not vested
ONLINE RETAIL IS HERE TO STAY
Today's chart highlights the changing habits of American shoppers...
Regular readers know we are always looking to invest in big secular trends. And in recent years, the shift to online shopping has been one of the biggest.
E-commerce sales in the U.S. have grown from around $27 billion in 2000 to more than $390 billion last year – a 14-fold increase. This trend is not going away any time soon...
One e-commerce winner, Etsy (ETSY), is an online marketplace that focuses on handmade goods. It makes money on listings and transactions. And right now, this online business is booming...
Etsy recently reported third-quarter earnings of $0.21 per share, compared with a small loss for the same period last year.
Revenue was $106 million, up from $88 million. And more buyers and sellers have flocked to the platform.
As you can see in the chart below, shares of Etsy are soaring... The stock is up more than 60% in the past year and is trading at fresh 52-week highs.
Watch for this niche marketplace to keep thriving as people do more of their shopping online...
Source: Daily Wealth