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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 ANALYSIS

eBay shares dived on weaker-than-expected Q4 guidance

EBay (EBAY) shares fell Thursday, weighted by amid analyst’s disappointment on weaker-than-expected fourth-quarter guidance after a strong third quarter. The e-commerce company’s stock shredded 7.5 percent despite beating Wall Street expectations its third-quarter results. The company reported adjusted earnings of 85 cents per share compared...

30 Oct 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

Fashion

eBay to start authenticating sneakers over 100 dollars

Online marketplace eBay, who reportedly sell a pair of sneakers every 1.5 seconds, is expanding its Authenticity Guarantee service for sneaker sales on the platform. Through this program, all new and pre-owned collectible sneakers sold on eBay for over 100 dollars in the U.S. will be fully vetted and verified by an independent team of industry...

12 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

Business

Jamie Iannone returns to eBay as Chief Executive Officer

eBay Inc. has appointed Jamie Iannone as Chief Executive Officer, effective April 27, 2020. The company said in a statement that he has also been elected to the company’s board of directors. Most recently Iannone was chief operating officer of Walmart eCommerce. “The board believes Jamie is the ideal CEO to lead eBay ‘s next chapter of growth...

14 Apr 2020

Business

eBay Q4 revenues decline 2 percent

eBay inc. revenue for the fourth quarter was 2.8 billion dollars, down 2 percent on an as-reported basis and remaining flat on a foreign exchange (FX) neutral basis, while gross merchandise volume (GMV) was 23.3 billion dollars, down 5 percent on an as-reported basis and down 4 percent on a FX-Neutral basis.GAAP net income from continuing...

29 Jan 2020

Business ANALYSIS

Global AI in the fashion industry expected to grow over 36 percent by 2027

New York - The global artificial intelligence (AI) in fashion market accounted for 270 million dollars in 2018 and is expected to grow at a CAGR of 36.9 percent over the forecast period 2019-2027, to account for 4,391.7 million dollars in 2027. A recent report (‘Artificial Intelligence In Fashion Market to 2027 - Global Analysis and Forecasts by...

1 Jan 2020