Etsy focuses on creativity of sellers with new standards, campaign
Future site improvements
Etsy is also planning to enhance key seller and buyer features on its e-commerce site. These include revamping aspects of online search, discovery and marketing. In addition, Etsy says it has identified specific factors associated with high-quality listings on its site and is preparing to release those factors to sellers later in summer 2024.
These efforts follow the initiative Etsy launched at the beginning of 2024 to establish itself as a premier gift shopping destination with strategic steps such as rolling out a video gifting feature, as well as Etsy Gift Mode, an artificial intelligence-enabled shopping hub that combines AI and human curation to help shoppers find an appropriate present for every occasion.
In addition, Etsy is facing new increased competition from specialty arts & crafts retailer The Michaels Companies, which is selling third-party handmade goods on its site and in stores.
[Related content: Michaels debuts third-party marketplace for handmade items]
"I want to stress that this is just the start of our work to elevate your role in our marketplace," Etsy CEO Josh Silverman said in a corporate blog post. "We’re also exploring how to highlight it in areas, such as search, discovery, and new marketing experiences. We believe this will better meet buyer expectations and help them find the exact type of item they’re looking for—from artisanal pieces crafted by your two hands to production-assisted items personalized to perfection."