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March 25th, 2010 @ The Royal Garden Hotel, London
The third annual PCR Awards is set to be the social event of the year for anyone involved in the PC retail sector, and a well deserved celebration for the nominees.
Competitive Package
UK - London
Wedge Partners warns that company's recent moves have driven away sellers and may lead to job losses
eBay has failed to take advantage of the current economic conditions and as a result may find itself in trouble. That was the message from investment firm Wedge Partner, which warned that the online auction company's business is "deteriorating".
Despite the vibrant market for people looking to sell on unwanted items, the changes that eBay has brought into place have caused considerable seller discontent, as reported by PC Retail back in February.
"Seller discontent with eBay is on the rise due to higher fees and other changes, and we believe eBay has seen numerous sellers migrating away from the platform and create their own selling sites," wrote Wedge Partners analysts Brian Blair and Ryan Hunter.
"We don't have a handle on how much of the slowdown is due to economic conditions and how much is due to competition and execution, but we do believe a decline in these key metrics presents continued risk for the company," they added.
Warning that shares have plummeted by 30 per cent compared to the same time last year, they said that around ten per cent of the company's workforce – 1,500 people – may find their jobs at risk.
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About time the pathetic attitude of ebay to it's sellers was highlighted, I used to sell hundreds of items on ebay daily but just gave it all up as thet do not want to help the seller at all, it is all in favour of the buyer, I cannot even leave negative feedback if left for me. It is totally wrong.
I totally agree with Jams - ebay has become a disgrace for sellers
ebay would be well advised to review their strategy when it comes to trading. Sellers are being alienated and the incentives they run don't soften the blow enough to justify increased listing fees. Its time to take heed of the old addage "don't bite the hand that feeds"!
Feebay has somehow forgotten about the people that put it where it is..or should i now be was!
Over the last 12 months much of the policy changes has been to the detriment of the honest seller. I for one have migrated to other vehicles for sale which so far have proven to be much more cost effective and less risky. Paypal is again is another problem for many, I would rather take my chances on leaving my money and items on a park bench over night
Feebay is well out of order not allowing sellers to leave negative it as now become a scammers heaven they can try scamming you and not worry about negative comments crazy.
