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02-11-2016 12:28 PM
Well - sales have bounced back again the last 3 days. Lots of large sales. A couple days ago 5 big sales. That is a great day for sure.
Things are not as steady as they used to be but it is what it is. We live in tumultuous times. We don't have money anymore, we have currency. It is worthless paper that is manipulated endlessly by the banks, politicians, and corporations. It has created endless chaos and wars. Look at the stock market today again. Was down -400 on the dow. More negative interest rates in Sweden.
The pundits say that we NEED inflation! WHY?????????? So that the masses have less spending power? You know why they need inflation? To save their own asses! The governments and many corporations are cornered by their self-imposed 0 percent interest rate policies. They stand to collapse should we get deflation, but that is exactly what we need - deflation. If the working people's wages have been stagnant for 20+ years, then prices have to stabilize or go down in order for the same spending to continue. OR - wages MUST go up. Well, wages aren't going up with more and more immigrants competing for the same or less numbers of jobs.
Remember, the USA is now a service-based economy! Whatever. If consumers don't pick up their spending at some point, governments and corporations will FORCE us to spend more through laws, price increases, etc. That is what is coming eventually - FORCED spending on items that you don't necessarily want.
02-11-2016 09:26 AM
02-11-2016 08:30 AM
Yes, I am seeing the same thing. Sales have been plummeting since last week. Not sure what the problem is but I have over 3,000 items listed and have been selling on ebay for 20 years now. This is the worst that I can recall. When I call ebay they say everything is working correctly and I am the only one complaining. Seems odd that they would say that because we all know that everyone is complaining about sales. I sure hope something gives soon.
02-11-2016 07:01 AM - edited 02-11-2016 07:04 AM
I have close to 4000 items, tons of variant items in there as well making my total individual item offering about 5700. All manually created over the last 6-7 years. Been running the ebay store within a small ecommerce business for several years now, took it over in 2008. Sales were increasing every month for years, and kind of plateaued off in a comfortable zone in 2013, still finding a little bit of growth but not as much as I was seeing previously.
Started off 2014 in good shape - up until March or so. Then the password hack hit. Then the Google Panda 4.0 whack hit and I think there was even a manual penalty laid on ebay by Google.
By May/June, we were doing rougly 20% less in sales than the way the year started off. Getting that business back still hasnt happened completely but by fall 2015, things were looking decent. Holiday 2015 wasnt great. January 2016 was a pretty big dive, a lot lower than last year, it was not a great month at all. First week of Feb was decent, but still not great.
But - Since SUPER BOWL SUNDAY, something seems really wrong, especially reading some of the posts others have made in the last few days. This isnt right, is there ANYTHING going on that could be responsible for this sudden huge drop off in sales? I was hoping on Monday that it was just a fluke...people were busy with the Super Bowl right? Though, last year and the year before it didnt affect sales the Monday after like I saw this year...doesnt mean it couldnt happen right?
Tuesday though, was WORSE. Ok Ok...maybe it was because...everyone was hungover from watching the Super Bowl on Sunday and just didnt do much online shopping Monday, right?
Wednesday. No better. I had one big sale that helped a lot, but my daily total was 1/3 of what it has been lately for the day.
This morning, I came in to the least amount of sales I have had in a LONG time, and the least of this week which has already been bad...
What is going on here? It made me feel a little better knowing that it wasnt just me, but I am still sick about this. Everyone has an off day, and an off week - but this just seems TOO off and staying that way. I ADDED new items last week, not taken away items and you would think sales would go up not down with additional new products. Reading that others with 1500ish items arent seeing ANY sales, seeing what I've been dealing with, people saying they're on day 5 with no sales, and it being Thursday at this point and not getting any better myself. This is really concerning to me.
As I said, the only thing that makes me feel slightly better is that it's not happening to just me. However, that's not really something to feel good about. Did something happen that caused this drop off? It feels like a switch was pulled during the Super Bowl or something. I can't even remember the last time I saw things this bad.
I talked to our SEO specialist who does work for the website and he looked at ebay through SEMRush and searchmetrics and both are showing Ebay having lower search visibility in Feb 2016 vs previous months. Why? What happened or is happening? We all know Google dislikes ebay for some reason, but did they kick them down again?
Does ANYONE know what's causing this and if there's anything sellers can do to fix it? I'm all ears....
02-10-2016 07:29 PM
02-10-2016 06:53 PM
Yep. I read a statistic many years ago (5+) that American CEO's across the board are paid 10-20 times more than a similar CEO in the same industries of similar size in other parts of the world. Not that I don't think they should be paid well and as much as possible, but ONLY if they have results to back it up!
There actually is a mechanism in capitalism to control this out of control pay. It is called SHAREHOLDERS. Unfortunately most of the shareholders of these companies are mutual funds/retirement funds and they don't exercise their rights to force change in the corporate boardrooms. And the small shareholder has limited impact.
Activist shareholders are also fairly rare. Carl Icahn is one of the few to get aggressive and shake things up. Of course he is doing it to make $ but it also benefits the rest of the shareholders. He was the one that forced the PayPal split. He knew that eBay had become a dinosaur and wasn't growing like it should. So it was better to set PayPal free so that they could continue to grow unencumbered.
The best way to impact change is to vote with your $. Quit doing business with crooks and the crooked companies.
I voted last year by closing most of my credit cards - permanently. Never again. Interest rates are near ZERO and they STILL charge 15% - 22%!! What a crock.
02-10-2016 06:38 PM
Try having 1.350 items an no sales. I don't think it matters how many items you have, Ebay is promoting only the big box stores and the people that are stupid enough to pay additional fees to have their items promoted. They are bloodsuckers all the way and the bottom line is that they are going down, as the stock prices speak for themselves. When you get greedy and always favour the buyer no matter what, that is what ultimately happens. I have another 1,450 items in my unsold pile but there is no way I am listing them and paying Ebay more money to list stuff that won't sell anyways. You bet when it comes time to pay your seller fees, somehow (?) business always picks up or they offer free listings to us lowly sellers that can't do anything right! You bet I am mad at the way Ebay has become the greed money sucking corporate machine that pays their CEO 10 million a year. NO ONE and I mean no one is worth that! I know that that is the norm for CEO's but come on! None of us probably make that in a lifetime, let alone a year!
02-10-2016 06:28 PM
eBay has made many changes in recent years and even more in the last few months. eBay makes more money if sellers can complete sales so I don't think they are doing anything on purpose to undermine us sellers. The sellers that see those drastic falls in sales are those that don't completely understand the changes that are being made and they are slow to adapt. We changed our listing strategies quickly whenever we see a slow down and eventually find the ones that work. Sometimes it takes several weeks to find the right strategy. We haven't had any slow down so far. If you find that you are at a lost, it may be time to get professional help.
Kyson & Lephardt
02-10-2016 04:11 PM
Ebay screwed the sellers and turned their noses up to them. I can't tell you how many times I have called customer service to beg and plead for them to release held funds. They treat the sellers like 3rd class and take the buyers side every time regardless. While they have made some significant changes effective February 2016 to benefit the seller it may be too late to prevent the stall we are seeing. It will take 1-2 years at minimum for Ebay to pull out of the stall. Sellers are **bleep** and the decent buyers are too. There are a lot of crooks and scammers on Ebay who have perfected the art of screwing over the buyers and sellers. People are wary and turning elsewhere. Compounding the problem is the current global economic meltdown. It is not just the selling I am seeing slow down. It is picking good items that is becoming difficult. More and more people are trying to sell rather than donate. More people are catching on to the idea of picking at thrift stores creating more competition. The thrift stores are sifting out more and more of the cream donations to sell at higher prices in store or at their house. Finally people are donating less and less. We are quite possibly on the very of the greatest depression ever. We shall see.
02-10-2016 04:04 PM
Just checked eBay's current P/E. It is about 15.5 (as opposed to 395). Now, if the P/E for eBay was 395, that would put the stock price at $551, on par with the competition.
02-10-2016 03:39 PM
Yep. Whatever the buyer says it must be so! Its been like that for years. I remember many years ago when I worked retail and I was forced by the manager to give a customer a 100% refund on a new TV that the customer said was defective. Of course I lost the sale & the commission that went with it. After they left we plugged the TV in and not a thing wrong with it. All the retailers have to remember, WE can lie as much as our customers about our purchases, too.
Yea, the corporate execs just treat their companies as ATM's. They really don't care about the bottom line when things boil right down to it. That is why many of them fudge the numbers (remember Tyco, WorldCom, and Enron?) and play accounting games to juice up the stock price so they can cash out their stock options!
To be honest with you, the other one.. A*** is doing the same **bleep** thing. Do you really think their P/E (earnings multiple) is really worth 395? Most mature companies are much lower in the 10-50 range. That stock will get clocked one day when it returns to earth. He is playing games with the trading market to make it appear they are very profitable. I don't think so.
The whole system has become a casino
02-10-2016 03:02 PM
I am stumped as well and beginning to panic as I have not had a sale within 5 days, which is very rare. I usually have at least one sale per day, minimum! I have listed over 140 items within the last couple of weeks, and do not know what is going on. I thought that January was slow because of Holiday spending.. but look back at my sale from last January, and my sales dropped 40%.. Hope and pray that the light come on again like yesterday! Is this the end? yikes ;(
02-10-2016 01:46 PM
Honestly all sellers are facing the same situation buyers are lying about their return request because they know that we have to pay shipping back and forth . Not all customer support does their job right because each customer support tells you to do something different than the other one . Today and first time i can admit that customer support did the right thing to help me . One customer claims that i shipped him not authentic product in that situation i have to pay shipping back and forth but i called ebay and told them we are here for 13 years we will never sell fake product on ebay so customer support closed the return request that the customer opens it and asked the customer to send a written proof from the dealer that he check the item with and said it's not authentic . Customer never send any proof because he was lying and they told me okay we will lose shipping fees . So again ebay wake up you putting your system in the hands of liars try to make a good platform to protect both of us buyers and sellers . If customer clam's item not as describe just ask them in your system to send pictures at least to proof it . I am 100% sure well known sellers been doing their business for years their will never cheat their customers . We make mistakes in our business but you need to understand the prcentage of lie claims is not normal you need to take the trust of a seller is been years working with you than a bad customer trying to ruin ebay reputation . Wake up ebay and listen to our screams . Thanks
02-10-2016 01:22 PM
So Chad, check this out. I made a $14.99 sale last week on one of those Dance Pads that the kids use with their playstation. It specifically said that returns the buyer pays the shipping back. E bay says that :since the buyer says that the item is defective ( which it was not-I tested it beforehand), that the seller must pay the shipping back if I want it back. Can you believe that? The buyer says it is defective so I have to pay the shipping back! Un fin believable! No wonder E bay is tanking! Their stocks are pathetic and they blame it on the PayPal split-which is stupid. It might have something to do with it but the real problem is bad management. I wonder how much $ Devin earns per year and what his "golden Parachute" will be when he bails out ( which will likely be soon the way things are going). Wow-They s'ed themselves by being greedy and having back deals with the Chinese as well as the US post office has with those E-packets. I haven't sold a thing all this week! 19 percent off sale, lowered prices, no one is looking and especially NO ONE IS BUYING!
02-09-2016 12:27 AM
02-08-2016 08:23 PM
Hi Susan, Mini and all:
Yea, back to 2-bit sales today. $5 and under. Nice, huh? Good thing I don't rely on this anymore. Already found a job and am enjoying that.
I'll tell ya, I think it is too little too late for eBay. Should have made the changes years ago. The competition has sucked away the buyers and once they leave, good luck getting them to come back. I am not sure, but even cheap prices may not sway buyers to return.
Devin has a lot of work to do and REAL fast! It appears the Titanic is starting to sink. Wonder who is going to pick up the pieces? There is a lot to work with on here but the company has been terribly mismanaged. It is a crying shame. These big companies need to be more nimble so that they can change with the times, and currently they are VERY challenging! Only the strongest will survive.
I've got a prediction: I believe restaurants are the next casualty in the retail meltdown. I heard a statistic a couple years ago that the average person was eating out 4-5 times/week? Ever wonder how all the Mc's, Wendys, etc. stay in business? Well that is why (or was). They are now locked in a food war to see who can outdo the other with the cheapest meals. That won't last. It will be like the oil wars - sooner or later a major producer will have to shutdown. At $10/barrel many won't be able to operate.
Consumers have less disposable income everyday. Prices have to drop for them to keep consuming but with the commodity inflation (was up, then dropped and now maybe on the rebound??) that leaves the restaurants squeezed in the middle with no one to pass the cost increases to.
In this area, Old Country Buffet closed 7 stores last week. More restaurant closings to come!
02-08-2016 06:11 PM
eBay at a 5 year low and continuing to fall at $22.48 today. trading after hours relatively flat with a short lived spike at 8 pm Eastern.
Back down to $22.50 at present. It has been on a steady fall since November 30th.
The stock is down 15% since Jan 1. Looks like it will fall way down as experts lose their love of eBay
They better make some major turn arounds and it is not such a darling stock any more.
An article from TheStreet.com
Can eBay Make a Comeback or Is More Pain Ahead? by Devesh Kumar
There's no other way of saying it -- January 28 was "Black Friday" for investors in eBay (EBAY) . Experts say the drop was spearheaded by several factors: a poor earnings report and an unexpectedly tepid forward outlook. In fact the stock's taken a beating for the year 2016, (down nearly 15%) and this could be only just the beginning.
Is eBay among a group of technology opportunities that look appealing in 2016, or should you avoid it? We get you the details.
After spinning off PayPal as an independent company in July 2015, eBay is a markedly different entity. It lacks quick hit investments and must strive to transform into a revitalized business that can independently take on the competition, with respect to the online marketplace business model.
In fact, CEO Devin Wenig calls it "re-platforming eBay," but the giant question at this time is, how many of its investors will stick around to witness this massive transformation? Is the company a tech innovator with staying power for 2016, or is it losing steam?
And so now eBay finds itself at a critical moment. It must adapt and stay in sync with the emerging digital commerce landscape even as the same continues to wildly change itself.
Amazon, on the other hand, is winning the e-commerce game and winning it fast. Even offline retailers like Wal-Mart are upping the ante, pushing digital capabilities.
Compared to the tech companies that truly epitomize innovation, what's eBay's approach?
Last year, it made a number of sensible strategic moves, including cutting jobs and selling its eBay Enterprise unit, in a bid to get leaner and survive in the highly competitive online marketplace.
But even that wasn't enough for wily investor Carl Icahn, who sold his entire position and instead bought PayPal, (whose stock is flat for the calendar year so far). Even Goldman Sachs has pulled off eBay from its Conviction Buy list.
In this brave new world dominated by Amazon and Alibaba, eBay is a relic of the past for both buyers and small business sellers. Though its recent earnings showed active buyer lists actually rose, Wall Street doesn't seem to be impressed.
The company's focus is on lukewarm guidance where it sees first-quarter revenues of $2.05 billion-to-$2.1 billion, down from $2.16 billion consensus and earnings-per-share (EPS) of $0.43-to-$0.45 vs. $0.48 consensus. The company's outlook for 2016's EPS is $1.82-to-$1.87, down from $1.98 consensus.
Analysts estimate an EPS of $1.88 for the December 2016 year -- just 5 cents up from $1.83 last year -- accompanied by a mere 1.7% rise in top line, a 2.7% rise in earnings for the December 2016 year, which is dismal compared to the industry's 11.10% rate.
Over the next five years, eBay is expected to post only 7.33% earnings growth annually, whereas the industry should register 21.42% growth. In short, life without its main growth engine PayPal isn't really working out for eBay. And so eBay's robust cash reserves of $6.13 billion is pretty much useless, if the stock doesn't pay you any dividends.
Buybacks, bear in mind, mostly help the company but not the investor. The company is growing slowly. Its gross margins are on a downhill swing and its return on equity and on invested capital is consistently deteriorating.
Valuing this company could be tricky in an industry that is known to get superb multiples for growth. We believe Enterprise Value/Revenue could capture the fundamentals and throw light on the big picture. Based on that metric, eBay is valued at 3.33 times and Amazon at 2.48 times, indicating the potential for valuation correction for eBay.
On EV/EBITDA basis, eBay is valued at a humble 9.91 times (which could be justified on its anemic 7% growth projected for next five years) compared to the 40.88% run rate for Amazon which is valued at 31.11 times on EV/EBITDA.
The upshot: Stay away for now from eBay and wait for a lower entry point.
So they are saying to now STAY AWAY FROM EBAY
02-08-2016 05:05 PM
I hear you Chad. This has been the most rotten weekend ever and I am not going to blame it on the Super Bowl because it is continuing all day today also. No sales at all. I am even having an 18 percent off sale on everything and still NO SALES AT ALL. How can that happen when you have 1,316 items listed? And I do have a store that I pay $49.99 for a month and of course Ebay does nothing to promote me, oh of course, unless I want to pay extra. Ebay's stock keeps falling and I do wonder why?