Etsy, under pressure, beats estimates with more shopping
Black-and-White Capital LP urged the Brooklyn-based company to rein in costs and shake up management
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ETSY Inc kept its word to investors and eked out a small boost in its growth rate by luring more shoppers and getting them to spend more on its site for unique, small-batch goods.
Gross merchandise sales, the total value of goods that pass through Etsy's platforms, grew 13 per cent to US$766.4 million in the third quarter - bigger than the 12 per cent increase in the previous period - and meeting the company's August prediction.
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