Reuters: Technology News: EBay shares gain on strong July sales data

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EBay shares gain on strong July sales data Aug 13th 2012, 19:23 Tweet Share this Email Print Related News Analysis: EBay lures big retailers in Amazon battle Tue, Aug 7 2012 Amazon profit margin rises as new businesses grow Thu, Jul 26 2012 Earnings lift stocks, commodities broadly higher Thu, Jul 19 2012 EBay avoids Europe woes as Marketplaces business grows Wed, Jul 18 2012 Related Topics Tech » Hot Stocks » Asian Markets » Visitors chat next to the Ebay logo at the CeBIT computer fair in Hanover March 2, 2011. Credit: Reuters/Tobias Schwarz SAN FRANCISCO | Mon Aug 13, 2012 3:23pm EDT SAN FRANCISCO (Reuters) - EBay Inc shares rose 3 percent on Monday, closing in on a multi-year high after data showed the world's largest online marketplace had a strong sales month in July. ChannelAdvisor, which helps merchants sell via eBay, Amazon.com and other websites, reported that client same-store sales on eBay jumped 28.2 percent in July from the same period last year. Fixed-price sales on eBay surged a record 33.1 percent in July, compared with a year earlier, while auction-based sales dipped 1.1 percent, ChannelAdvisor added. "We're seeing name-brand, larger retailers do very well on eBay and eBay's daily deal program continues to drive significant revenue for top-tier sellers," Scot Wingo, chief executive of ChannelAdvisor, wrote in a blog on the firm's website. EBay, once a scrappy auction site for mom and pop sellers, is enticing some of the world's largest retailers by arguing it can help them improve competition against e-commerce leader Amazon.com Inc. EBay shares rose 3 percent to $45.29 in afternoon trading on Monday. The stock rose as high as $45.65 earlier in the day. In late July, eBay shares hit a multi-year high of $46.15. (Reporting By Alistair Barr; editing by Andre Grenon) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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