This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

EBay, Amazon Sales Slow in August

NEW YORK ( TheStreet) -- Following a record July, eBay (EBAY - Get Report) and Amazon (AMZN - Get Report) had slower sales growth last month.

ChannelAdvisor, which is partially owned by eBay, showed the San Jose, Calif.-based online auction company had same-store sales growth of 23.9% in August, down from July's 28.2%.

After the auctions business stabilized in July, falling just 1% year-over-year, the segment continued to experience double-digit declines, dropping 12.2%. The report noted some of the reasons could be attributed to "auction supply, search-engine/bestmatch auction mix, consumer's lack of bidding on the format."

The company's fixed-price and Motors segments continued to post strong growth, though down from July. The fixed-price growth was 29.1% year-over-year, down from 33.1% in July. The Motors segment jumped 34.8% in August, slightly under July's 36%.

Amazon's number also declined in August, dropping from 44% growth to 40.7% year-over-year. The report noted that despite the slowdown, Amazon continued to experience "their greater than two times growth rate compared to Comscore's reported e-commerce growth rate (15% in Q2)."

Shares of eBay fell 0.7% to $48.88, while Amazon shares gave up 0.5%, recently trading at $257.85.

Interested in more on Amazon? See TheStreet Ratings' report card for this stock.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AMZN $683.85 0.00%
EBAY $24.26 0.00%
AAPL $93.99 0.37%
FB $118.57 0.00%
GOOG $698.21 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs