eBay news and archive

eBay expands Circular Fashion Fund with 1.2m dollars investment by 2025

Ebay has unveiled the global expansion of its Circular Fashion Fund (CFF), aiming to support fashion start-ups with circular business models. By the end of 2025, the e-commerce giant will have committed a total of 1.2 million dollars to foster innovation across markets including the UK, Germany, the US, and Australia. In an added incentive for...

Retail

eBay UK unveils luxury consignment service

Multinational e-commerce platform eBay UK has launched a new consignment service for luxury items, offering users a novel approach to selling their high end possessions. The service, which initially focuses on designer handbags, connects consumers with expert sellers who manage the entire listing and sales process. Ebay’s latest expansion in the...

People

eBay names Samantha Wellington as chief legal officer

eBay Inc. has announced the appointment of Samantha Wellington as senior vice president, chief legal officer, general counsel and secretary replacing Marie Oh Huber, who left the business in June after nine years as general counsel. In this role, the company said in a release, Wellington will oversee all global aspects of eBay's legal...

People

CarMax CEO William Nash joins eBay board of directors

eBay Inc. has announced the appointment of William (Bill) D. Nash to its board of directors, effective September 18, 2024. The company said in a release that Nash is president and chief executive officer of CarMax, the largest retailer of used cars in the US, which includes its CarMax Auto Finance (CAF) subsidiary. He oversees all aspects of the...

Fashion Featured

LFW SS25: What not to miss

London Fashion Week officially kicks off on Thursday, September 12, with a 72-strong line-up of emerging and established designers, including Burberry, Roksanda, JW Anderson and Harris Reed, as it culminates its 40th-anniversary celebrations. Running until September 17, the spring/summer 2025 showcase has a packed on-schedule line-up of 48...

Fashion

eBay launches Pre-Loved Fashion Week in London and New York

E-commerce and resale platform eBay is set to debut its inaugural Pre-Loved Fashion Week in September, partnering with the Council of Fashion Designers of America (CFDA) and British Fashion Council (BFC). This initiative, featuring live shoppable runway shows in New York and London, aims to capitalise on the growing demand for secondhand luxury...

Fashion

Luxury resale market is surging as consumers embrace 'better for less' ethos

Consumers, particularly millennials and Gen Z, are increasingly turning to pre-owned statement designer items for summer events, says eBay. This trend, dubbed the "Brat Green summer" by industry insiders, reflects a broader shift towards sustainable fashion and value-driven purchasing. Recent data from eBay reveals a marked increase in searches...

Business

eBay’s second quarter revenues reach 2.6 billion dollars

eBay’s second quarter revenue was 2.6 billion dollars, up 1 percent on a reported basis and 2 percent on a FX neutral basis. Gross merchandise volume (GMV) for the quarter was 18.4 billion dollars, up 1 percent on an as-reported and FX-neutral basis. GAAP net income from continuing operations was 226 million dollars or 45 cents per diluted share...

Fashion

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...