eCommerce Sales Fall 5% In July - Piper Jaffray (AMZN, EBAY)
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Piper Jaffray's Gene Munster issued some cautious comments on select Internet stocks following comScore data which showed a 5% year-over-year decline in July eCommerce sales.
Munster notes that comScore reported today that non-travel eCommerce sales were down 5%, versus the 1% decline he was expecting. Munster commented, " While only the first month of Q3, this is a slight negative to top-line growth for the eCommerce group."
July web traffic showed Amazon.com (Nasdaq: AMZN) continued to gain share, with unique users increasing 18% at Amazon's U.S. site year-over-year, versus a 3% decline at eBay (Nasdaq: EBAY).
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Ebay, Amazon, Etsy
Patricia013 on Aug 18, 2009 04:37 PMEven tiny little Etsy showed an almost double gain in sales year over year for July. Its not necessarily the economy as much as it is the site and what they are selling ;-)