From Nasdaq: 2024-04-10 12:56:00

eBay introduced a new “shop the look” feature on its iOS app, using generative AI to offer personalized fashion recommendations. Expected to enhance user experience and tap into the growing generative AI market projected to reach $967.65 billion by 2032. Competing with Amazon, Shopify, and Alibaba in the AI-powered fashion sector.

eBay’s strategic move in enhancing its fashion offerings includes launching a mobile consignment concierge, Luxe Line, for luxury items. Prioritizing fashion retail with a luxury consignment service and acquisition of Certilogo, an AI provider. This aligns with the booming fashion e-commerce market expected to hit $1.35 trillion by 2028, boosting eBay’s financial performance.



Read more at Nasdaq: EBAY Boosts Fashion Retail Offering With Generative AI Feature