eBay is now in the fashion business.
The online auction company officially launched its Fashion Vault site on Monday where it's teaming up with fashion retailers to offer designer clothes at healthy discounts for short periods of time.
To attract price-conscious customers who crave designer labels, the site will rely on "flash" sales lasting from 48 to 72 hours. Rather than bid for the clothes in a typical eBay auction, interested shoppers will use the Buy Now option. Shipping is thrown in for free.
eBay said it assures that all the items in the Fashion Vault come … Read more