As we move into the digital age, we find ourselves engaging in more online activities, including good old shopping.
This trend means more and more people are getting acquainted with online shopping, leading to a boom in e-commerce.
The surge was accelerated by the pandemic last year, where people were forced to stay home and make purchases of essential and non-essential items online.
As such, many e-commerce companies have benefited from the shift in consumer behaviour.
Etsy Inc (NASDAQ:ETSY) is one of the e-commerce platforms that benefited greatly.
Etsy is an American-based e-commerce company that specialises in handmade and vintage items, as well as craft supplies.
On its website, the company prides itself as being the fifth most popular e-commerce and shopping platform in the US.
Below are some reasons why the business is worth keeping on your watchlist.
Strong competitive moat
Etsy’s has a long-term growth strategy called “Right to Win”....