Consumers turned to the e-commerce platform to buy items ranging from demi-fine jewelry to decor during the quarter, boosting Etsy's sales at a time when the broader retail industry geared up for a slowdown due to tariff-led uncertainty. President Donald Trump's sweeping tariffs on import goods from countries including Canada and China have risked the living costs of U.S. consumers going up as companies battle the likelihood of higher production prices. Etsy is largely shielded from such tariffs as most of its products are purchased locally or sourced from Europe.
Conestoga Capital Advisors, an asset management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets started the year with a rally due to optimism about a strong economy and expectations of moderating inflation and lower interest rates. However, concerns over slowing earnings from major Technology companies, geopolitical […]
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