eBay news and archive

eBay Q3 revenues increase 5 percent

eBay Inc. reported third quarter revenue of 2.5 billion dollars, up 5 percent on an as-reported basis and up 5 percent on a foreign exchange (FX) neutral basis. The company’s gross merchandise volume (GMV) was 18 billion dollars, up 2 percent on an as-reported basis and roughly flat on an FX-neutral basis. GAAP net income for the quarter was 1.3...

Fashion

Ebay UK's Circular Fashion Fund to return for a second year

Ebay UK has announced that its 100,000-pound Circular Fashion Fund, in partnership with the British Fashion Council (BFC), is returning for a second year following its success in 2022, which crowned on-demand tailoring service The Seam as the grand prize winner. The Circular Fashion Fund is available for small businesses, innovative tech...

Business |Interview Featured

How ‘Islanders’ have helped spur on Ebay’s pre-loved fashion push

“The fact that we made front page news when we first announced that the Islanders would be wearing secondhand clothing shows how ingrained fast fashion had become in society,” said Kirsty Keoghan, global general manager of Pre-Loved Fashion at Ebay UK, when asked about the platform’s ongoing partnership with Love Island. Initially teaming up for...

Business

eBay Q2 sales increase 5 percent

Second quarter sales at eBay Inc. of 2.5 billion dollars, were up 5 percent on an as-reported basis and up 6 percent on a FX neutral basis. Gross merchandise volume (GMV) was 18.2 billion dollars, down 2 percent on an as-reported basis and down 1 percent on an FX neutral basis. GAAP net income was 172 million dollars or 32 cents per diluted...

Fashion Featured

Ebay expands Authenticity Guarantee to streetwear

Online marketplace Ebay is expanding its Authenticity Guarantee service to include streetwear for new and pre-owned items from brands such as Supreme, Off-White, and Vetements. From June 1, Ebay’s authentication service will add streetwear as its sixth category, joining sneakers, watches, jewellery, handbags, and trading cards, as it continues...

Business

Ebay launches pre-loved wedding hub catering to demand

Marketplace giant Ebay is responding to the growing demand for second hand bridalwear with the launch of a pre-loved wedding hub. The platform features pieces by a range of designers and retailers, such as Vera Wang and Vivienne Westwood, with the selection spanning second hand bridal and bridesmaid dresses, accessories and vintage suits. Its...

People

Ebay appoints in-house pre-loved style director

Online marketplace Ebay has appointed fashion stylist and pre-loved fashion advocate Amy Bannerman as its in-house pre-loved style director. Bannerman, who has more than 20 years of buying and selling on Ebay, will be responsible for styling and sourcing for the marketplace’s fashion-related campaigns, styling for key talent that work with the...

Business

eBay buys authentication tech firm Certilogo in latest pre-loved fashion push

US e-commerce giant eBay announced Wednesday plans to buy Certilogo, a company that specialises in AI-powered apparel and fashion goods digital IDs and authentication. eBay said the move is part of its wider strategy to bolster its second-hand fashion category. The deal will provide the company access to Certilogo's platform which uses digital...

Culture

Ebay to now be headline sponsor for Love Island

In an expansion of their ongoing partnership, British broadcasting network ITV has announced that Ebay will now be the new headline sponsor of its reality show Love Island. Through the sponsorship, Ebay is looking to broaden its reach with the programme’s viewership – primarily an audience of 18 to 34 year olds – while showcasing its pre-loved...

Business

Ebay to tap into global emerging markets with new appointment

E-commerce marketplace Ebay has announced the appointment of Vidmay Naini as general manager of the company’s global emerging markets. From his Singapore base, Naini will be responsible for leading markets in Southeast Asia, India, Eastern Europe, Israel, the Middle East, Africa and Latin America. According to Ebay, these locations have “high...

Business

Ebay introduces new programme for certified pre-loved luxury

Marketplace giant Ebay has launched a new programme that will see it partner directly with brands to widen its selection of coveted and collectible luxury goods. ‘Certified by Brand’ hopes to encourage designers and luxury brands to scale their resale efforts, offering a platform for consumers to purchase authorised pre-loved goods that are...

Business

eBay forecasts strong Q2

For the first quarter, eBay Inc. reported revenue of 2.5 billion dollars, up 1 percent on an as-reported basis and up 3 percent on a foreign exchange (FX) neutral basis. The company’s gross merchandise volume (GMV) was 18.4 billion dollars, down 5 percent on an as-reported basis and down 2 percent on an FX-neutral basis. For the second quarter,...