The online auction site QXL have announced that they are to close and withdraw from the UK marketplace. qxl.co.uk will close for business this month, with final date to list an item being Friday this week.
Final bids/buys will take place on the 19th May, and trading will cease on the 30th May at which point all accounts will be closed.
QXL have traded in the UK for as long as eBay have opened in 1997. Their name was changed to Tradus with QLX as an operating brand and were acquired by Naspers in a deal finalised in March this year.
QXL are the dominant auction platform in Poland, Switzerland, Norway and Denmark, but hasn’t been a serious contender to eBay in the UK for the last six years or so.
With the purchasers of QXL deciding to shut the platform down it’s likely to give a boost to the remaining eBay competitors – eBid, Tazbar and Cqout. The question remains how long they too can continue profitable operations in the UK?