eBay news and archive

Ebay invests 300,000 dollars in Refiberd to drive circular fashion solutions

Ebay has announced a 300,000 dollar investment in Refiberd, crowning the US-based startup as its Circular Fashion Innovator of the Year. The funding comes as part of the online marketplace's global Circular Fashion Fund program, which aims to scale sustainable solutions in an industry increasingly under pressure to reduce its environmental...

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Ebay increases annual sales by two percent

The US e-commerce group eBay Inc. was able to slightly improve its sales in the 2024 financial year. Profit, however, fell short of the previous year's level. CEO Jamie Iannone was satisfied with the latest development: In the fourth quarter, the company "met or exceeded expectations on key metrics," he emphasized in a statement published on...

Fashion

eBay UK extends Love Island partnership amid pre-loved fashion surge

eBay UK has renewed its headline sponsorship of ITV2's Love Island: All Stars for a second season, marking its sixth consecutive collaboration with the reality television franchise. The partnership, which places pre-owned fashion at the forefront of prime-time television, has witnessed significant market impact since its inception in 2022. Data...

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Ebay and Klarna expand Buy Now Pay Later to new markets

Multinational ecommerce giant eBay has expanded its partnership with Klarna, transforming the art of digital window shopping into a more fluid financial experience. The collaboration, which spans key European markets, introduces flexible payment options that could revolutionise how fashion consumers approach their purchasing decisions. The...

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“Status of German Fashion 2024”: Between tradition and digitalisation

The Fashion Council Germany (FCG) and eBay Germany recently published the study “Status of German Fashion 2024”, which, in conjunction with the research institute Oxford Economics, examined the economic significance of the German fashion industry (clothing, footwear, accessories, bags and jewellery). The study also looked at the key challenges...

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eBay's Q3 revenues improve by 3 percent

eBay Inc. revenue for the third quarter was 2.6 billion dollars, up 3 percent on an as-reported and foreign exchange neutral basis. Gross merchandise volume (GMV) was 18.3 billion dollars, up 2 percent on an as-reported basis and 1 percent on an FX-neutral basis. "We achieved another quarter of positive GMV growth and delivered strong results...

Fashion

Amazon dominates holiday gift search

Amazon has emerged as the dominant online platform for UK holiday shoppers, with over half (52 percent) turning to it for festive gift inspiration, surpassing Google, which attracted only 31 percent of shoppers, according to recent research by Nosto. Generative AI tools like ChatGPT are quickly gaining relevance, with 8 percent of UK consumers...

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eBay expands Circular Fashion Fund with 1.2m dollars investment by 2025

Ebay has unveiled the global expansion of its Circular Fashion Fund (CFF), aiming to support fashion start-ups with circular business models. By the end of 2025, the e-commerce giant will have committed a total of 1.2 million dollars to foster innovation across markets including the UK, Germany, the US, and Australia. In an added incentive for...

Retail

eBay UK unveils luxury consignment service

Multinational e-commerce platform eBay UK has launched a new consignment service for luxury items, offering users a novel approach to selling their high end possessions. The service, which initially focuses on designer handbags, connects consumers with expert sellers who manage the entire listing and sales process. Ebay’s latest expansion in the...

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eBay names Samantha Wellington as chief legal officer

eBay Inc. has announced the appointment of Samantha Wellington as senior vice president, chief legal officer, general counsel and secretary replacing Marie Oh Huber, who left the business in June after nine years as general counsel. In this role, the company said in a release, Wellington will oversee all global aspects of eBay's legal...

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CarMax CEO William Nash joins eBay board of directors

eBay Inc. has announced the appointment of William (Bill) D. Nash to its board of directors, effective September 18, 2024. The company said in a release that Nash is president and chief executive officer of CarMax, the largest retailer of used cars in the US, which includes its CarMax Auto Finance (CAF) subsidiary. He oversees all aspects of the...

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LFW SS25: What not to miss

London Fashion Week officially kicks off on Thursday, September 12, with a 72-strong line-up of emerging and established designers, including Burberry, Roksanda, JW Anderson and Harris Reed, as it culminates its 40th-anniversary celebrations. Running until September 17, the spring/summer 2025 showcase has a packed on-schedule line-up of 48...