Money
Is the pandemic-led shopping boom fading?
Over the past twelve months, consumers have been largely forced to shop on the web as governments enforced wide-sweeping stay-at-home orders
However, as the world reopens, perhaps shoppers are once again returning to brick and mortar stores.
eBay expects its quarterly revenue will be around $2.4 billion, which is below the 2.9 billion figure analysts were anticipating…. with shares in the company falling by 1% as a result.
Ebay’s CEO says as people begin to move around again, online sales will be impacted… but the company’s focus on collectibles, ads and payments is working.
He believes the company will come out of the pandemic stronger than it went into it.
This follows Amazon also recording lower than expected estimates in the second-quarter… with the e-commerce giant anticipating a slower sales growth in the sector.