Originally Posted by dlundblad
Why are their sales dropping? Amazon sales are rising.
Amazon's piece of the pie is declining: https://247wallst.com/retail/2020/06/15/how-rising-overall-online-sales-could-affect-amazon-stock/
Quote
Prior to the lockdowns following the coronavirus outbreak, Amazon's online retail revenue accounted for 40% to 44% of all online retail spending. That percentage has now dropped to around 35% to 37%, according to a report in the New York Times.
And that's a good thing. The sooner Amazon goes the way of Sears and Montgomery Wards the better off we all will be.
I can see why Ebay's sales are declining. They are seller hostile and have ever increasing fees and rules. Honestly they provide little value for the $$ they charge in fees.
Why are their sales dropping? Amazon sales are rising.
Amazon's piece of the pie is declining: https://247wallst.com/retail/2020/06/15/how-rising-overall-online-sales-could-affect-amazon-stock/
Quote
Prior to the lockdowns following the coronavirus outbreak, Amazon's online retail revenue accounted for 40% to 44% of all online retail spending. That percentage has now dropped to around 35% to 37%, according to a report in the New York Times.
And that's a good thing. The sooner Amazon goes the way of Sears and Montgomery Wards the better off we all will be.
I can see why Ebay's sales are declining. They are seller hostile and have ever increasing fees and rules. Honestly they provide little value for the $$ they charge in fees.
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