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Stock impact report

Rakuten, eBay team up to test U.S. market for used Japanese fashion goods [Globe and Mail, The (Toronto, Canada)]

eBay Inc. (EBAY) 
Last ebay inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ebayinc.com
In exchange for commissions on sales, eBay lists Rakuma's selected goods for sale on its site, while a Rakuten-contracted vendor handles shipping and customer service in the U.S. The trial is starting with used fashion and accessories, which have cachet overseas due to Japanese users' reputation for treating their luxury goods gently, said Rakuma general manager Kenichiro Hasegawa. “Because of the use of cases and covers and such, these second-hand goods are in quite good shape,” Hasegawa said. “To say something is ‘used in Japan' gives some immediate value.” The tie-up comes amid an investment and tourism boom in Japan, partly fuelled by the yen's slide that has made the country's goods relatively cheap. Second-hand stores, notably in Tokyo's electronics district of Akihabara, have been swarmed by overseas customers looking to snap up vintage games and toys. Rakuten did not provide a sales target for the venture with eBay. Hasegawa said there has not been any feedback from t Show less Read more
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