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Business

Ebay invests in luxury resale platform Cudoni

Luxury resale platform Cudoni, has raised 7.5 million pounds from eBay’s venture arm and existing investors. The UK-based company, which aims to simplify the luxury resale process, said “it is an outstanding vote of confidence in the brand and our ambitions, to receive investment from recommerce pioneer, eBay, during what has been an incredibly...

24 Jan 2023

Fashion

Ebay continues pre-loved fashion push with Love Island partnership

Online marketplace Ebay UK has announced it is “recoupling” with ITV reality TV show Love Island to continue to shift perceptions of pre-loved fashion. Last series, Ebay became Love Island’s first-ever pre-loved fashion partner, and new research from ITV reveals that one in two (53 percent) of Love Island viewers aware of the partnership said...

4 Jan 2023

Fashion |In Pictures

Ebay and Nike reissue the iconic ‘eBay Dunk’

Online marketplace Ebay and sports giant Nike are reissuing the ‘Nike SB eBay Dunk’ to commemorate the 20th anniversary of the Nike Dunk sneaker. Ebay is auctioning 10 limited-edition pairs of the new ‘Nike SB eBay Dunk,’ featuring two versions of the original sneakers, which have been coloured to resemble the marketplace’s signature logo, to...

8 Dec 2022

Business

Ebay partners with garment repair expert ACS

Ebay has announced a new partnership with resale, sanitation and repair experts Advanced Clothing Solutions (ACS) to help brands enter resale and expand the platform’s secondhand offering. Through the partnership, Ebay hopes to aid brands and retailers in creating and scaling resale offerings, while providing shoppers with more choice. Monsoon...

5 Dec 2022

BusinessFeatured

Luxury as a currency: how the luxury resale market has evolved as an investment vehicle

Despite currently bleak economic prospects, the resale market is only on the rise, with a slew of recent reports finding that consumers are showing a tendency towards secondhand and pre-loved purchases in light of rising costs and tightened budgets. A similar attitude was adopted by that of The Business of Fashion (BoF), which partnered with...

17 Nov 2022

Business

Ebay says shoppers will favour pre-loved purchases over new on Black Friday

Ebay has teamed up with the Waste and Resources Action Programme (WRAP) on data predicting what products consumers would be steering towards for this Black Friday as they look to save money amid the cost-of-living crisis. New research by the duo suggested that UK shoppers could be looking to make pre-loved and refurbished purchases instead of...

15 Nov 2022

Business

eBay Q3 revenues decline but beat analyst estimates

Third quarter revenue at eBay Inc. was 2.4 billion dollars, down 5 percent on an as-reported basis and down 2 percent on a foreign exchange (FX) neutral basis. According to the Reuters report, third quarter revenue surpassed analysts' estimates of 2.32 billion dollars and adjusted per-share earnings of 1 dollar was 7 cents higher than estimates....

3 Nov 2022

Business

Ebay launches circular fashion fund alongside BFC

Ebay UK has announced the launch of a Circular Fashion Innovator’s Fund alongside the British Fashion Council (BFC) in a bid to support small businesses. The fund will offer 100,000 pounds to handpicked businesses, with Ebay set to provide expertise on scalable companies and BFC to leverage its network to identify and assess potential circular...

17 Oct 2022

Business

Secondhand start-up Gently raises two million dollars in funding

US-based start-up Gently has announced it has raised two million dollars in a pre-seed funding round to help scale its secondhand platform. In a release, the company said it is aiming to create the “Amazon for secondhand” by allowing users to shop from multiple resale platforms in one place. The platform enables shoppers to search, filter and...

29 Sept 2022

Fashion

eBay UK releases sneaker drop with music ties

Ebay UK is quickly becoming a marketplace for sneaker afficionados. With its latest launch of OG Drops, the event will sell a selection of hyped sneaker with music ties via an onsite raffle. Listed sneakers will be sold well below their retail or re-sale value. In a statement eBay said: “Combating the bots, backdooring and limited releases which...

23 Sept 2022

Fashion Featured

eBay is the cheapest resale platform, data shows

Searching for a Dior Saddlebag, Mulberry Satchel or Jacquemus Bambino on resale platforms will come with great variance in options, especially price. New data from VoucherCodes.co.uk, who analysed the cost of 20 of the most popular branded fashion items this year across three pre-loved sites including Depop, eBay, and Vinted, saw big variations...

13 Sept 2022

Business

Ebay partners with Reskinned to implement circular practices

Ebay UK has struck up a partnership with preloved clothing repair and resale specialists Reskinned in a bid to expand its marketplace’s preloved offering. The company, which is currently working with over 30 brands, including River Island and Joules, takes back worn clothing from shoppers and reconditions them for resale, repurpose or recycling....

8 Sept 2022