Topic
48 stories in this topic
Retail giant Walmart-owned leading e-tailer Flipkart on Wednesday unveiled a dedicated portal ‘2GUD’ for refurbished goods, including mobile phones, laptops and tablets, a week after shutting its eBay India operations. “The independent platform ‘2GUD’ aims to…
US-headquartered eBay has bought out its partners in the Japanese e-commerce business Qoo10. According to regulatory filings seen by US media, eBay has paid US$306 million in cash for Qoo10’s Singapore-headquartered parent Giosis and relinquished its existing…
US e-commerce platform eBay revenue rose by 9 per cent during the second quarter to June 30, to US$2.6 billion. Gross merchandise volume (GMV) rose 10 per cent, reaching $23.6 billion, or 7 per cent on a foreign-exchange neutral basis. Net income was $638…
More Australians visit Ebay in an average four week period than do Amazon and Kogan combined, new Roy Morgan research has revealed. New data put together from a sample of 50,000 Australians aged 14-plus has shown that Ebay is by far the most popular local…
Ebay Australia has officially launched its new membership program, Ebay Plus, offering free delivery and returns on 15 million products from tens of thousands of retailers, including Myer, Target and Chemist Warehouse. Ebay Plus members also get access to…
Wesfarmers has inked a deal with Ebay Australia that will see its Flybuys loyalty program extended to purchases made on the marketplace. As of today, Ebay shoppers can collect and redeem Flybuys points with 40,000 Australian retailers on the marketplace,…
Online shopping giant eBay and specialist retailer Saatchi Art have created and tested an experimental retail experience they claim is the world’s first subconscious shopping experience. It merges art and technology to reveal shoppers’ subconscious desires.…
South Korean online mall sales growth has decelerated as competition grows more fierce, government data shows. There was a 3.6 per cent increase in the combined revenue of 26 offline and online retailers to 10.22 trillion won (US$9 billion) in July, according…
US department store retailer Macy’s has named Hal Lawton, formerly senior vice president of Ebay North America, as president. Effective September 8, Lawton will be responsible for all aspects of the Macy’s brand, including merchandising, marketing, stores,…
Ebay announced it has promoted Scott Cutler, Jay Lee and Jooman Park to lead Ebay’s regional teams. Cutler will lead the Americas, Park will lead APAC and Lee will lead EMEA. Cutler has been with Ebay since 2015. Prior to Ebay he was the Executive Vice…
Microsoft is looking to extend its local retail footprint, yesterday launching a virtual store on Ebay. The tech giant said it is looking to tap into the 11.3 million monthly visitors that visit the online marketplace, with one in two online shoppers visiting…
A virtual reality shopping mall is set to be launched in Korea, backed by the government. The Ministry of Trade, Industry & Energy says it will be rolling out the mall during this year’s Korea Sale Festa – Korean Black Friday – in October. The ministry hopes…
Three days after closing a funding round of US$1 billion, Flipkart is taking steps to acquire eBay India. Insiders say eBay India will be folded into Flipkart, reports start-up specialist publication E27. After Flipkart, Amazon, Shopclues, PayTM and Snapdeal,…
Indian e-commerce giant Flipkart has closed a US$1 billion funding round, with plans to raise an equal amount over the next few months. Investors who have contributed to this round include eBay, Microsoft and Tencent Holdings, Bloomberg reports. The funding…
At first glance, eBay’s final quarter numbers look relatively subdued – with growth across every line sequentially worse than the prior quarter. However, digging beneath the headlines reveals a slightly better picture, if only because the strength of the…
Cross-border eCommerce (CBEC) is set to skyrocket in China according to a new report from international think tank Fung Global Retail & Technology. To capitalise on this, international retailers need to complement their existing expansion strategy with online…
