eBay news and archive

Emart to buy 80 percent stake of eBay’s Korean business

eBay Inc. has announced purchase of its Korea business by Emart. The company said in a statement that eBay will sell an 80.01 percent stake in its Korean businesses for 3.44 trillion KRW or approximately 3 billion dollars of gross cash proceeds to Emart. “This deal brings together two strong ecommerce and retail companies that can unlock...

Fashion

eBay announces authentication for luxury handbags

Online marketplace eBay has launched authentication for luxury handbags. New and pre-owned handbags sold for more than 500 dollars from 16 luxury retailers will now be professionally authenticated. eBay started its authentication program in late 2020 which initially included luxury watches, followed by sneakers. Charis Márquez, VP of fashion at...

Fashion

eBay to authenticate collectible sneakers

Ebay’s authentication scheme for sneakers has now rolled out to the UK. The guarantee is currently available for eligible sneakers sold in new condition for 150 USD or more and pre-owned condition sold for 300 USD or more. Eligible sneakers will display a blue Authenticity Guarantee check mark. With the sneaker resale market set to be a billion...

Business

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...

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...

RetailFeatured

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...

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...

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:...

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...

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...

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...

Fashion Featured

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,...