Issuu on Google+

Ebay shares close high on strong sales EBay Inc shares rose 3 percent on Monday, closing in on a multi-year high after data showed the world’s largest online marketplace had a strong sales month in July. ChannelAdvisor, which helps merchants sell via eBay, Amazon.com and other websites, reported that client same-store sales on eBay jumped 28.2 percent in July from 12 months ago. That was the fastest year-over-year growth since September 2009, when ChannelAdvisor began tracking client sales on eBay. Fixed-price sales on eBay surged a record 33.1 percent in July, compared with a year earlier, while auction-based sales dipped 1.1 percent, ChannelAdvisor added. “We’re seeing name-brand, larger retailers do very well on eBay and eBay’s daily deal program continues to drive significant revenue for top-tier sellers,” ChannelAdvisor Chief Executive Scot Wingo wrote in a blog on the firm’s website. Find Things To Sell On Ebay By Doing The Most Comprehensive System On How To Search, Find, Buy, And Re-sell On Ebay... EBay, once a scrappy auction site for mom and pop sellers, is enticing some of the world’s largest retailers by arguing it can help them improve competition against e-commerce leader Amazon.com Inc. EBay shares rose as high as $45.54, before closing up 3 percent at $45.32 on Nasdaq. In late July, eBay shares hit a multi-year high of $46.15. Related articles EBay brands Amazon as the retailer enemy Social gifting: e-commerce’s latest buzzword Groupon grabs another eBay exec Google, Amazon, eBay, Facebook start trade association

1/1 Powered by TCPDF (www.tcpdf.org)


Ebay shares close high on strong sales