Earlier this month, eBay scrapped seller fees on consumer-to-consumer fashion and it’s no wonder – the secondhand market for clothing is soaring. But there is one problem for established players such as eBay and Depop: the exodus of customers switching to Vinted
Exclusive Retail Navigator data shared with Retail Week this week reveals eBay tops the ranking of international retailers by UK sales percentage in 2022/23. Although eBay started as a site largely matching buyers to sellers of second-hand goods, in 2022 around 80% of products it sold worldwide were new items. The UK accounted for 16.3% of the eBay’s total turnover in 2022/23, with 50% of the US marketplace’s group revenue coming from its international business.
eBay has become the latest marketplace to ditch its selling fees for fashion-seeking UK users in its latest effort to encourage shopping for pre-owned clothing.
Secondhand platform Depop has announced the removal of selling fees for UK users in its latest bid to make fashion circular.
Charity Super.Mkt co-founder Maria Chenoweth has said “online is the new car boot sale” when speaking about the role of pre-loved in the fashion market, alongside Depop, eBay and River Island at LIVE 2024.
Advertisement
