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eBay revenues increase 42 percent in the first quarter

eBay Inc. revenue for the first quarter was 3 billion dollars, up 42 percent on an as-reported basis and up 38 percent on a foreign exchange neutral basis. Gross merchandise volume (GMV) was 27.5 billion dollars, up 29 percent on an as-reported basis and up 24 percent on an FX-Neutral basis. “We delivered another strong quarter for the company...

29 Apr 2021

Fashion

eBay hosts authentication events for luxury items

Online marketplace eBay has seen a surge in popularity of collectible goods, such as sneakers, luxury watches, and trading cards. To combat fraud and counterfeit items in the luxury category, eBay announced it would host a series of events to authenticate items for customers. Mirroring its Authenticity Guarantee Service for sneaker sales on the...

9 Apr 2021

Retail

Gen Z driving second-hand fashion sales, according to eBay

Online marketplace eBay has released its first ‘Recommerce Report’ including data from the UK, US, Canada, Germany and France, which reveals that Gen Z consumers are driving the global rise in secondhand selling. The report reveals that almost seven in 10 (67 percent) of eBay UK sellers said that they started selling pre-owned goods in the last...

16 Mar 2021

Business

eBay Q4 revenue increases by 28 percent

For its fourth quarter, eBay Inc. reported revenue of 2.9 billion dollars, up 28 percent on both an as-reported basis and a foreign exchange neutral basis, while full year revenue was 10.3 billion, up 19 percent on reported basis and up 20 percent on an FX-Neutral basis. The company said, fourth quarter GMV was 26.6 billion dollars, up 21...

4 Feb 2021

Podcast

Podcast: UnEdited talks about the transformation of e-commerce

In this episode, UnEdited talks about the transformation of e-commerce with fashion acquisition manager at eBay Helen Riley. Riley was one of the first employees at Asos and saw the business grow from a small e-commerce company to a globally recognised e-commerce platform. Listen to the podcast below. Source: UnEdited via Spotify Photo credit:...

23 Nov 2020

Business

eBay Q3 revenues up 25 percent, raises full year outlook

For its third quarter, eBay Inc. said revenue was 2.6 billion dollars, up 25 percent on both an as-reported basis and an FX-Neutral basis. The company said in a statement that GAAP net income from continuing operations was 621 million dollars or 88 cents per diluted share, while non-GAAP net income was 604 million dollars or 85 cents per diluted...

29 Oct 2020

Retail

eBay UK to launch “Pay As You Grow” scheme

eBay UK has removed all fees for first time sellers for their first 100 sales each month as part of its new “Pay As You Grow” scheme for UK start-ups and small businesses. Commenting on the offer, Murray Lambell, UK General Manager of eBay, said in a statement: “With all the economic challenges we’re seeing across the country, getting rid of the...

7 Oct 2020

Fashion

Menswear consumer joins the shift to thrift, says eBay

Men bought vintage during lockdown like never before according to new data released by eBay. 10 pre-loved male clothing items sold every minute, prompting the online reseller to keep up with demand by launching Men’s Vintage Hub, a one-stop shop to provide for all the needs for this emerging consumer. He might not be ready to trawl estate sales,...

6 Oct 2020

Retail

Marketplace eBay launches Brand Outlet

Marketplace eBay has launched a dedicated ‘Brand Outlet’ fashion hub stocked with 150 popular designer brands, including Ted Baker, Calvin Klein and Michael Kors. The move, which will offer designer brands up to 70 percent off, is in response to new research revealing that the UK is a nation of bargain loving shoppers, with nearly a third (32...

1 Oct 2020

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

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