Ebay launches a refurbished platform as supply-chain shortfalls make many items scarce for the holidays

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Ebay Inc. announced the launch of eBay Refurbished on Tuesday, a destination selling like-new items from brands like Apple Inc. and Dyson. Items will be deeply discounted and come with a one- or two-year warranty. Ebay first launched the refurbished program in 2020, and says it has expanded the program as supply-chain bottlenecks disrupt the holidays. Adobe data released on Tuesday show that out-of-stock messages soared 250% across e-commerce, compared with January 2020. There were two billion out-of-stock messages in October, Adobe says. Ebay stock has gained 48% for the year to date, while the S&P 500 index has...