Bid for self-preservation: eBay to slash 500 jobs as e-commerce giant eyes shift to new technologies February 8, 2023 eBay is joining the ranks of other tech companies laying off staff in a self-preservation effort during a challenging economic environment. The e-commerce giant announced it is cutting 500 jobs – about four per cent of its workforce – so that they can “continue to be successful”, in a memo written to employees on Tuesday [...]
Slow fashion: Retailers embrace second-hand clothing to draw in thrifty eco-conscious fashion lovers January 23, 2023 High street retailers are following in the footsteps of their online rivals, offering more second-hand clothes to lure in shoppers wanting to steer clear of fast fashion and hunt for bargains amid a cost of living crisis. The second-hand clothing market has exploded over the last decade to an estimated £6.5bn last year, largely thanks [...]
Apprentice star Kathryn Burn: Royal Mail strikes ‘complete nightmare’ for small businesses December 15, 2022 The Apprentice star and small business owner Kathryn Burn has said the Royal Mail strikes are a “complete nightmare” for retailers and accused posties of being “almost greedy.” Burn, who owns the My Christmas Pyjamas and Pyjamily brands, told CityA.M. that protracted industrial action over retail’s ‘golden quarter’ had “made my job very, very hard.” [...]
Amazon and eBay: 10 out of 12 Christmas lights sold are a fire hazard December 14, 2022 Testing by consumer group, Which? revealed that 10 out of 12 Christmas lights sold on Amazon do not meet UK electrical equipment safety regulations. The consumer group tested under £15 Christmas lights sold on both eBay and Amazon, finding that most of them are dangerous for household use, and may cause a fire. Responding to [...]
eBay UK chief slams Royal Mail strikes for impact on small businesses November 24, 2022 Ebay’s UK chief has slammed posties’ strike action, saying small businesses are being caught in a “crosshairs at the very time they most need support”. Writing in City A.M., Murray Lambell said smaller e-commerce firms were the “lifeblood” of the economy and must be protected during this festive season. “The last two festive trading periods [...]
Former eBay exec set to plead guilty after cyberstalking campaign April 20, 2022 A former eBay executive plans to plead guilty to federal charges that he planned a cyberstalking campaign that targeted a couple whose online newsletter EcommerceBytes made digs at eBay.
eBay bolsters logistics options for sellers as platform surges with SMEs July 26, 2021 eBay UK has bolstered protections and logistics for its sellers after seeing a 237 per cent surge in new businesses joining the online marketplace giant amid the pandemic. The pandemic pushed many employees into furlough, unemployment and a general revaluation of working life and with many looking for extra income, side-hustles on online platforms took [...]
eBay to sell majority stake in South Korean branch to E-Mart for $3bn June 24, 2021 Online marketplace giant eBay is set to sell a majority stake in its South Korean branch to retailer E-Mart for $3bn. The deal forms part of a string of asset sales, with the UK’s competition watchdog clearing eBay’s $9.2bn sale of its classified ads business to Norwegian rival Adevinta earlier this month. South Korean E-Mart, part [...]
Watchdog clears Ebay’s $9.2bn classified ads deal with Adevinta June 3, 2021 The competition watchdog has cleared Ebay’s $9.2bn (£6.5bn) sale of its classified ads business to Norwegian rival Adevinta. In March the two companies said they would sell off three British divisions to secure regulatory approval for the tie-up. Adevinta said it will divest Shpock, while US ecommerce giant Ebay will sell Gumtree and Motors.co.uk. The [...]
eBay moves into finance to help SMEs navigate Covid cashflow crisis May 12, 2021 eBay UK has today announced a new finance programme to help small businesses rebuild as startups across the country face a Covid-driven cashflow crunch. Capital for eBay Business Sellers (CEBS) will offer financing products to support the 300,000 SMEs that sell through the platform to 29m active monthly buyers. The launch follows new research released [...]