Value Added Resource Week In Review 8-6-23
Welcome to the Value Added Resource ecommerce news week in review!
eBay News
eBay is actively hiring for new Global GM Sneakers & Streetwear, a role currently held by Garry Thaniel.
Is eBay hoping new leadership can reinvigorate this flagship focus vertical that has struggled since reintroducing selling fees and charging buyers shipping to try to monetize the program?
Registration is now live for eBay Open 2023 virtual seller conference. Check out highlights from the agenda and start your planning now!
Get a first look at eBay's new Ad Rate Forecasting tool, announced as "coming soon" in the eBay Summer 2023 Seller Update.
It was another "magical" week of technical issues on the platform with eBay search once again completely broken with searches showing zero results for popular keywords where there should be hundreds of thousands of items for sale.
Some sellers were also alarmed by a glitch that caused USPS labels purchased directly from eBay to be flagged as counterfeit postage.
And a Promoted Listings Express bug is preventing some sellers from being able to advertise their auction listings.
Updates
Authentication workers who voted to form a union at eBay-owned trading card marketplace TCGPlayer held a press conference this week calling out the company's anti-union activities and refusal to come to the bargaining table.
TCGUnion-CWA also filed two new complaints the the National Labor Relations Board naming both eBay and TCGPlayer in allegations of Refusal to Bargain/Bad Faith Bargaining, Refusal to Furnish Information, Repudiation/Modification of Contract and Coercive Statements (Threats, Promises of Benefits, etc.).
While eBay has still declined to publicly provide any information or answer any direct questions about recent sudden drops in Promoted impressions, a high volume seller in the UK says the eBay ads team confirmed there was in fact a test being conducted that lowered impressions.
Other Ecommerce News
Etsy bowed to public pressure on Payment Reserves, promising to make changes to the policy after scathing media reports in the UK and US.
Was it a good faith effort to "keep commerce human" or just a last ditch attempt to head off scrutiny ahead of Q2 2023 earnings report?
Active buyers reached a new high but sales remained flat for Etsy in Q2 2023, with weak Q3 guidance raising concern about softening demand.
Etsy also continues to test new ways to direct buyers to competing listings with experiment that turns seller provided titles into links back to search similar items.
Walmart is stepping up the competition against eBay Refurbished by introducing Walmart Restored Premium promising 1 year warranty and 90%+ battery life for refurbished items from qualifying sellers.
And finally, BigCommerce is playing catch up with rival Shopify, announcing new AI-powered ecommerce tools coming later this year through partnership with Google Cloud.
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