eBay's attempts to move beyond auctions falter

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eBay's attempts to move beyond auctions falter

12-21-2006, 09:12 AM,

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mandy Offline

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eBay's attempts to move beyond auctions falter

Quote:Ebay Inc. is trying to woo online shoppers with its new eBay Express Web site. But it's been a tough sell...

...while eBay's main auction site attracted more visits than any other online retailer in November, eBay Express was at No. 87 on the list of top shopping and classified sites, according to research firm Hitwise Pty. Ltd.

This is bad news for eBay, which has made eBay Express a pillar of its holiday-shopping efforts. EBay makes its money by charging sellers commissions on auctions and on goods sold through Web pages on the site. When the San Jose, Calif., e-commerce company was launched 11 years ago, it became a Silicon Valley darling, as early Web users flocked to its quirky online auctions. These days, many new shoppers coming online are less tech-savvy and less comfortable bidding for items in eBay's auction process. That trend has hurt eBay: Its stock has dropped nearly 25 percent in the past year amid slowing revenue growth...

full article: http://www.azcentral.com/business/articl...20-ON.html

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