Etsy names insider Kruti Goyal as CEO, issues softer sales guidance

Etsy appointed Kruti Goyal as its new CEO, replacing Fred Wilson as executive chair while forecasting third-quarter gross merchandise value between US$3.50–3.65 billion, down from US$3.74 billion a year earlier. The company cited duty-free e-commerce rule changes for Chinese imports and weaker discretionary spending in its U.S. markets. Revenue beat expectations at US$678 million versus US$655 million forecast, but softer outlook and leadership transition signal cautious consumer sentiment heading into the holiday season.