How Did eBay Compare With Amazon On Same-Store-Sales Growth In March?
eBay (NASDAQ:EBAY) reported negative same-store-sales (SSS) growth in March 2016 owing to declining marketplace sales, partially offset by growth in eBay Motors (parts and accessories) sales. In comparison, Amazon (NASDAQ:AMZN) and Google Shopping (NASDAQ:GOOG) reported year-over-year SSS growth of about 15% and 42%, respectively. The average e-commerce growth rate predicted by comScore for March 2016 was 15%. [1]
eBay Motors has consistently reported double-digit growth rates in its same-store-sales in the last six months. This has helped eBay report overall positive SSS growth rates in the same period. Recently, eBay announced that it had acquired Cargigi Inc., a provider of online advertising and marketing services for the auto industry. The company believes that, through Cargigi’s technology, its eBay Motors dealers will be able to grow and manage their businesses, all the while enhancing buyers’ shopping experience. It will be interesting to see the impact of this acquisition on eBay Motors’ sales growth over the next few quarters. Read more here.
Have more questions about Ebay? See the links below:
- What Is Ebay’s Revenue And Earnings Breakdown In Terms Of Different Operating Segments?
- How Much Did Ebay’s Revenue & EBITDA Grow In The Last Five Years?
- How Much Can Ebay’s Revenue & EBITDA Grow In The Next Five Years?
- How Has Ebay’s Revenue Composition Changed In The Last Five Years?
- Is eBay Focusing On Brand Building?
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Notes:- March 2016 ChannelAdvisor Same Store Sales (SSS), Channeladvisor.com, April 6 2016 [↩]