Etsy launches wedding registry service for handmade gifts in wake of Bed Bath & Beyond bankruptcy
Other recent retail closures, restructurings, and bankruptcy filings from companies like JCPenney, Lord & Taylor, Barneys, and Neiman Marcus have also impacted the registry market, retail expert Burt FlickingerNeil Saunders, managing director of GlobaData Retail, told CNN the program could also be instrumental in helping Etsy boost stagnating revenue growth.
"It is a sensible move because Etsy's growth, while good, has slowed a little," Saunders said."With this new venture, Etsy would hope to generate incremental revenue and introduce the platform to new customers. Some wedding guests might not have used Etsy and they could turn into a new, long-term customer."Subscribe to push notifications
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