Featured Articles

Android Wear installed on 50-100k phones

Android Wear installed on 50-100k phones

Android Wear is a companion app that you need in order to run your new Android Wear watch.

More...
AMD launches 45W desktop Kaveri parts, finally

AMD launches 45W desktop Kaveri parts, finally

AMD has finally launched three 45W Kaveri SKUs, which were in the works for months. The three chips feature configurable TDP,…

More...
Desktop Broadwell LGA is Socket 1150

Desktop Broadwell LGA is Socket 1150

Broadwell was supposed to come in 2014 and it will ship in the last quarter of this year for detachable thin…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 17 October 2013 13:13

Ebay fears low Christmas sales

Written by Nick Farrell



Blame the Republicans

It looks like the US Republican shut down of the US government has stuffed up Christmas for Ebay. The company has given a disappointing holiday forecast, saying the US economic environment, including consumer confidence, had deteriorated because of the shutdown of the US government.

Chief Financial Officer Bob Swan told investors on a conference call that industry growth rates for e-commerce had shrunk to about 13 percent in the third quarter, from about 16 percent in the previous quarter. But he had not seen any more positive signs in October, he added.

He might change his mind today after it was announced that US Senate leaders announced a deal to reopen the government and avert a US debt default.

eBay Chief Executive John Donahoe said no one will be sure if the gloom which descended on the US following the Republican shut down will lift now that a deal has been announced. Data firm ShopperTrak has forecast the slowest holiday sales growth since 2009, and last week, September retail sales showed U.S. shoppers were cautious, following a disappointing second quarter for many retailers.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments