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Etsy to buy apparel resale site Depop for $1.6B


Dive Brief:
Etsy will plunk down nearly $1.63 billion, mostly cash, to acquire mobile-oriented apparel resale site Depop, the artisanal marketplace said Wednesday. The deal is expected to close in the third quarter, per an Etsy press release.
Ten-year-old Depop will remain headquartered in London, operating as a stand-alone marketplace run by its existing leadership, the companies said.
The resale site boasts some 30 million registered users across about 150 countries, with 4 million active buyers and 2 million active sellers in 2020, per the release. Last year, its gross merchandise sales reached about $650 million and revenue hit about $70 million, each rising over 100% year over year.  ....

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Prime Day is June 21-22, but Amazon is starting deals now


Dive Brief:
Amazon has scheduled Prime Day for June 21 and 22, with some special deals launching before then, executives said during a virtual press briefing on Monday. On day one as of midnight Pacific time, Prime members in 20 countries can participate; those without a membership can start a 30-day free trial.
The focus of the briefing was on marketplace sellers. Prime members who spend $10 with select small businesses  on Amazon s marketplace will receive that amount in credit to use during the two-day sale, according to a follow-up press release. More than 300,000 third-party Amazon sellers are participating.
In many ways the sale starts immediately, with deals as of Wednesday on toys, home goods, the e-commerce giant s Fire TVs and other categories, as well as special offers on its premium music streaming and other services, according to a press release. ....

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Move Forward Now, or Delay?


 
Inconvenience and risk are present in our manufacturing businesses every day. Some should not prevent us from moving forward now; others represent to much potential risk — probability and/or severity — and require delay as we better understand and plan.
You likely do much of this in your head daily, but may not realize that all your employees do the same things. You are not likely aware of what assessment process each uses.
Worker accidents often emanates from failure to understand risk, or the belief that management would expect them to not let a little inconvenience keep them from moving forward. ....

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