The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
EBay Inc on Wednesday forecast current-quarter profit below Wall Street estimates as it faces fierce competition from the likes of larger rival Amazon.com Inc for a share of the pandemic-led online shopping boom.
Shares of the company fell 5 percent in extended trading.
Pandemic-wary customers have turned to e-commerce platforms during the health crisis, but vaccine rollouts are expected to fuel a return to brick-and-mortar as people spend more time outside.
EBay also faces competition from larger rivals including Amazon and Walmart Inc’s online business.
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EBay forecast second-quarter adjusted profit in the range of 91 cents to 96 cents per share. Analysts had expected a profit of $1.02 per share, according to Refinitiv IBES data.
Revenue rose to $3.02 billion from $2.13 billion in the first quarter, beating analysts’ estimates of $2.97 billion.
By Akanksha Rana; editor: Aditya Soni
BoF Careers provides essential sector insights for fashion's technology and e-commerce professionals this month, to help you decode fashion’s commercial and creative landscape.
The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, which would make a sale of the app with algorithms highly unlikely.
The app, owned by TikTok parent company ByteDance, has been promising to help emerging US labels get started selling in China at the same time that TikTok stares down a ban by the US for its ties to China.
Zero10 offers digital solutions through AR mirrors, leveraged in-store and in window displays, to brands like Tommy Hilfiger and Coach. Co-founder and CEO George Yashin discusses the latest advancements in AR and how fashion companies can leverage the technology to boost consumer experiences via retail touchpoints and brand experiences.