May 4, 2004, 12:00 AM

eBay continues growth of its b2b sales

eBay’s business-to-business gross merchandise sales continue to increase at a rapid pace, after doubling to $2 billion last year, eBay says. It expects to spur b2b sales further with an inventory financing plan.

EBay Inc.’s business-to-business gross merchandise sales on eBay.com continue to increase at a rapid pace, after doubling to $2 billion last year from $1 billion in 2002, eBay says. "This business is still just getting started," says Jordan Glazier, general manager of eBay Business.

Although Glazer declines to give the current growth rate for b2b sales, he says eBay expects to spur b2b sales even further with an inventory financing plan to help eBay’s sellers deal in larger quantities of products. "We’re looking at rolling out inventory financing for sellers within a year," Glazier tells Internet Retailer.

EBay divides its b2b sales into three categories: office technology, industrial equipment and merchandise offered for re-sale through its Wholesale Lots section. Although it doesn’t usually break out sales for each category, eBay noted earlier this year that its industrial category was on pace to do $1.1 billion in gross merchandise sales this year. It defines gross merchandise sales as the final value of sales listed and completed by eBay sellers.

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

J.T. Compeau / E-Commerce

How Walmart is getting its Oscars debut right

Consumers talking about the Oscars on social media are also engaging with Wal-Mart, data shows.

FPO

Mike Cassidy / E-Commerce

5 e-retail planning tips for holiday 2017

Monday’s turn out to be prime shopping days during the holiday season.

Research Guides

Advertisement