eBay began life as auction-only website AuctionWeb in 1995. In the early 2000s, eBay launched its virtual mall, allowing retailers to set up their own store. A ‘buy it now’ option was also introduced, allowing customers to either choose to bid, or end the auction early for a fixed price. Retail Week provides news, analysis, features and opinion about eBay and the marketplaces sector.
Consumers are increasingly seeing value in pre-loved clothes and retailers have an opportunity to respond, believes Oxfam retail boss Lorna Fallon
Over half of households earning over £80,000 have used Vinted, compared with 34% of those earning under £20,000.
This year has certainly been one to remember for the 30-year old eBay. In February, it was revealed that eBay would purchase secondhand fashion platform Depop for $1.2bn, but the acquisition was only completed at the end of July after the Competition and Markets Authority (CMA) gave the deal the green light.
The Competition and Markets Authority (CMA) has cleared eBay’s anticipated acquisition of resale platform Depop following an initial probe.
John Lewis was the highest-rated retailer for customer satisfaction in the July edition of a long-running barometer published by the Institute of Customer Service, but retailers are now rated lower than banks on average
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