3 Things eBay Management Wants You to Know
EBay (NASDAQ: EBAY) is facing an avalanche of competition from larger retailers who are building up dominant e-commerce sales channels. Wal-Mart Stores has built a $15 billion e-commerce business which posted 69% growth in gross merchandise volume (GMV) in its most recent quarter. Amazon.com has already well exceeded $100 billion in annual sales and is still growing like a start-up. Meanwhile, eBay's $85 billion in trailing 12 month GMV has only barely nudged from $83 billion in 2013.
As these large retailers continue to invest heavily in their online business, eBay has been attempting to redefine itself as another mainstream retailer, as opposed to its traditional image as an auction site. For the second quarter, eBay didn't post any meaningful improvement over its typical mid-single digit growth trend (excluding the negative impact of currency headwinds). Nonetheless, results were at least consistent, which shows eBay is holding its ground for the time being.
Here's what management had to say around three key areas where eBay is trying to improve its competitive position.
Source: Fool.com
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