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eBay snaps up NFT marketplace KnownOrigin

US e-commerce giant eBay has bought non-fungible token (NFT) marketplace KnownOrigin for an undisclosed sum. Founded in Manchester in 2018, KnownOrigin’s technology and platform enables artists and collectors to create, buy and resell NFTs via blockchain-support transactions. eBay said the acquisition of KnownOrigin is an “important step” in its...

23 Jun 2022

Business

Cost-of-living crisis causing surge in second-hand shopping, according to Ebay

A new report by Ebay Ads UK has found that the ongoing cost-of-living crisis has been driving significant changes in consumer behaviour, causing a shift towards circular shopping habits like the purchasing of second-hand goods. The region’s rising cost of living has seen energy bills, fuel and food prices climb, which Ebay said is causing UK...

30 May 2022

Retail

Ebay to open sneaker store in LA

Pre-owned marketplace Ebay has revealed it will be opening its first-ever sneaker store in Los Angeles, offering coveted sneaker styles for up to 70 percent off their market price. Set to open on the US’ Memorial Day weekend, May 27 to 29, the ‘Wear ‘Em Out Store’ looks to reward sneaker enthusiasts for sporting their new shoes out of the store....

23 May 2022

Culture

Ebay to collaborate with Love Island as show’s first pre-loved fashion partner

Love Island has revealed a new partnership with Ebay UK, marking the reality series’ first pre-loved fashion affiliate. The agreement with the online marketplace will see all of the show’s contestants sport second-hand items for the upcoming season, with a shared wardrobe to be situated on location. Ebay has selected celebrity stylist Amy...

19 May 2022

Business

eBay reports decline in Q1 revenue and GMV

Revenue at eBay was 2.5 billion dollars, down 6 percent on an as-reported basis and down 5 percent on a foreign exchange (FX) neutral basis in the first quarter. Gross merchandise volume (GMV) was 19.4 billion dollars, down 20 percent on an as-reported basis and down 17 percent on an FX-neutral basis. "Our team has delivered another strong...

5 May 2022

FashionFeatured

eBay UK launches authenticity guarantee for pre-loved luxury handbags

Online marketplace eBay has expanded its authenticity guarantee to include pre-loved luxury handbags over 500 pounds in the UK. The move follows the success of eBay’s authenticity guarantee service for sneakers and watches launched last year, which the marketplace stated saw a multimillion-pound uplift in sales. The specialised service has been...

5 May 2022

FashionFeatured

BFC taps eBay UK as latest patron to drive ‘positive change’ in fashion industry

eBay UK has been revealed as the newest patron of the British Fashion Council (BFC), and will work with the organisation to “make a positive change in the fashion industry”. The online marketplace is the latest big-name player in the fashion scene to be announced as a BFC patron, following in the footsteps of companies like Marks & Spencer,...

3 May 2022

Fashion

eBay UK launching ‘Imperfects’ to drive more circularity

Online marketplace eBay is launching ‘Imperfects’ to coincide with Earth Day on April 22, which will offer fashion products from brands including North Face and Off-White that did not meet the manufacturers' strict quality standards. The move is in a bid to reduce fashion waste, explains eBay, inspired by the supermarkets’ wonky veg initiative,...

21 Apr 2022

Fairs

Ebay launches UK roadshow and investment programme for small businesses

Online marketplace Ebay has announced the launch of its Business Roadshow, a physical event and investment programme designed to aid small UK businesses in the start up and scaling processes. Established in partnership with Small Business Britain and British Chambers of Commerce, the roadshow is set to travel around the country with...

14 Apr 2022

Business

eBay posts Q4 revenue growth of 5 percent

eBay Inc. fourth quarter revenue was 2.6 billion dollars, up 5 percent on an as-reported basis and up 5 percent on a foreign exchange (FX) neutral basis. The company’s gross merchandise volume (GMV) was 20.7 billion dollars, down 10 percent on an as-reported basis and down 11 percent on an FX-neutral basis. GAAP net loss from continuing...

24 Feb 2022

BusinessFeatured

Vinted reigns as number one resale market place in EU

A study carried out by Cross-Border Commerce Europe has found that Vinted is now the number one second-hand marketplace in the EU and the UK, overtaking Ebay. Results for the ‘Top 100 Cross-Border Sustainable Marketplaces operating in Europe’ are based on sustainability data from the best performing marketplaces across all platform types, with...

10 Dec 2021

Business

eBay acquires Sneaker Con authentication business

eBay Inc. and Sneaker Con Digital have entered into a definitive agreement under which eBay has acquired Sneaker Con’s authentication business, a sneaker authenticator with operations in the U.S., U.K, Canada, Australia and Germany. The company said in a statement that this acquisition is an extension of the ongoing collaboration between eBay...

30 Nov 2021