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eBay India to expand refurbished products portfolio

  • E-commerce company
    eBay is set to expand its refurbished devices portfolio to electrical goods
    this month, and increase sales in the category.
  •  
    • E-commerce company
      eBay is set to expand its refurbished devices portfolio to electrical goods
      this month, and increase sales in the category.
    •  

    •  
    • “We are scaling
      up the refurbished products category to include white goods. We have seen a 100
      percent rise in demand for such goods since we introduced it in August,”
      head of retail exports and lifestyle category at eBay India, Navin Mistry,
      said.
    •  
    • There were 6,000
      refurbished product listings in August which has grown to 20,000 product
      listings, he said.
    •  
    • A majority of the
      refurbished products offered presently are mobility devices, which are priced
      35-50 percent of their original price. Presently, of the “three crore” products
      listed on its website, 95 percent account for new items, while five percent
      comprise of second-hand and refurbished units.
    •  
    • “We are trying
      to change it to 80 percent new products and 20 percent second-hand and
      refurbished items in one-year time frame,” another official at the company
      said.
    •  
    • Globally, 76 percent
      of the products listed are new and the rest 24 percent pre-owned and
      refurbished ones.
    •  
    • As per the company,
      the industry size for refurbished products in India is estimated at $15 billion,
      with the e-commerce market having a potential to address $500 million of the
      market size.
    •  
    • “We have 15
      sellers belonging to the organised sector for this category and products listed
      on the website carry a seller’s warranty. We have seen a 33 percent growth in
      domestic sellers last year and hope to maintain the momentum,”
    • Mistry said.
    •  
    • eBay India has 45,000
      domestic sellers and another 20,000 sellers catering to the international
      market. It clocked a revenue of $2.1 billion globally during April-June this
      year with the total value of goods sold figuring at $21.1 billion.

     

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