Ebay Wants A Bigger Piece Of The $49 Billion Luxury Fashion Resale Market [Forbes]
ThredUp Inc. - Class A (TDUP)
Company Research
Source: Forbes
As a pioneer in online marketplaces brokering peer-to-peer transactions across every consumer product category imaginable, Ebay has quietly participated in the luxury fashion resale market for years, yet it isn't the first name that comes to mind. More prominent in that space are The RealReal, Vestiarie Collective and Thredup to a lesser extent where luxury's concerned. Now Ebay wants a bigger piece of the secondhand luxury fashion market that reached $49 billion (€45 billion) globally in 2023 and is growing twice as fast as the primary personal luxury market, according to Bain Ebay is expanding its authenticity-guaranteed consignment service to fashion apparel from luxury handbags which started last year. As with handbags, it restricts the consignment listings to specific brands, such as Gucci, Balenciaga, Fendi, Dior, Burberry, Louis Vuitton, Prada and other respected names. Luxury items for consignment are shipped to one of Ebay's eight authentication centers for validation,
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TDUP
Earnings
- 3/4/24 - Miss
TDUP
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- TDUP's page on the SEC website