Seeking Alpha

Amazon and eBay outperform on Cyber Monday

  • Amazon (AMZN) grew sales by 44.3% Y/Y on Cyber Monday, according to ChannelAdvisor.
  • eBay saw a 32.1% increase on the day which was below the pace of sales growth it saw for Black Friday.
  • Previous: Cyber Monday wrapup
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Comments (4)
  • Gary J
    , contributor
    Comments (6720) | Send Message
     
    Forty Four point three percent? Holy Cow!!!!
    3 Dec 2013, 07:50 AM Reply Like
  • Vick13
    , contributor
    Comments (129) | Send Message
     
    This #'s need to be put into context with regard to overall sales volume & margins. Selling at a loss doesn't mean Holy Cow AMZN is finally going to make a few cents per share?! Overall not so sure the retailers and 3p are benefiting other than inventory turnover if this is their time to make hay.

     

    Guess we'll have to wait for earnings in Jan...
    3 Dec 2013, 10:44 AM Reply Like
  • ReligiousWacko
    , contributor
    Comments (1558) | Send Message
     
    also, shifting sales to one day due to discounts isn't exactly great news either. Anyone that thinks overall revenue is up 44% is also gullible to think drones will deliver packages in 5 years ...
    3 Dec 2013, 12:18 PM Reply Like
  • DanoX
    , contributor
    Comments (2910) | Send Message
     
    Earnings in January will show no profit, the distraction of drones or some other smoke and mirrors between now the then will be it.
    3 Dec 2013, 11:34 AM Reply Like
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