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Business

The Seam wins Circular Fashion Innovator’s Fund grand prize

The Circular Fashion Innovator’s Fund, launched in December 2022 by Ebay UK and the British Fashion Council, has named on-demand clothing repairs and alterations service The Seam as the grand prize winner. In December, the fund awarded six businesses with circular fashion solutions, including social fashion rental app By Rotation and the...

8 Mar 2023

Fashion

eBay kicks off Women’s History Month with exclusive sneaker drop

eBay, one of the biggest online marketplaces globally, is about to drop an exclusive sneaker selection from the personal closet of industry legend Joy Claire, celebrating her personal achievements in the frame of Women’s History Month. Claire has made a name for herself in the usually male-dominated sneaker world. She introduced the first...

7 Mar 2023

RetailFeatured

Ebay to open sneaker swap shop in London

Online marketplace Ebay has announced it is opening a first-of-its-kind pop-up in London where people can swap sneakers they don’t wear for a pair they will. The Swap ‘Em Out Store will be located at 59 Greek Street and will be open for a limited time only on March 25. The pop-up will be a ticketed event and will allow sneakerheads to exchange...

2 Mar 2023

Business

eBay expects Q1 revenues to beat analysts’ expectations

For its fourth quarter, eBay Inc. reported revenue of 2.5 billion dollars, down 4 percent on an as-reported basis and down 1 percent on FX neutral basis. For the first quarter, the company expects revenue to range between 2.46 to 2.50 billion dollars, up 0 to 2 percent, above analysts’ expectation of 2.37 billion dollars. Gross merchandise...

23 Feb 2023

Business

Ebay acquires AI tech company 3PM Studios

Ebay has announced the acquisition of AI-based solutions provider 3PM Shield as it looks towards the in-house technological development of its online marketplace. The move comes as Ebay sets about enhancing its own monitoring solutions through the integration of new technologies that are designed to prevent counterfeit or unsafe sales. In a...

14 Feb 2023

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 |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