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eBay delivers strong revenues in Q3

BY CSA STAFF

SAN JOSE, Calif. — Revenue at eBay rose 15% to $3.4 billion for the third quarter ended Sept. 20 from the the same period last year. The company reported third quarter net income on a GAAP basis of $597 million, or 45 cents per diluted share, and non-GAAP net income of $718 million, or 55 cents per diluted share. GAAP and non-GAAP net income were up 22% and 14%, respectively, year over year due primarily to strong top-line growth.

"We had a great third quarter across our company, with Marketplaces and PayPal accelerating customer growth," said John Donahoe, eBay Inc. President and CEO. "Mobile continues to be a game changer for us, and we continue to be a clear leader in mobile commerce and payments. With our strong portfolio and global reach, we are consistently demonstrating our capabilities to help consumers shop anytime, anywhere. And we are enabling retailers of all sizes to compete in a rapidly evolving, multichannel commerce environment."

eBay’s PayPal segment continues to be a key revenue driver for the company. The division ended the quarter with 117.4 million active registered accounts, a 14% increase over the third quarter of 2011. Revenue increased 23% year over year and net total payment volume grew 20% year over year to $35.2 billion.

Marketplaces delivered another strong quarter with accelerating user growth. Gross merchandise volume, excluding vehicles, increased 11% year over year to $16 billion in the third quarter of 2012. Marketplaces revenue increased 9% year over year, driven by strong growth in the United States and Asia Pacific. Active user growth continued to accelerate during the quarter, reaching 10% year over year, the fastest growth since 2007, with 800,000 new users coming from mobile. This helped boost sold items growth, which was up 19% year over year in the third quarter of 2012. U.S. GMV, excluding vehicles, increased 16% year over year, while international GMV, excluding vehicles, increased 8% year over year, in both cases driven by investment in the customer experience, growth of mobile as a channel and continued strong performance in key verticals.

For the fourth quarter 2012, eBay expects net revenues in the range of $3.85 billion to $4 billion with GAAP earnings per diluted share in the range of 55 cents to 58 cents and non-GAAP earnings per diluted share in the range of 66 cents to 69 cents .

For the full year 2012, eBay now expects net revenues in the range of $13.9 billion to $14.1 billion with GAAP earnings per diluted share in the range of $1.95 to $1.99 and non-GAAP earnings per diluted share in the range of $2.32 to $2.35.

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Report: Alsea to invest $110 million to expand Starbucks in Latin America

BY Staff Writer

New York – Alsea, Latin America’s biggest restaurant operator, will invest $110 million over the next three years in 220 new Starbucks cafes in Mexico and Argentina, Reuters reported.

Around $75 million of the investment would be put into some 170 new stores in Mexico, which is Starbucks’ fastest-growing Latin American market, with the balance going to its number two regional market Argentina, according to the report.

Currently, Argentina and Brazil have about 50 Starbucks stores each.

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NRF survey details holiday spending plans

BY Marianne Wilson

Washington, D.C. — Most consumers will take a conservative approach with their holiday gift-giving budgets, according to NRF’s holiday consumer spending survey conducted by BIGinsight. The average holiday shopper will spend $749.51 on gifts, décor, greeting cards and more, up slightly from the $740.57 they spent last year. NRF forecasts that holiday sales will increase 4.1% to $586.1 billion.

According to the survey, consumers will spend a considerable amount of time in stores and online this year looking for the best deal. Nearly two-thirds (65.3%) will shop at discount stores and more than half (57.8%) will shop at department stores. Clothing stores (36.2%), electronics stores (31.8%) and specialty stores (16.7%) will be popular with holiday shoppers as well. Grocery stores will also see increased foot traffic – 51.8% will shop at a grocery store for holiday items, up from 48.8% last year.

In other survey findings:

  • Setting a new high, 51.8% will shop online for gifts and other items this holiday season, up from 46.7% last year. The average person will complete about 38.8% of their shopping on retailers’ and other companies websites, another survey high.
  • More than half (52.9%) of those who own smartphones and nearly two-thirds (64.1%) of those who own tablets plan to use their devices to research and purchase holiday gifts, décor, food items, and more.
  • Specifically, 32.9% of smartphone owners will research products and compare prices with their handheld, and another 24.9% will use their phone to look up retailer information, such as store location, hours and directions. Nearly two in 10 (17.6%) will use apps to research or purchase products and 15.0% plan to purchase items.
  • Tablet owners are even more likely to use their tablet to aid in their holiday purchases. Four in 10 (44.2%) will research products or compare prices, 19.8% will redeem coupons and 27.6% will look up a retailer’s location and/or store hours. Three in 10 (30.0%) will actually make a purchase with their tablet.
  • Gift cards top holiday wish lists: 59.8% of those polled say they’d like to receive gift cards this year, up from 57.7% last year and the most in the survey’s history. Half (49.1%) say they would like clothing, 45.7%said books, CD, DVDs, videos, or video games, and more than one-third (35.8%) are requesting electronics or computer-related accessories. Nearly one-quarter (24.0%) want jewelry, the most seen since 2008.
  • According to the survey, the biggest portion of shoppers’ budget this year will go towards gifts for family members with the average person planning to spend $421.82 on children, parents, aunt, uncles and more. Additionally, people will spend $75.13 on friends, $23.48 on co-workers and $28.13 on others, such as pets and community members. Consumers will also spend on food and candy ($100.76), greeting cards ($28.66) and flowers ($19.55.) When it comes to decorations, the average person will spend $51.99, up from $49.15 last year and the most in the survey’s history. Total spending on holiday décor will reach $6.9 billion.
  • Consistent with results seen the past 10 years, 41.4% of Americans say they will begin holiday shopping before Halloween. And 22.1% say they will begin in October, up from 20.3% last year. Another 39.0% will begin in November, 16.2% will begin in first two weeks of December and 3.5% will wait until the very last minute and shop in the last two weeks of December.

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Dec-20-2012 02:51 pm

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P.Lab says:
Nov-29-2012 08:03 pm

Half (49.1%) say they would like clothing, 45.7%said books, CD, DVDs, videos, or video games, and more than one-third (35.8%) are requesting electric sub metering http://www.meternetusa.com/">electric sub metering or computer-related accessories. Nearly one-quarter (24.0%) want jewelry, the most seen since 2008.

P.Lab says:
Nov-29-2012 08:03 pm

Half (49.1%) say they would like clothing, 45.7%said books, CD, DVDs, videos, or video games, and more than one-third (35.8%) are requesting electric sub metering http://www.meternetusa.com/">electric sub metering or computer-related accessories. Nearly one-quarter (24.0%) want jewelry, the most seen since 2008.

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