How Did eBay Compare With Amazon On Same Store Sales Growth In May?
eBay (NASDAQ:EBAY) reported positive same-store-sales (SSS) growth in May 2016 after two consecutive months of negative growth, owing to growth in eBay Motors (parts and accessories) sales which was partially offset by declining marketplace sales. In comparison, Amazon (NASDAQ:AMZN) and Google Shopping (NASDAQ:GOOG) reported year-over-year SSS growth of around 12% and 42%, respectively. The average e-commerce growth rate predicted by comScore for May 2016 was 15%. [1]
eBay Motors has consistently reported double-digit growth rates in its same-store-sales in the last nine months. This has helped eBay report overall positive SSS growth rates in the same period. In the previous quarter, 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.
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Notes:- May 2016 ChannelAdvisor Same Store Sales (SSS), Channeladvisor.com, June 6 2016 [↩]