eBay news and archive

Elton John puts hundreds of items up for charity auction via Ebay

Famed British singer Elton John has put hundreds of personal items from his wardrobe up for sale on Ebay via a charity auction that is set to benefit his AIDS Foundation. Dropping in time for Pride Month, the ‘Rocket Man Resale’ features a wide ranging offer of some of John’s most notable pieces, including Gucci jackets, Versace robes and...

Retail

Ebay to host Love Island wardrobe experience in London

Secondhand marketplace Ebay is building on its partnership with ITV’s reality series Love Island with the opening of a ‘Nation’s Shared Wardrobe’ retail concept that will allow guests to take part in a number of experiences inspired by the Love Island ‘Villa’. On June 5 in Shoreditch, London, ticket holders will be able to take part in styling...

Fashion Featured

Ebay unveils new resell feature to transform recommerce experience

Online marketplace Ebay, which has been placing itself at the forefront of the recommerce clothing market, has unveiled a new ‘click-to-resell’ feature that will make it easier for sellers to list their pre-loved clothing with just “a few clicks of a button”. The new ‘resell on Ebay’ feature has been designed to transform the way consumers can...

Business

eBay's revenue and GMV increase in Q1

eBay’s first quarter revenue was 2.6 billion dollars, up 2 percent on an as-reported basis and up 2 percent on a foreign exchange (FX) neutral basis. Gross merchandise volume (GMV) was 18.6 billion dollars, up 1 percent on an as-reported basis and roughly flat on an FX-neutral basis. "eBay's Q1 results marked a strong start to 2024 as we...

Fashion

Ebay launches livestream shopping in the UK

Online marketplace Ebay will host its first livestream shopping event in the UK on May 1. The interactive livestream will be hosted by comedian Katherine Ryan and the retailer's pre-loved style director, Amy Bannerman, and will feature a range of outfits from Ryan’s own wardrobe. Viewers will be able to purchase Ryan’s pre-loved fashion items in...

Business

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...

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...

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...

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...