An interview with eBay CEO Jamie Iannone on eBay's strategy to focus on the second-hand luxury market, as its market value has fallen from $53B in 2021 to $21B
eBay concedes it lost to Amazon. “When you're talking to sellers who are selling ‘new and in-season’, they're going to be more likely to sell on Amazon or Walmart. Ebay tried to move into that space. I don't think it's a long-term place where we can win.” https://www.ft.com/...
The focus on premium, authentication and higher average unit retail is all helpful....BUT the fundamental change to return to growth is merchandising. $EBAY https://www.ft.com/...