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People

Murray Lambell named eBay’s new UK general manager

Online marketplace eBay has confirmed that Murray Lambell has been promoted from vice president of UK trading to the UK’s general manager. Lambell, who has been running the UK trading team since 2017, responsible for all of eBay UK’s business to consumer and sales and operations activities, will take over from Rob Hattrell, who has been promoted...

7 Sep 2020

Retail

Oxfam opening a secondhand pop-up in Selfridges

Oxfam is to open a Secondhand September pop-up in Selfridges London designer galleries for four weeks from September 7 as it looks to fight throwaway fashion. The pop-up is part of its month-long #SecondHandSeptember campaign celebrating secondhand fashion, where it is asking consumers to only buy secondhand clothes for the month of September....

3 Sep 2020

Fashion

UK’s secondhand market skyrockets in 2020

The equivalent weight of 900 double-decker buses has been saved from landfill, thanks to purchases of pre-loved items this year, according to data from eBay, as sales of secondhand fashion soared during lockdown. The data reveals that two secondhand fashion items were sold every three-seconds between January and July this year on eBay, as...

2 Sep 2020

Business

eBay raises outlook after better than expected Q2

eBay Inc., for its second quarter ended June 30, 2020 reported revenue of 2.9 billion dollars, up 18 percent on an as-reported basis and up 21 percent on a foreign exchange (FX) neutral basis. The company expects net revenue between 2.64 billion and 2.71 billion dollars, representing Organic FX-Neutral growth of 14 percent to 17 percent, with...

29 Jul 2020

Business

Jamie Iannone returns to eBay as Chief Executive Officer

eBay Inc. has appointed Jamie Iannone as Chief Executive Officer, effective April 27, 2020. The company said in a statement that he has also been elected to the company’s board of directors. Most recently Iannone was chief operating officer of Walmart eCommerce. “The board believes Jamie is the ideal CEO to lead eBay ‘s next chapter of growth...

14 Apr 2020

Business

eBay Q4 revenues decline 2 percent

eBay inc. revenue for the fourth quarter was 2.8 billion dollars, down 2 percent on an as-reported basis and remaining flat on a foreign exchange (FX) neutral basis, while gross merchandise volume (GMV) was 23.3 billion dollars, down 5 percent on an as-reported basis and down 4 percent on a FX-Neutral basis.GAAP net income from continuing...

29 Jan 2020

Business ANALYSIS

Global AI in the fashion industry expected to grow over 36 percent by 2027

New York - The global artificial intelligence (AI) in fashion market accounted for 270 million dollars in 2018 and is expected to grow at a CAGR of 36.9 percent over the forecast period 2019-2027, to account for 4,391.7 million dollars in 2027. A recent report (‘Artificial Intelligence In Fashion Market to 2027 - Global Analysis and Forecasts by...

1 Jan 2020

Retail

eBay announces new system to become major player in the sneaker marketplace

eBay is building its competitive edge in the growing sneaker market. The company announced new incentives to both sneaker sellers and sneaker shoppers to use its online marketplace. Going forward, all sneakers sold for 100 dollars or more through eBay will not be charged any selling fees. For shoppers, eBay is making itself a more attractive...

17 Dec 2019

Fashion

Vans global ambassadors design one-of-a-kind auction items to raise funds & celebrate Checkerboard Day

Vans is celebrating #VansCheckerboardDay with the launch of a Global Ambassador Charity Auction in partnership with eBay for Charity, featuring a collection of footwear and backpacks designed to inspire creative self-expression. Starting November 11 through November 21, Vans Fans can visit eBay.com/vanscheckerboardday to bid on their favorite...

7 Nov 2019

Business

eBay reports flat Q3, forecasts weak outlook for Q4

For its third quarter, eBay Inc. delivered revenues of 2.6 billion dollars, flat on an as-reported basis and increase of 2 percent on a foreign exchange (FX) neutral basis. The company said in a statement that gross merchandise volume (GMV) of 21.7 billion dollars, was down 4 percent on an reported basis and 2 percent on a FX-neutral basis....

24 Oct 2019

People

Scott Schenkel replaces Devin Wenig as eBay's interim CEO

eBay Inc. has appointed Scott Schenkel, most recently the company’s senior vice president and chief financial officer, as interim Chief Executive Officer. The company announced through a statement that this is appointment follows Devin Wenig stepping down as president and CEO, and a director of the company. The company also said that Andy Cring,...

26 Sep 2019

Retail

Second-hand fashion hits 187 million pounds on eBay

Ebay has revealed that the UK second-hand fashion market is experiencing a 187 million pound boom as the ‘Blue Planet effect’ prompts UK consumers to ‘close the loop’ on fast fashion. UK shoppers spent 187 million pounds on 20 million pre-owned fashion items on eBay in the last 12 months, a 15 percent rise in five years, as circular economy...

10 Sep 2019