February sales growth dips- EBay trips

Northern, WI 03/13/2013 (usmarketsdaily) - American consumers are making fewer online sales and eBay Inc (NASDAQ:EBAY) is reeling. The company operates the world’s largest online marketplace and its shares have fallen the most in five months. Car parts sales have fallen and the company has seen its lowest sales since April 2011. At EBay, same store sales saw a rise of 8.2 percent in February from a year earlier. Taking the 2012 leap-year extra sales day into account, the company’s revenue growth touched 12 percent. Auto accessories and parts sales increased by 6.8 percent. This has been the slowest measurement since the time the company revealed EBay details. The spate of winter storms has resulted in consumers postponing work on their cars.

The strong competitor

Taking leap year accounts into consideration, Amazon.com, Inc (NASDAQ:AMZN) has posted a same store sales increase of 35 percent. This was around 1 point above what eBay Inc (NASDAQ:EBAY) had posted in January. Ecommerce has been navigating a few hurdles like the winter storms and there has been a general downtrend in macro consumer confidence. Taking all this into account, by the looks of it, Amazon.com, Inc (NASDAQ:AMZN) has had a strong presence in the market.

This San Jose, California-based consumer-to Consumer Company was founded in 1995. Today, it is a multi-billion dollar business and has localized businesses in over 30 countries. The online portal lists close to 4 billion products. Overall, online sales are gaining popularity but the general bleak economic scenario has led to a sales decline.

Shares of eBay Inc (NASDAQ:EBAY) were down by 2.18% and currently trading at $51.49

Shares of Amazon.com Inc (NASDAQ:AMZN) were up by 0.01% and currently trading at $274.16

About the Author

James Tucker joined US Markets Daily in 2009 and is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods. James Tucker's work as a reporter has been recognized by peers across the region. He received an Edward R. Murrow Award from the Radio Television News Directors Association for her coverage.

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