For Postmates, Etsy is just the latest in a string of big-name partners it has announced this year. Others include Apple, Starbucks and Chipotle, which have formalized agreements to let Postmates couriers ferry goods and food from their stores to customer doors. Postmates also works with several e-commerce brands, such as Everlane, to give shoppers in some cities a same-day delivery option, while simultaneously providing work for Postmates couriers during times of day when food delivery is less common. Uber plans to announce its own delivery partnerships with brick-and-mortar retailers soon, while the startup Deliv continues to expand its service with chains such as Macy's and Foot Locker.
Etsy went public in April in a highly anticipated IPO that saw the company's stock close at $30 a share after its first day of trading. But it's been a rough road since then. The company recorded a greater loss than analysts expected in its first earnings report as a public company and a weak forecast in its last report scared off more investors. The company is also battling accusations from some investors that its marketplace knowingly sells trademark-infringing goods, while news of Amazon's competitive site hasn't helped. These events combined have hammered Etsy's stock down to around $14 as of Friday morning.
—By Jason Del Rey, Re/code.net.
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