Despite not being best known for clothing sales, eBay says it generates over $5.4bn in clothing, shoe and accessory sales per year. The company says it has purchased Brands4friends in order to strengthen its position as a leading European fashion destination. Brands4friends sells mainstream clothing brands at discount prices to its members through daily offers.
It’s unclear exactly how the purchase will be integrated into eBay’s existing operations, but with the company’s own research showing that online shopping clubs accounting for around 20% of online fashion sales in Europe, it’s an appealing market for the company to get a slice of.
The purchase is eBay’s third this year, following local shopping search service Milo.com and barcode scanning app RedLaser.