eBay Reverses Unpopular Markdown Pricing Policy for Now

by: Vernfern

Good for them! This feature was one of the many utterly stupid decisions eBay has made in recent times - and I am glad they reversed it.  

by: eBay Shill Buster

Devin has destroyed the marketplace beyond repair, even the bidding pop up box is not working properly, just tried to bid on an item and it misfired at least 5 times, sellers are losing price momentum because eBay's inept programming and data center management.

by: toolguy

OMG!

eBay is listening to sellers.

I had a sale last week and only 1/2 of my items were on sale because of the 14 day rule.

This is a POSITIVE move going back to where we were. . .

by: CanBrit

At least one positive step forward. I'll give them that one.

Now let's wait and see if there are more stock irregularities. It's moving into the $34 range again. Who wants to place a bet that there will be stocks issued gratis to the senior execs like September 15th that they will dump the same day?

by: hopeforthebest

Don't be fooled, what they give with one hand they easily take away with the other.

It just means nobody was using the markdown tool, and they want more user engagement.

Don't be fooled: nobody's at Ebay is listening to any noise out here in Ebayland.

by: mcposty

Reams of research and statistics show shoppers buy more items that have strike through pricing.

Wouldnt expect ebay to know that or care

by: Marie

This is a good move for Ebay to make.  To say this was unpopular is an understatement.  It made no sense whatsoever from the beginning.  It restricted and hindered sellers for no good reason or advantage.  No matter how you looked at the policy you couldn't find anything positive about it.  I'm very glad to see it go.

by: Silver Ice King

They were so concerned about making sure the Sellers heard about it that they did not even put it on the announcement boards.  This was being discussed in another thread about how some Sellers were exempt and others were not and the discussion was heading off into unfair business practices when Alan suddenly made this post.  

I am sure based on the wording that 3rd quarter results are not going to come out all that favorable so Ebay is making any change it can to try and salvage the 4th quarter results.  I am sure if the 4th quarter is not showing fantastic growth that Wenig is going to be called on the carpet and have to explain what the hell is taking him and his new platform so long to meet the projections that he has continually made.  If this does not make some huge change I look for it to once again be put back into place in 2019.

As for the stock, it is going crazy today, guess there must be a lot of buying and selling as it started at $32.56 and went as high as $34.56 but now is back down to $33.28.  I don't remember seeing those type of daily fluctuations in a long time on Ebay stock, but just read that there is chatter of another activist buyer being interested in ebay again, and the article even mentions Carl Icahn again.  I cannot imagine him ever stepping into Ebay again unless he felt he could force a complete management change to happen fast.  Here is that article link:

https://www.bloomberg.com/news/articles/2018-10-09/ebay-s
oars-as-traders-cite-unconfirmed-chatter-on-activist-stake

by: thievesBay

@CanBrit @Silver Ice King

Stock price irregularities confirmed. Seems quite fishy to me. Down more than 4% already from the high today. PUMP AND DUMP.

by: iheartjacksparrow

"[W]e are committed to considering all input we receive from our sellers."

That made me laugh.

"As we move into the holidays, our biggest priority is ensuring you have an easy and successful selling season."

I think the biggest priority is finding more ways to squeeze money from sellers.

by: eBay Shill Buster

The stock is simply being traded by day traders and the same holders who watched it take a dip from 48 down to 32, they think it bottomed out and are trying to make a quick buck.

eBay is in trouble, they are still relisting sold inventory, I have to refund on a sale now and the inventory has been sold for over 6 months but the eBay relist glitch is still alive and well.

Plus they still can't serve web pages to Windows 10 users on IE 11, all of this stuff is costing sellers and eBay Billions, they can't do the basics right and don't care because top leadership is inept and is stealing as much cash as they can before they are forced out.

by: Troy Stiffler

Haha. I reprice (using Sellbrite's discount feature) almost daily. So when I start a promo on my 2300 SKU's, it adds 5-6 total listings.

I'm annoyed that we need to constantly play a game, when they could simply display the product and let it sell. The whole suppressing, hiding, and throttling listings works against legitimate sellers with product to sell.

by: eBay Shill Buster

Then the morons keep trying to force sellers to use their new pages in MyeBay including the new shipping label abomination.

Every 'Devin Improvement' shows how inept this CEO really is.....

by: thievesBay

@eBay Shill Buster Day traders couldn't ever produce the volume that happened today that made the price go up and then back down so fast. This looks like the big suits cashing in before the inevitable drop coming up. Crookedness abounds.

by: CanBrit

@thievesBay

Jae Hyun Lee gave himself a huge pat on the back with stocks in August. Then it looked like the top execs all went nuts patting themselves on September 15th. The next round is coming in the next few days before the Q3 results.

Because they piecemeal out these stocks at just below the radar. Heaven's sake, can't the SEC count?

by: Marie

From Ebay today on the announcement board.
10-09-2018 12:31:34 PM
As announced in the Summer Seller update, we recently made a change that required sellers to list their items for 14 days at the same price before creating a markdown sale event. This policy was enacted to reduce the negative experiences customers were experiencing from some sellers abusing the markdown feature. We know this is not representative of our seller community as a whole. We heard your feedback and we understand the enforcement was a challenge for sellers providing value to our customers.

Starting immediately, you will be able to create markdown events again immediately after listing.

As we move into the holidays, our biggest priority is ensuring you have an easy and successful selling season. We will continue to evaluate whether changes to this feature need to be made in 2019.

As always, thank you for selling on eBay.

The eBay Team

by: Marie

Some can sling as much mud towards Ebay that they want.  It doesn't change the fact that this change is good for most sellers overall.

Are there other important issues, YES!  But that still does not take away the importance to some sellers in regards to this change.

by: pace306

"Some can sling as much mud towards Ebay that they want.  It doesn't change the fact that this change is good for most sellers overall."

LMFAO

We sling mud at eBay when they do something bad/wrong - that you dont like it - doesnt change what THEY did (to us).

I dont use this feature - so it has no impact on me directly - but if it helps ANY of my fellow sellers - then great.

eBay bad things - 100000000000000000 - eBay good things - 1

"here mud in your eye"

by: Marie

@pace
I did NOT say that this one good thing overshadows or is more important than all the ills on Ebay.  Twisting what I said to mean what you want said is your agenda, not mine.  I meant exactly what I said, SPECIFIC to this subject on this blog, period.  It doesn't extend to other ill conceived policies that Ebay has.

All of those other issues does NOT take away the FACT that this SPECIFIC change is good for MANY sellers.  That is all I said, you have a different way of interpreting things I say.  But my comments were pretty simple, not complex and only regarding to the reversal of the markdown pricing policy.

I don't need your mud, Ebay gives me plenty of it.

by: val2525

The policy itself made sense, IF the purpose was to protect eBay from lawsuits similar to those filed against other websites and retailers.  The problem was that the policy was not applied evenly, and sellers not exempted from the policy were never told what the criteria was to become exempted. That, to me, is interference in trade and beyond the scope of the ebay/seller agreement. I know some sellers filed complaints about this with the CA AG office. I suspect that had some part in eBay changing their stance.