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Finance

eBay Joins Peers in Opening Physical Stores

Unlike the stores that Amazon and peers have set up, eBay is initially only opening temporary stores. For example, eBay’s Wolverhampton store will only open for a month. eBay’s retail revival initiative is expected to run for a year as the company grooms future marketplace customers as well as showing that all is not lost for traditional retailers despite the rise of online shopping.

British consumers spent more than $600 billion on retail purchases, with the lion’s share at nearly 80% going to offline retail businesses, according to eMarketer data. But the online retail segment is fastest growing in the country.

eBay made a profit of $521 million in the first quarter.

View more information: https://marketrealist.com/2019/05/ebay-joins-peers-in-opening-physical-stores/

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