eBay boss declares era of e-commerce is over
Last Updated on Monday, 7 November 2011 02:45 Written by a2e Monday, 7 November 2011 02:45
Open Mobile Summit John Donahoe, CEO of eBay, has said that the concept of e-commerce is dead and buried, since consumers really don’t care about where they buy, so long as they get the cheapest price.
Speaking at the Open Mobile Summit in San Francisco, Donahoe said that the increasing use of mobile technology had blurred the barrier between e-commerce and regular retail to such an extent that the former term was essentially meaningless. Now consumers are walking into retail stores, and using their phones to identify better prices for goods they like, and will use either online or offline purchasing to get the price they want.
“Over the last 12-18 months we at eBay have changed our view on e-commerce,” he explained. “We’re now seeing a profound change in how consumers are behaving, and we’re going to see more changes in the next three years than we’re seen in the previous 20 in terms of shopping and payments. Mobile devices are blurring the lines between online and offline at a rate no one would have predicted.”
http://www.theregister.co.uk/2011/11/03/ebay_declares_ecommerce_over/
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EBay Declines as Turnaround Effort Falls Short
Last Updated on Thursday, 22 April 2010 02:00 Written by a2e Thursday, 22 April 2010 02:00
EBay Declines as Turnaround Effort Falls Short of Expectations
April 22 (Bloomberg) — EBay Inc. fell as much as 8.8 percent in late trading after its profit forecast missed estimates, a sign Chief Executive Officer John Donahoe is struggling to stem the loss of customers to Amazon.com Inc.
Second-quarter profit will be 37 cents to 39 cents a share, excluding one-time items, the San Jose, California-based company said yesterday in a statement. Analysts in a Bloomberg survey had estimated 40 cents on average.
Donahoe is trying to revive growth at EBay’s main e- commerce site after the recession and a drop in demand for online auctions crimped revenue. He has expanded inventory, beefed up fraud protection for buyers and steered the company away from auction sales. Investors expected a bigger payoff last quarter, especially after upbeat signals from retailers such as Best Buy Co., said Colin Gillis, an analyst at BGC Financial LP.
“We saw the strongest numbers from retailers we’ve seen in many months,” Gillis said. The New York-based analyst has a hold rating on EBay shares, which he doesn’t own. “Everyone thought we would have blowout numbers.”
EBay fell as much as $2.32 to $23.97 yesterday in extended trading. The shares, which had gained 12 percent this year, closed at $26.29 in regular Nasdaq Stock Market trading.
Revenue in the second quarter will be $2.15 billion to $2.2 billion, EBay said. Analysts had anticipated $2.21 bil …
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eBay Traffic at 6-Year Low for March Data
Last Updated on Thursday, 15 April 2010 03:20 Written by a2e Thursday, 15 April 2010 03:20
eBay’s traffic for the month of March was at a 6-year low compared to previous March numbers. Data provided by Nielsen show that eBay received 49.6 million unique visitors in March 2010, down over 18% from 61 million in March 2007, the peak year for March data.
eBay CEO John Donahoe initiated a 3-year plan to turnaround the marketplaces business after taking the helm in 2008. But unless sales defy traffic trends, he may have a tough time convincing shareholders that the plan is working when he faces them at the company’s annual meeting at the end of the month.
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John Donahoe, chief executive of eBay
Last Updated on Tuesday, 16 February 2010 06:12 Written by a2e Tuesday, 16 February 2010 06:12
John Donahoe, chief executive of eBay
John Donahoe, chief executive of eBay
The 49-year-old has given eBay a new lease of life by putting the buyer first – but he has upset a lot of small sellers in the process ?
Read The Rest Of This...eBay Sellers to Cope with More Changes: Stores Fees
Last Updated on Tuesday, 26 January 2010 02:30 Written by a2e Tuesday, 26 January 2010 02:30
eBay sellers will have to get used to a new way of selling on the U.S. site in March when eBay eliminates Store inventory format and institutes new fees. The changes to eBay Stores don’t come as a surprise to most sellers, especially after eBay’s fourth-quarter earnings call with Wall Street analysts last week where CEO John Donahoe gave broad hints about what was to come.
With the new eBay Stores pricing, it’s much more expensive to list in Stores format for low-volume sellers – sellers pay the same $15.95/month subscription fee, but rather than paying as low as 3 cents to list, they must pay a 20-cent insertion fee.
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