider waiting for better deals on beauty products and footwear during Cyber Monday and Travel Tuesday for travel discounts.
The SMI is up in pre-market trading, while Wall Street faces pressure following disappointing tech results. Estee Lauder's shares have plummeted due to weak business in China, despite a rise in the Caixin/S&P Global PMI for manufacturing, indicating a slow economic recovery. Economists suggest that achieving China's 2024 growth target hinges on boosting consumer demand and household disposable income. The Shanghai Stock Exchange rose 0.6%, with major companies in Shanghai and Shenzhen gaining 0.9%.
eBay's shares fell nearly 9% in after-hours trading following a disappointing fourth-quarter revenue forecast, predicting between $2.53 billion and $2.59 billion, below analyst expectations of $2.65 billion. Despite reporting third-quarter earnings of $1.19 per share and revenue of $2.58 billion, the company faces increasing competition from rivals like Amazon and Walmart. eBay's gross merchandise volume grew 2% year over year to $18.3 billion, surpassing projections, as it focuses on niche markets and leverages AI tools to enhance user experience.
Rachel Jimenez, a 36-year-old entrepreneur and mother, transitioned from an unfulfilling 9-to-5 job to generating over $10,000 monthly in passive income through digital products on Etsy. Influenced by key books on mindset and financial independence, she emphasizes the importance of a positive internal dialogue, avoiding debt, and investing wisely to achieve personal and professional fulfillment. Her journey highlights the value of designing a life that aligns with one's strengths and aspirations.
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