Value Added Resource Week In Review 4-14-24
Welcome to the Value Added Resource ecommerce news week in review!
eBay News
Rumors that had been swirling throughout The Hobby for weeks were finally confirmed as eBay announced they've entered into a deal to acquire Goldin Auctions from Collectors and sell off the eBay Vault to PSA (owned by Collectors).
In other collectible trading card news, for almost three decades eBay has claimed it does not compete with its sellers - but that is no longer true as eBay has quietly been selling on its own platform under subsidiary TCGPlayer brand with no disclosure to consumers or third party sellers they are directly competing against.
eBay has a new Head of Labor and Employee Relations as self-styled "employee relations guru" Kristi Selby joins the company after almost 12 years in labor related roles at Nestle.
What will this new hire mean for unionized workers at TCGPlayer and those who may be considering organizing at eBay's other authentication centers?
Just days after we revealed eBay was looking to "win back" important C2C business in the UK, the company announced private sellers in the region will no longer pay selling or regulatory fees on sales in clothing categories.
As part of the announcement, eBay will be bringing eBay Live selling and their AI description generator to the UK as well.
eBay has launched a global media agency review, moving from a decentralized market-based model to a more centralized model amid larger business strategy shift to broader consumer-seller focus.
Will new agency bring fresh ideas to showcase wide variety of goods on eBay instead of narrow focus verticals?
eBay's experiment with flat upfront fee ads for auctions is coming to an end as Promoted Listings Express for Auctions will be discontinued April 15 to make way for adding auctions to the existing Promoted Listings Standard product.
Other Ecommerce News
USPS has filed a notice with the Postal Regulatory Commission advising of proposed postage rate changes to take effect July 14, 2024, raising the cost of some Market Dominant mailing services approximately 7.8% on average.
Check out an exclusive Media Mail rate comparison chart from Value Added Resource!
Etsy has released April seller announcements with a warning that some inactive accounts will soon be deactivated plus changes to how delivery estimates are calculated and new gift recipient messaging capabilities.
Etsy is testing a new way to let buyers see all item images without clicking through to view the full listing with a scrolling thumbnail display in search results.
And Q1 2024 earnings calls are just around the corner - track important ecommerce marketplace earnings dates here!
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