eBay appoints Scott Cutler, Jay Lee and Jooman Park to new regional leadership roles

eBay appoints Scott Cutler, Jay Lee and Jooman Park to new regional leadership roles

 

San Jose, CA, 2017-Aug-22 — /EPR Retail News/ — eBay Inc. (NASDAQ: EBAY), a global commerce leader, has appointed Scott Cutler, Jay Lee and Jooman Park to new regional leadership roles. Mr. Cutler has been promoted to Senior Vice President, Americas, for eBay’s Marketplace business and will continue to serve as head of StubHub while the company searches for a new leader. Mr. Lee has been appointed Senior Vice President, EMEA, and Mr. Park has been promoted to Senior Vice President, APAC, for eBay’s Marketplace business. These executives have over 30 years of combined experience at eBay.

Hal Lawton, who has been with eBay since 2015, is leaving the company to take on a senior leadership role at another company.

“Scott, Jay and Jooman are seasoned leaders with great track records. They will continue to focus on accelerating our core business and driving eBay’s competitive advantages as a global commerce leader,” said Devin Wenig, President and CEO of eBay Inc.  “We thank Hal for his contributions and wish him success going forward.”

About Scott Cutler

Mr. Cutler is a seasoned executive with extensive global business experience and a belief in the transformative power of technology. His extensive leadership experience combined with the strong management team that he will lead positions us well to execute our strategic plans.

Mr. Cutler joined eBay in 2015 after nine years as an Executive Vice President at the New York Stock Exchange, one of the world’s largest financial marketplaces. He brought with him tremendous experience operating a technology-enabled marketplace at scale and managing a complex network of customers, partners and influencers. Prior to his career at the NYSE, Mr. Cutler spent several years in investment banking focused on the software and Internet industries. He started his career as a corporate securities lawyer. Mr. Cutler has a BS degree from Brigham Young University and a JD degree from the University of California, Hastings College of Law.

About Jay Lee

Mr. Lee joined eBay in 2002 and has been guiding the growth of eBay’s portfolio of assets in Asia Pacific. He built market leading positions in Korea, via our Gmarket and Auction marketplaces, and in Australia via eBay.com.au. He pioneered online cross border exports from China-based sellers to eBay’s global consumer base, which has evolved into a significant channel for entrepreneurs and businesses across Asia. Previously, Mr. Lee was CEO of Korea Thrunet Co. Ltd, a NASDAQ-listed broadband Internet service company. He has a BA degree from Brown University and an MBA from Harvard University Graduate School of Business Administration.

About Jooman Park

Mr. Park joined eBay in 2002, rising to become General Manager of eBay Korea. After guiding eBay’s business in Korea for eight years, Mr. Park transitioned to lead eBay Australia in 2013, bringing to the market a focus on collaboration and partnership to enable growth in the local retail industry. He graduated with a BS from Korea University and obtained his MBA from University of Pennsylvania’s Wharton School of Business.

About eBay Inc.

eBay Inc. (NASDAQ: EBAY) is a global commerce leader including the Marketplace, StubHub and Classifieds platforms. Collectively, we connect millions of buyers and sellers around the world, empowering people and creating opportunity through Connected Commerce. Founded in 1995 in San Jose, Calif., eBay is one of the world’s largest and most vibrant marketplaces for discovering great value and unique selection. In 2016, eBay enabled $84 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

Media Contact:
Abby Smith
abismith@ebay.com

Investor Relations Contact:
Selim Freiha
ir@ebay.com

Source: eBay

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Macy’s appoints Hal Lawton as president

Company also announces actions to balance the ‘art and science’ of retail through changes to merchandising structure and strengthened consumer insights and data analytics

CINCINNATI, 2017-Aug-22 — /EPR Retail News/ — Macy’s, Inc. (NYSE:M) today (Aug. 21, 2017) announced several changes intended to improve the company’s performance, including the hiring of Hal Lawton as president, the creation of a single simplified merchandising organization and an enhanced focus on the company’s data analytics capabilities.

Hal Lawton Named President of Macy’s

Hal Lawton has been named president of Macy’s, effective Sept. 8, 2017. As president, Mr. Lawton will be responsible for all aspects of the Macy’s brand, including merchandising, marketing, stores, operations, technology, and consumer insights and analytics. He will report to Jeff Gennette, Macy’s, Inc. chief executive officer. Mr. Lawton has strong technology and digital expertise and was most recently senior vice president, eBay North America. He spent his earlier career at Home Depot and McKinsey & Company.

“Hal Lawton has deep expertise at the intersection of retail and technology, a diverse set of business experiences that give him a unique perspective, and a track record of successfully driving a change agenda at scale. I’m thrilled that he has chosen to join Macy’s,” said Mr. Gennette. “This is a key step as we look to further transform the business and work through the volatility of today’s retail landscape. Macy’s already has one of the strongest omnichannel businesses in the industry, and with Hal on the team, we will accelerate the integration of digital both online and in our stores to deliver the world-class experience our customers demand.”

“At a time when there is both dramatic change and great potential in retail, I’m excited to be part of the team that will shape the future of the Macy’s brand and, along with it, consumer expectations of what a great omnichannel experience can be,” said Lawton. “I look forward to working with Jeff, the management team and Macy’s associates across the country. It’s great to play a part in the transformation of this iconic company.”

As SVP of eBay North America, Mr. Lawton was responsible for all aspects of eBay’s Americas business unit and oversaw a period of sustained, sequential performance improvement. Prior to joining eBay, Mr. Lawton spent 10 years in various leadership roles at Home Depot, where he was most recently SVP for merchandising. While at Home Depot, Mr. Lawton was responsible for jump-starting homedepot.com and building it into a nearly $2 billion business.

Improvements to Merchandising, Strengthened Consumer Insights and Data Analytics Capabilities

The company also announced the restructuring of its merchandising operations and the strengthening of its consumer insights and data analytics capabilities.

The restructuring includes the consolidation of three functions – merchandising, planning and private brands – into a single Merchandising function to be led by Jeff Kantor and organized around five ‘families-of-business’ (Ready-to-Wear, Center Core, Beauty, Men’s and Kid’s, and Home). Feeding into this new merchandising structure are strengthened customer insights and data analytics, which the company is expanding to include inventory replenishment and pricing capabilities.

“Macy’s best merchants will be in the right structure to operate at the speed of our customer and will be fueled by the power of data,” said Gennette. “Macy’s has long been known for innovation and excellence in merchandising. The changes we are making today maintain our core merchandising skills while massively simplifying our structure and processes for greater speed and flexibility. We are also further strengthening our consumer insights and data analytics capabilities so we can make better decisions faster, balancing the art and science of retail.”

“Exclusivity is a great customer loyalty tool, and we plan to grow that offering to 40 percent of our business. Having a single lens for each family-of-business will allow us to expedite our strategy of delivering this edited, elevated and exclusive assortment to our best customers. To achieve this, we will aggressively grow our private brands while also offering the best national brands,” continued Gennette. “I’ve asked Jeff Kantor to lead Merchandising because of his deep knowledge of our business, strong relationships with our brand partners and outstanding leaderships skills.”

Mr. Kantor is a 35-year Macy’s veteran, with extensive experience in merchandising and stores. He also successfully oversaw macys.com. Currently, Mr. Kantor serves as chief stores and human resources officer. Mr. Kantor will report to Mr. Lawton.

Financial Impact

While the primary objective of this restructuring is growth, the company anticipates it will save approximately $30 million on an annual basis, some of which may be used for reinvestment in the business. The company anticipates savings of approximately $5 million or approximately 1 cent per share in the fourth quarter of 2017, which is additive to previously provided earnings guidance.

The company anticipates one-time costs of approximately $20 – $25 million associated with this restructuring, to be booked primarily in the third quarter of 2017.

The company expects that these actions will result in a headcount reduction of approximately 100.

About Hal Lawton

Hal Lawton was named SVP, eBay North America, in April 2015. In that role, Lawton oversaw all aspects of eBay’s Americas business unit, including marketing, merchandising, operations, business selling, consumer selling, and advertising, as well as global responsibility for shipping, payments, risk, and trust. Prior to joining eBay, Lawton spent 10 years in various leadership roles at Home Depot, where he most recently was SVP for merchandising. Lawton was responsible for starting Home Depot’s Internet business and building it to nearly $2 billion. Prior to that Lawton was an associate principal at McKinsey & Co., providing strategic advice to executive teams in consumer packaged goods and manufacturing industries.

Lawton serves on the board of Buffalo Wild Wings Inc. He also serves on the corporate advisory board for The University of Virginia’s Darden School of Business and is a member of the Board of the San Jose Children’s Discovery Museum. He holds an MBA from the University of Virginia and a Bachelor’s degree in Chemical Engineering from North Carolina State University.

About Jeff Kantor

Jeff Kantor has nearly four decades of experience with Macy’s, Inc. and its predecessor companies. He was named chief stores officer of Macy’s, Inc. in February 2015, responsible for overseeing all aspects of store strategy, management and operations. He assumed additional responsibility for Human Resources in February 2017. Previously, Kantor was named chairman of macys.com and served as macys.com’s president for merchandising. Prior to that, Kantor had been Macy’s president, merchandising for home. Kantor was previously president and chief executive officer of the Hecht’s/Strawbridge’s division of the May Department Stores Company, which was acquired by Macy’s, Inc. in 2005. Kantor started his career as an assistant buyer at the Boston-based Filene’s/Kaufmann’s division of May Company in 1981.

About Macy’s, Inc.

Macy’s, Inc. is one of the nation’s premier retailers. With fiscal 2016 sales of $25.778 billion and approximately 140,000 employees, the company operates more than 700 department stores under the nameplates Macy’s and Bloomingdale’s, and approximately 150 specialty stores that include Bloomingdale’s The Outlet, Bluemercury and Macy’s Backstage. Macy’s, Inc. operates stores in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com, bloomingdales.com and bluemercury.com. Bloomingdale’s stores in Dubai and Kuwait are operated by Al Tayer Group LLC under license agreements. Macy’s, Inc. has corporate offices in Cincinnati, Ohio, and New York, New York.

All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy’s management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed real estate and other transactions, prevailing interest rates and non-recurring charges, store closings, competitive pressures from specialty stores, general merchandise stores, off-price and discount stores, manufacturers’ outlets, the Internet, mail-order catalogs and television shopping and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission. Macy’s disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Media:
Blair Fasbender Rosenberg
646-429-6032

Investors:
Monica Koehler
513-579-7780

Source: Macy’s, Inc.

eBay launches new holiday campaign to inspire shoppers looking for unique gift ideas this season

eBay launches new holiday campaign to inspire shoppers looking for unique gift ideas this season
eBay launches new holiday campaign to inspire shoppers looking for unique gift ideas this season

 

National television ads feature the incredible gifts that can only be found on eBay, and inspire shoppers to give thoughtfully this holiday season.

San Jose, California, 2016-Nov-08 — /EPR Retail News/ — eBay today (Nov 7, 2016) unveils a new holiday campaign, “The Gift They’re Waiting For Is Waiting on eBay,” and debuts television spots on November 9 – marking the brand’s first holiday national television ads in nearly two years. The efforts are part of eBay’s broader holiday mission to help shoppers find perfect gifts for everyone on their list, by offering the best choice and amazing deals all season long.

“Our new campaign illustrates why eBay is a top destination for holiday shopping – delivering incredible inventory and inspiration, along with a seamless shopping experience,” said Suzy Deering, Chief Marketing Officer for eBay North America. “As a global marketplace, eBay is the only place to find this year’s most in-demand items, from small and mid-size sellers to top brands like Mattel, to one-of-a-kind personal or bespoke items. We empower shoppers to be the ultimate gift-givers with our unparalleled selection.”

eBay collaborated with the San Francisco-based advertising agency Pereira & O’Dell to develop the new television creative. The marquee spot, titled “The Giver,” takes viewers on the emotional and gratifying journey of finding and giving perfect holiday presents. The marketing campaign also uses digital video, display ads and social media to inspire shoppers looking for unique gift ideas this season.

“While the convenience of holiday shopping has increased, the thoughtfulness of gifting has simultaneously decreased,” said PJ Pereira, Chief Creative Officer and Co-founder of Pereira & O’Dell. “The holidays are about spending quality time with family and friends, and the gifts we exchange should reflect these special relationships. eBay is uniquely positioned to help people find perfect gifts for the ones they love, and the new campaign brings this idea to life.”

The Gift They’re Waiting For

Each year, it becomes increasingly difficult for shoppers to find gifts they truly can’t wait to give. Last year, two-thirds of Americans gave up on their holiday shopping due to a lack of time or inspiration. Even more challenging is that consumers are failing to find great gifts at great prices; 74 percent of Americans surveyed struggled to find deals for the gifts on their shopping lists.1

“In the lead up to this holiday, no single standout gift has emerged, which represents a significant departure from past seasons,” said Hal Lawton, Senior Vice President of eBay North America. “Since shoppers aren’t clamoring for a specific must have item there’s actually more pressure to find perfect gifts. With more than 1 billion listings, only eBay promises unique items and exclusive deals, combined with a cutting edge shopping experience, fast and free delivery, and great service.”

Throughout the holidays, eBay will feature some of the most competitive deals on must haves from top brands across electronics, fashion, home and toys:

  • eBay’s Holiday Hub combines gift inspiration with amazing deals and inventory from brands like Mattel® and Sony PlayStation®. Browse and buy the season’s most coveted items – pieces from KENZO x H&M and FENTY x Puma, along with Adidas YEEZY Boosts, an iRobot Roomba, and the Nutri Ninja® – and visit eBay’s Daily Deals page (deals.ebay.com), where 100% of items ship for free.
  • On the Wednesday before Thanksgiving, eBay will host a collection of deals exclusively created for mobile shoppers using the eBay app, making it even easier to shop on-the-go. eBay will also introduce a new feature on the Holiday homepage – a countdown clock – to enable shoppers to track when new deals will be released.

All season long, eBay will reveal new gift inspiration and innovative ways to shop, as well as one-of-a-kind experiences through eBay for Charity benefitting a variety of causes. Visit ebay.com/holiday for more information.

eBay By the Numbers

  • eBay, Inc. has 165 million active buyers worldwide
  • 81% of all merchandise sold on eBay is new, and our wide selection keeps growing
  • ~87% of items sold on eBay are Buy It Now – no bidding necessary
  • Approximately 1 billion listings at any given time
  • 100% free shipping on all items in Daily Deals

Methodological Notes1:

The eBay Survey was conducted by Wakefield Research (www.wakefieldresearch.com) among 1,000 nationally representative U.S. adults ages 18+, between October 7th and October 13th, 2016, using an email invitation and an online survey. Quotas have been set to ensure reliable and accurate representation of the U.S. adult population ages 18+. Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. For the interviews conducted in this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 3.1 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.

Contact:

United States: press@ebay.com
Canada: canada.press@ebay.com

Source: eBay

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eBay’s “Wish Bigger” campaign offers bigger deals on bigger brands and bigger selection

New campaign delivers engaging experiences and unique promotions to fund holiday shopping; crowdsource the most in-demand deals and access exclusive inventory

San Jose, California, 2015-11-04 — /EPR Retail News/ — From now until Jan. 1, 2016, eBay’s “Wish Bigger” campaign offers new opportunities for buyers to find the perfect gift from eBay’s wide selection of items, all at great prices. Whether voting online for their preferred deal on Thanksgiving Day, shopping the eBay Airstream in local markets or taking advantage of the exclusive jewelry collection from Pamela Love for eBay, shoppers can be confident that eBay will have the best selection this season. eBay is also inviting shoppers to become sellers this holiday with both a promotional coupon available online and in-person selling stations at Westfield malls.

The “Wish Bigger” campaign is about exceeding expectations for the season by offering bigger deals on bigger brands and bigger selection. “We are using the power of eBay’s global marketplace to enable people to shop, sell and give in new ways this holiday,” says Hal Lawton, senior vice president of eBay North America. “We have a unique opportunity to celebrate the traditional retail milestones, but to also create a new calendar based on what we know eBay shoppers and sellers need.”

According to a new survey from TNS and eBay, even fewer people are waiting until December to begin their holiday shopping (down 7 percent from 2014). And while more Americans are shopping early, they are increasingly saving throughout the entire year to finance their holiday shopping1. With its “Wish Bigger” campaign, eBay is offering a solution every step of the way – whether people are exploring at the start of the season, focused on getting the perfect gift at an incredible price (often after in-demand items are no longer on store shelves), or ready to get the goods they really wanted by selling something that wasn’t quite right for them.

Wish Bigger hub

eBay’s “Wish Bigger” campaign is housed on the marketplace’s new holiday hub, eBay.com/holidays, launching today. A resource for both shoppers and sellers, customers can visit the site to earn a $50 eBay coupon for new sellers selling items any time from now until Dec. 31. Armed with extra money, shoppers can get a head start on shopping, and find inspiration from eBay’s holiday heat map (launching later this month) that will track what eBay customers are wishing and shopping for coast-to-coast on a weekly basis. Sellers will also be able to take advantage of the heat map to track item popularity across the country on hard to find gifts such as the Rose Gold iPhone 6S, Star Wars The Black Series Kylo Ren Force FX Deluxe Lightsaber, Barbie Dreamhouse Grocery Store & Playset and LEGO Lord of the Rings: The Tower of Orthanc, and make the most out of the critical retail season.

Thanksgiving Day Deals: “Wish Bigger Wishbone”

This year, eBay is kicking off its must-have Deals that will last throughout the holiday season by putting a modern twist on the classic tradition of breaking the turkey wishbone and letting shoppers crowd source the deals they want most, while skipping the chaos – but not the savings – of Black Friday. On Thursday, Nov. 26 – Thanksgiving Day, shoppers will head to ebay-wish-bigger.com (coming soon) to vote to break open and unlock a series of incredible deals on the season’s most coveted gifts across tech, toys, fashion and home. Beginning at 4 p.m. EST until 10 p.m. EST, competing deals will be featured on each side of the wishbone, and the item that receives the most votes over the course of an hour will be released to shoppers in a limited quantity. In 2014, 52.1% of all online traffic on Thanksgiving came from smartphones and tablets1, and as a leader in mobile shopping, eBay’s “Wish Bigger Wishbone” lets shoppers access hot holiday items at incredible value without sacrificing time with their families on Thanksgiving Day or having to endure the crowds on Black Friday.

eBay will continue to offer deep discounts on hot items every day at eBay.com/deals. New deals will be launching every hour around the clock on Thanksgiving through Cyber Monday including:

  • Up to 30% off on top name-brand electronics such as Apple, Samsung and GoPro
  • Up to 65% off on premium Fashion brands such as Tumi, Hunter Boots, Uggs, Vera Bradley and Ray Bans
  • Up to 50% off name-brand items for the home such as Keurig and KitchenAid
  • Up 50% off on Samsonite luggage

Timed with #GivingTuesday on Dec. 1, eBay for Charity has unveiled Charity Shop (http://www.ebay.com/rpp/charityshop), which provides consumers with an easy way to connect directly with the charities they support. Throughout this holiday season, eBay will have its Celebrity Charity Fundraisers in collaboration with Taste of the NFL, Billy Crystal and Michael Strahan, among others, to offer experiences and unique items with proceeds benefiting charity. Additionally, to celebrate #GivingTuesday, eBay shoppers who favorite a charity (www.ebay.com/mfc) will be eligible for a weekly giveaway of eBay gift cards.

Exclusive Collection: Pamela Love for eBay

In collaboration with esteemed designer Pamela Love, eBay is debuting an exclusive jewelry collection for the holidays, offering a capsule of affordable designs under $75. The collection will go on sale at 8 a.m. PST on Dec. 1 (Giving Tuesday) with all proceeds benefiting Fashion Targets Breast Cancer, a charitable initiative of the Council of Fashion Designers of America/CFDA Foundation. Gift giving with purpose is a priority for shoppers – one-quarter of Americans have a preference for gifts that “do good.”2 This limited edition collection will include rose gold plated rings, bracelets, earrings and a necklace. Browse and buy at eBay.com/pamelalove (coming soon).

Hot Gifts: Holiday Airstream Hits the Road

Following two successful tours in 2015, the eBay Airstream will be decked out for the holidays and hitting the road to invite shoppers to “Wish Bigger” in five cities. Beginning the week of Nov. 30, the eBay “Wish Bigger” Airstream will spread holiday cheer by bringing locals across the country their most coveted gifts this season. With brand-new inventory sourced according to local survey results showing what people wish for the most in each city, shoppers will have access to new, in-demand items at prices that make big wishes come true. Meanwhile, shoppers everywhere will be able to access even more amazing gifts at eBay.com/holidays.

The Season for Selling: eBay offers New Options for Boxing Day and Beyond

Over half of all Americans received an unwanted gift last year.2 This year, for the first time, eBay introduces Boxing Weekend by inviting people to local malls to do something entirely new: sell. Instead of letting unwanted gifts linger at home – which more than a third of Americans have been doing to-date2 – people can return them to the North Pole by visiting pop-up selling stations in select Westfield shopping centers on Dec. 26 (Boxing Day) and Dec. 27. Equipped with everything you need, people can list items themselves or enlist professional sellers from the eBay Valet service, without paying Valet fees through Jan. 3. Whether it wasn’t what you asked for, didn’t quite fit or whether you got new gadgets and are no longer using your previous generation devices, earn money to keep wishing bigger and better in the New Year.

For more information throughout the holidays, visit: eBay.com/holidays.

eBay by the numbers:

  • eBay has 159 million active buyers and 800 million listings at any given time
  • 79% of merchandise sold on eBay is new
  • ~84% of GMV on eBay is fixed price
  • The majority (63%) of items on eBay ship for free
  • Virtually all of the items on eBay are backed by a Money Back Guarantee
  • There are 250+ million searches each day on eBay
  • eBay apps have been downloaded 291 million times across the globe
  • 85 million items with free shipping
  • 29 million gifts arrive in three days or less

1 IBM 8th Annual Infographic
2 TNS and eBay Holiday USA Report 2015

SOURCE: eBay Inc.