Etsy’s counterfeit drawback is getting worse
Information of Etsy’s battle towards sellers pedaling knockoff items on its website is not a current revelation, however an analyst report this week particulars the extent of the issue. Funding agency Wedbush says that as much as 2 million gadgets listed on the marketplace could also be counterfeit or infringe on both a copyright or trademark — gadgets like these. That is round 5 % of all items promoted there. It isn’t simply style and jewelery manufacturers, both: merchandise with professional sports activities, cartoon and comedian guide paintings abound on Etsy as nicely. The corporate just lately went public, and as you may anticipate, its inventory fell in response to the report. What’s extra, a category motion lawsuit was filed towards the location for making “false and deceptive statements” concerning the counterfeit situation. Etsy took goal at questionable merchandise up to now, banning the sale of Washington Redskins gadgets again in September. Nevertheless, if it needs to proceed being the go-to put for handmade items, it’s going to have to do some spring cleansing.
[Image credit: Victor J. Blue/Bloomberg via Getty Images]