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eBay 4Q Profit Falls

BY CSA STAFF

San Jose, Calif. eBay’s fourth-quarter earnings fell 31%, indicating that its Internet auctions and “Buy It Now” offerings are, like its traditional retail counterparts, being hurt by the recession.

eBay said it earned $367 million in the quarter, down from $531 million for the same time frame a year ago. Revenue fell 6% to $2.04 billion.

Sales from eBay’s marketplace segment — which includes eBay, Shopping.com, StubHub and other e-commerce sites — fell 15% to $1.27 billion.

Sales from eBay’s marketplace segment — which includes eBay, Shopping.com, StubHub and other e-commerce sites — fell 15% to $1.27 billion.

In the company’s PayPal unit, which handles online payments for eBay and other sites, revenue climbed almost 11% to $623 million.

The company’s number of active users — an important measure of how well eBay is attracting new buyers and sellers — rose almost 4% to 86.3 million.

However, eBay’s gross merchandise volume — the total amount of money that flows from transactions on the site, excluding those involving vehicles — sank 12% to $11.5 billion. This marked the second quarter in a row in which this metric has dropped. Until last year, eBay never experienced declines in this category.

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JEWEL-OSCO, Coca-Cola partner for Black History Month

BY CSA STAFF

ITASCA, Ill. JEWEL-OSCO is partnering with Coca-Cola to honor Black History Month with special in-store promotions, beginning Thursday, February 5, through Sunday, March 1. The offers at select JEWEL-OSCO stores in the Chicagoland area are part of “A Taste of Black History.”

During the month-long celebration, consumers will be able to enjoy and familiarize themselves with more than 25 JEWEL-OSCO African-American vendors, by sampling dishes prepared with their products. Consumers will also have an opportunity to enter the “Cookin’ Combos” Sweepstakes, at participating JEWEL-OSCO stores, and win a year of free groceries worth a total of $5,000.

“We are proud of our African-American vendors,” said JEWEL-OSCO community relations manager La Toya Dixon. “They work tirelessly to provide great products for our customers and this program highlights their achievements. We are glad they are part of the JEWEL-OSCO family and wish them continued success.”

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CE sales see slight boost after tough holiday

BY CSA STAFF

SAN JOSE, Calif. According to Tech Channel Index, U.S. electronics retailers had their first week of marked improvement finishing week of Jan. 3 just 2% below last year’s sales of consumer IT and entertainment electronics products. This is a large jump after finishing the holiday shopping season 28% below last year.

Tech Channel reported that broadline and office supply channel sales of consumer IT and entertainment electronics have improved 28% and 4% respectively over the last year. During the same time period, online retail sales channel stayed flat through the holiday shopping season and finished down 4% over last year.

 

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