Japan's Rakuten Group is partnering with eBay to test U.S. demand for used Japanese fashion goods, made all the cheaper with the yen trading near a 34-year low. The tie-up, which started on May 8 with just seven vendors on Rakuten's second-hand goods unit Rakuma, aims to capitalise on the currency effect and also a move toward bargain hunting as cost-of-living pressures around the world crimp spending. In exchange for commissions on sales, eBay lists Rakuma's selected goods for sale on its site, while a Rakuten-contracted vendor handles shipping and customer service in the U.S.
Have a bidding strategy and a targeted approach … and train the algorithms
Collectors, parent company of PSA, and eBay Inc. (NASDAQ: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, today announced they have closed a series of previously announced transactions. This summer, eBay and PSA, a leading third party authentication and grading provider in the collectibles industry, will launch a new, seamless, end-to-end experience to the trading card hobby ("The Hobby"), enhancing the collector journey by unlocking new markets and