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EBay forecasts quarterly revenue below expectations on weak demand

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February 26, 2025

 E-commerce firm eBay forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for products such as collector’s items and refurbished goods, sending its shares down 7% in extended trading.

Ebay

High interest rates and persistent inflation have hampered U.S. consumer spending for two years, leading to sluggish demand for non-essential items such as collectibles and luxury accessories.

The e-commerce company has been pressurized by decreasing advertising revenue and faces intense competition from Amazon, opens new tab and China’s Alibaba Group, opens new tab, the B2B online marketplace.

The elimination of selling fees for consumer-to-consumer sellers for all items excluding cars sold domestically in the UK is also expected to pressure eBay’s take rate, which is how much money a business makes from a transaction.

The company expects revenue in the range of $2.52 billion to $2.56 billion for the first quarter, compared with analysts’ average estimate of $2.59 billion according to data compiled by LSEG.

EBay expects gross merchandise volume, a key industry metric that denotes the total value of goods and services sold on the marketplace, between $18.3 billion and $18.6 billion for the quarter, below estimates of $18.8 billion.

Revenue for the fourth quarter ended December 31 was $2.58 billion, compared to analysts’ average estimate of $2.57 billion according to data compiled by LSEG.

© Thomson Reuters 2025 All rights reserved.



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Represent’s performance label 247 launches largest collection yet

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February 27, 2025

Premium brand Represent has been ramping up its launch programme of late and fresh from its womenswear debut and Selfridges pop-up, the company has now unveiled its biggest collection yet for its performance-wear label, 247.

Represent 247

It’s a good time to expand the scope of the label that was launched only in 2020. Performance labels across the price spectrum are seeing strong results, from premium names like Castore that continues to grow fast to mass-market offers such as M&S’s Goodmove and H&M’s Move that are among those retailers’ best-selling products.

Only this week, a new study from CACI also showed that gym membership in the UK is soaring and fitness brands are booming.

So what has Represent come up with? The fast-growing 247 has launched a 65-piece offer for SS25 with a ‘nature-inspired’ collection that includes popular 247 staples in seasonal colours, alongside new products that offer layering options for the colder months, such as the Lightweight Gilet and Running Quarter Zip.

Rivington Pike, a favourite hometown running destination of Represent founder and creative director George Heaton, forms the inspiration for several pieces within the collection — a concept that first featured in the Arc-2 Trainer, 247’s entry into performance footwear that launched in January.

Also important are the Realtree print, “building upon the success of” the recent sell-out ‘Represent x Realtree’ mainline collection. The trending camo print is seen on core training items such as the 2-in-1 Short and Hooded Training Jacket. 

The collection also features a new colourway — bold ‘Speed Green’ — on key pieces, as well as introducing a new Motion design for the Oversized T-Shirt and Oversized Hoodie. Essential training accessories such as headwear, chest rigs, and gym bags complete the range.

The offer also features technical fabrics, seamless designs and features such as sweat-wicking and antibacterial treatments.

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UK gym and fitness brand spending jumped in December

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February 27, 2025

A recent Experian and Reward report showed interest in fitness surging in the UK and now a new study from data specialist CACI has reinforced that, with the company revealing a “significant spending increase in gyms and [on] fitness focused brands” in December compared to the year before.

CACI

It added that the more premium end of the market benefitted from the greatest year-on-year growth, matched by the popularity of athleisure, both offline and online, “as consumers show increased appetite for health and wellness beyond the traditional ‘New Year’s Resolution’ months of January and February”.

Popular gyms such as David Lloyd and Third Space saw the strongest double-digit growth (having seen similar success the previous year), while Nuffield Health, Pure Gym and The Gym also saw healthy jumps.

Importantly, a consequence of this was that the data pointed to athleisure as both a fashion and fitness choice showing no sign of slowing down. 

Sweaty Betty was up 21% year-on-year for December, Lululemon rose 34.5%, and Gymshark 78.2%. Footwear brands that are pitching more at the fitness market are having success too, with Asics up 38.6% not long after a concerted marketing campaign for its Padel shoes. 

CACI said the trend is also reflected by “online native brands moving into bricks-and-mortar, seeing the headroom for offline spend in athleisure and the value of physical experience”. 

Alo Yoga has recently opened on Regent Street and in Covent Garden, and TALA has just announced its first physical store on Carnaby Street, “both set to benefit significantly from the online halo, gaining exposure to wider audiences and the increased online spend that results from having showrooms in prime West End locations”.

Lily Payne, Senior Consultant at CACI, said: “Some might see this as spending in December for use in the New Year, the old resolution habit. But the patterns and scale of growth for gyms and fitness brands suggests behavioural change. There’s a more consistent trend, positioning wellness experiences as more of an essential outgoing than an added expense, even in December when the spending pressures are usually on gifting and socialising. 

“The rise in spending on gyms, particularly on the more premium end of the scale and with ‘club’ style offers over one-off visits, matched with the domination of athleisure, makes it very clear that consumers are fully invested in this space because of the positive wellness outcomes.”

Interestingly she added that it means “the higher cost associated with brands like Third Space and Lululemon becomes less of an obstacle; people want to experience luxury when it comes to fitness and wellness, and want the garments to match. The popularity of athleisure will continue as more and more ‘tribe’ brands like Alo and TALA come to the fore with their collections, as well as gyms which can offer a holistic experience, ticking all the right boxes for an increasingly wellness-focused consumer.” 

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Jil Sander, the Meiers take a long, slow final bow

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February 26, 2025

If, as most people believe, the designers of Jil Sander, Luke and Lucie Meier are about to be replaced, they certainly have left Germany’s most famous fashion label on a high note.
 

Photo Credits: Godfrey Deeny

A bold blend of sharp tailoring, punchy effects, unusual material mixes, and urban chic was an admirable final collection in their tenure at Jil Sander, a house founded in Hamburg in 1973.
 
Staged in funeral black, with two narrow runways beneath black-curtained walls, in dim undertaker’s light, the mood and the collection were sombre as one entered from a sunny Wednesday morning at Milan Fashion Week

That said, the clothes often dazzled, from pink shard dresses to metallic silver plissé cocktails. The design duo’s big idea was plastic shard skirt dresses—cut like techy Pacific Island chic.
 

Photo Credits: Godfrey Deeny

In a co-ed show, the guys appeared in Edwardian coats and blazers bristling with cock feathers and biker leather suits in electric blue, while a series of coats for men and women featured ingenious degradé colouring, beginning in black and fading into bronze, then white at their high funnel necks.
 

Photo Credits: Godfrey Deeny

Considering that Jil Sander was once dubbed “the Queen of Less,” this felt like a very distant “More is More”—especially the shoes: hyper-studded and spiked winklepickers and brothel creepers. There was nothing minimal about them.
 
In truth, the house of Jil Sander has had an erratic history since the founder departed in 2004 after repeated clashes with then-owner Patrizio Bertelli of Prada. Ownership changed hands several times, including to a vulture fund, before being acquired by OTB and its chairman, Renzo Rosso, the Italian billionaire founder of Diesel, in 2021.
 
However, for several seasons now, Renzo Rosso has been openly expressing his desire to make Jil Sander into an Italian Hermès with an edge. This collection was far from that. Indeed, if one could fault Luke and Lucie Meier for anything, it was that the collection, with its sharp lines and exaggerated finishes, felt more targeted at critics than clients.
 
Three weeks ago, Rosso named Serge Brunschwig from Fendi as Jil Sander’s new CEO, underlining that change is on the way. That change came shortly after the show with news that the Meiers were out.

They clearly knew the end was near, but they can leave Jil Sander with their heads held high (and some well-earned applause during their long, rather mournful tour of the catwalk). Their seven-year tenure featured several excellent collections that were among the half-dozen best in fashion in certain seasons—no easy feat to achieve, rest assured.

For the future, the current favourite to replace them at Jil Sander is Daniel Lee of Burberry. Stay tuned as the career carousel that high fashion has become takes another turn.

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