eBay news and archive

Ebay introduces AI-powered ‘Shop the Look’ feature

Resale marketplace Ebay has introduced a new feature to its app that provides customers with a personalised carousel of inspirational outfits tailored to their shopping history. Dubbed ‘Shop the Look’, the generative AI-powered addition looks to speak to users’ style preferences through recommendations made of images and items that evolve...

BusinessFeatured

Q1 of 2024 marked by series of job cuts

The first quarter of the year has outlined the tough reality of the current market, with last year’s challenging financial period leaving many companies with no option but to initiate strategic reviews. And, as part of this process, inevitably the question of jobs comes into play, with roles, departments and geographies coming under the...

Business

Ebay scraps seller fees for clothing in the UK

Resale marketplace Ebay has announced that it is scrapping fees for individual sellers of pre-owned clothing in a bid to encourage more circular shopping across the UK. The feature, which excludes the sale of sneakers, watches, handbags and jewellery, will be applied to all clothing items currently listed, including ones available prior to the...

Retail

eBay expands consignment service to include luxury apparel

eBay has expanded its consignment service to include luxury apparel. The move follows the launch of eBay’s mobile luxury consignment service last December, as the online reseller marketplace aims to leverage increasing consumer interest in pre-loved apparel. Sellers can now request the aid of eBay’s experts to list and sell their luxury apparel...

BusinessFeatured

Finalists named for 2024 Circular Fashion Innovators Fund

Ebay UK and the British Fashion Council have named the second annual Circular Fashion Innovators Fund cohort, including Swoperz, a subscription-based preloved kids' clothing community. The Circular Fashion Innovator’s Fund offers 15,000 pounds in funding for each of the winning small businesses specialising in circular fashion solutions to bring...

Business

eBay's Q4 results beat expectations

eBay reported fourth quarter revenue of 2.6 billion dollars, up 2 percent on a reported basis and up 3 percent FX neutral basis, beating analysts’ expectations of 2.51 billion dollars, according to LSEG data. GMV of 18.6 billion dollars, was up 2 percent on a reported basis and nearly flat on an FX-neutral basis. For the full year, revenue was...

Business

eBay to axe approximately 1,000 jobs

EBay is cutting its workforce by 9 percent, resulting in the loss of approximately 1,000 jobs. An internal memo from CEO Jamie Iannone was publicly shared last week, which confirmed the marketplace will downsize its number of employees. The memo iterated the company is grappling with external pressure including a "challenging macroeconomic...

BusinessFeatured

Fashion re-sellers must report sales to tax authorities

Individuals engaged in online side businesses such as reselling fashion and accessories, can anticipate increased scrutiny from tax authorities, with platforms such as Vinted and eBay now obligated to collect and share transaction details with HMRC as of January 1st. These measures, aligned with international efforts led by the Organisation for...

Culture

Ebay extends Love Island sponsorship to All Stars season

Resale marketplace Ebay has announced the extension of its partnership with ITV’s Love Island to bring its sponsorship of the reality show to a new All Stars season. The move expands on the already established relationship between Ebay and Love Island, which had initially been introduced in early 2022 with the platform beginning to supply...

EventPress Release

Fashion Council Germany and The King's Foundation bring the fashion industry together

Once again Fashion Council Germany and The King's Foundation, formerly The Prince's Foundation, organised the annual FASHION ZUKUNFT conference in Scotland on the 15th of November. As a long-standing partner of the Fashion Council Germany, His Majesty King Charles III's Foundation supports various initiatives that work towards a more sustainable...

Business

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...

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...