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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

RetailFeatured

Inflation to hit Christmas spending

Amidst rising energy prices, a looming recession and households struggling to meet their monthly bills, new data suggests retailers will be in for a starker Christmas as consumers will be looking for value this holiday season. Research from eBay Ads UK Christmas Spend Trends finds that the impact of inflation means consumers will be prioritising...

25 Aug 2022

Business

Ebay continues Love Island push with Tasha Ghouri partnership

Ebay UK is continuing its relationship with reality series Love Island through a new pre-loved fashion deal with one of this season’s ‘Islanders’, Tasha Ghouri. According to the marketplace platform, the partnership with Ghouri, who has been named as its ‘Pre-Loved Ambassador, marks the first non-fast fashion brand deal to come out of the...

11 Aug 2022

Business

eBay posts decline in revenue and GMV

eBay Inc. reported revenue of 2.4 billion dollars, down 9 percent on an as-reported basis and down 6 percent on a foreign exchange (FX) neutral basis. Gross merchandise volume (GMV) was 18.5 billion dollars, down 18 percent on an as-reported basis and down 14 percent on an FX-neutral basis. "Our team delivered better than expected financial...

4 Aug 2022

Culture

Ebay’s Love Island collaboration causes surge in pre-loved popularity

Reality show Love Island, previously known for its fast fashion-clad contestants, took on a major shift for its latest season announcing a new partnership with second-hand platform, Ebay. The deal, which was revealed at the beginning of May, has seen the popular UK series take a step in a more sustainable direction, with each of its ‘Islanders’...

11 Jul 2022