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Amazon, EBay gain on ecommerce data
Visitors pass the Ebay logo at the CeBIT computer fair in Hanover March 2, 2011.
Credit: Reuters/Tobias Schwarz
SAN FRANCISCO |
SAN FRANCISCO (Reuters) - New data are showing strong growth in eCommerce, with Amazon.com having particularly healthy same-store sales gains.
Ecommerce, excluding travel spending online, grew in May to $12.3 billion, up 13 percent from a year earlier, according to ComScore Inc.
ChannelAdvisor's year-over-year same-store sales rose about 84 percent for Amazon.com and 13 percent for eBay in May, according to a Barclays Capital research note sent to clients on Friday.
Analysts at Barclays Capital said there was a strong correlation between this data from ComScore and ChannelAdvisor and the sales of Amazon.com and EBay, two of the world's largest ecommerce companies.
"The secular trends in eCommerce remain strong," Anthony DiClemente, an Internet analyst at Barclays Capital, wrote in Friday's note.
Amazon.com shares climbed 1.4 percent to $186.32 in late afternoon trading Friday, while EBay gained 1.2 percent to $28.81.
Mark Mahaney, an internet analyst at Citi Investment Research & Analysis, cited ComScore's data in a bullish note on ecommerce Friday.
"We continue to believe the Recession accelerated the Online share shift, and view the possibility of a return to pre-Recession 20%-ish growth rates a distinct possibility," Mahaney wrote.
(Reporting by Alistair Barr)
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eBay’s chief headless turkey likes buying toys, none of which have done anything to improve the eBay Marketplace’s bottom line, not even in this the fourth year of his three-year turnaround.
The fact is the rusting old hulk eBay is presently being kept afloat by the clunky PreyPal so it’s good to see these boys recently squabbling and threats to PreyPal’s online dominance now coming thick and fast. It’s interesting times ahead for all we eBay “haters” (oops, I mean “watchers”). I just hope that someone has remembered to bring the popcorn.
PayPal is mostly registered in various places not as a “bank” or as a provider of credit but only as a “money transmitter” (like Western Union), and PayPal actually claims that they are not a “payment network”, and there is a minute degree of truth in that claim because it could, somewhat nonsensically, be claimed that they do no more than facilitate the transmission of money by riding on the back of the banks’ existing payments processing systems.
In fact, the only thing creative about PayPal has been their use of users’ email addresses as an identifier for online payment transactions. PayPal is otherwise no more than a blood-sucking parasite on, and in the main cannot function except via, the banks’ existing payments processing systems which they access via their banker, GE Money Bank—Ugh!
PayPal, outside of whatever will ultimately be left of the Donahoe-devastated eBay Marketplace, will undoubtedly eventually be consigned to the history books by the retail banks/Visa/Mastercard once those players get their “online” act together.
Some people may not like “the banks” but all those participating retail banks at least supply a professionally run payments processing system—unlike PayPal’s—and even PayPal concurs with that assessment: except for intra PayPal “account” transactions, they use the banks’ payments processing systems all the time and simply could not exist without them.
Regardless, all the above comments apply equally to all of the other third-party online “payments processors” that are emerging out of the woodwork and wanting to have access to your banking account. Unless they have formal and direct arrangements with all the participating retail banks, as do the likes of Visa/MasterCard, then the result is invariably going to be as potentially problematic as is PayPal’s clunky operation for its merchants—many of whom can tell you a sorry tale or two.
What you should know about the clunky PayPal, at:
http://forums.auctionbytes.com/vbulletin/showthread.php?p=165263
What you should know about the criminal activities of eBay, at:
http://forums.auctionbytes.com/vbulletin/showthread.php?t=23540
Is that PayPal’s blood in the water, and are those “sharks”—oops, “banks”—I can see circling?
Enron / eBay / PayPal / Donahoe: Dead Men Walking.
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