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Wed July 11 2018 21:20:28

eBay Reveals Impact of World Cup Games on Shopping

By: Ina Steiner

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Last month we touched on the impact of World Cup games on Amazon sales, and that may have gotten some CEOs thinking. 

On Saturday, eBay CEO Devin Wenig revealed in a tweet that shopping dips 30 percent during the games in the two countries playing: 

"The impact of a World Cup soccer match is about a 30pct decline in shopping activity from the 2 countries playing for the 90 min of the match, plus about 45 min on either side. More and quicker post match recovery consistently seem from the winning side."

Why aren't viewers from the losing team's country doing more shopping to drown their sorrows? "I think part of what is helping is a rush of gear and team branded stuff in post win enthusiasm," he theorized.

Many in the industry had expected Amazon to hold Prime Day this week based on previous year's behavior, but some believe the marketplace held off until next week due to the World Cup schedule.

Do you observe any events that have an impact on sales of the type of goods you sell?

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eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

by: sasikat9 This user has validated their user name.

Thu Jul 12 03:59:15 2018

Yes every Sunday thru Saturday Fleecebay goes dead.

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

by: pace306 This user has validated their user name.

Thu Jul 12 08:17:08 2018

Why aren't viewers from the losing team's country doing more shopping to drown their sorrows? "I think part of what is helping is a rush of gear and team branded stuff in post win enthusiasm," he theorized.

What are you, 4 ??????

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

This user has validated their user name. by: RKTOYS

Thu Jul 12 09:54:41 2018

Yeah, Weiner's answer is a total non-sequitur, like he had answers prepared and it didn't matter what the questions were.  I know the World Cup is a big deal overseas but it's a serious stretch to blame it for the drop in traffic on a US shopping site.

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

by: Mark4 This user has validated their user name.

Thu Jul 12 10:34:13 2018

Sounds like good ole Wenig is preparing to blame ebays's 2nd Quarter lousy numbers which are coming next week on the World Cup. Priceless  

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

by: I Must be Crazy This user has validated their user name.

Thu Jul 12 11:15:31 2018

What a bunch of baloney. Yes it might keep people from specific countries from sitting at their computer to purchase something. That's kind of a no brainer. But really, how much business is going to Croatia?

This information, while technically true, is a deflection of much bigger problems at eBay. I believe he is laying the foundation for earnings next week.

I am more interested in the impact of the endless systems issues between May and June on sales. Tell me why the introduction site wide of Guaranteed Delivery and Free Returns is not yielding positive results. My sales have dropped over 30% compared to the same period last year. Those programs ARE NOT delivering the expected bump that eBay likes to talk about as the items are not receiving improved placement in search.

Tweet about those issues sir.

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

by: pace306 This user has validated their user name.

Thu Jul 12 12:57:02 2018

His pickup truck broke, his dog died, and his wife ran off with his neighbor - all reasons for eBays poor 2nd quarter results.

now add Erdo─čans being elected in Turkey, the World Cup, WWE Summerslam, Styx and Chicago 2018 summer tour and many other things .....

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

This user has validated their user name. by: FidoMaster
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Thu Jul 12 13:14:18 2018

Foreshadowing?

Is Wenig gonna use soccer as one of his excuses for shortfalls next week?

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

This user has validated their user name. by: iheartjacksparrow

Thu Jul 12 15:46:26 2018

And don't forget that the Stanley Cup Playoffs, Royal Wedding, and release of Avengers: Infinity War all curtailed sales on eBay.

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

by: ebayout This user has validated their user name.

Thu Jul 12 16:06:20 2018

I'm sure that LOSING 5%+ on every promotion will be a mystery to Wenig as he points to his "growing" GMV.

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

by: ebayout This user has validated their user name.

Thu Jul 12 16:52:14 2018

I'm sure that Wenig has difficulty separating facts from statistics and MEANINGLESS statistics.
FACT: His salary etc. is $17M
STATISTIC: Losing "30%" in sales from 2 countries whose populations at any given time may account for .05% of ebay's business.
MEANINGLESS STATISTIC: See above

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

by: Whatever This user has validated their user name.

Thu Jul 12 20:08:32 2018

then my sales should have been booming since I don't sell internationally - jesus this guy is desperate as he prepares to get ready for the guillotine - couldn't happen to a -----er guy

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

by: Whatever This user has validated their user name.

Thu Jul 12 20:13:29 2018

this guy just looks dumber and dumber all the time - it's really quite the joke - shoot I can do his job - gimme a shot and I'll take a drastic pay cut

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

by: Snapped This user has validated their user name.

Thu Jul 12 20:23:57 2018

Physician, heal thyself.  Thine corruption lies within.  

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

by: Silver Ice King This user has validated their user name.

Fri Jul 13 01:43:41 2018

This is just a another deflection from the true issues that Ebay is facing and another excuse he can use next week while explaining the negative growth for the quarter.

Any bets that somehow EBay will manage to still show a 3-5% growth despite all the issues they have had, but when the audited Financial Statements come out where you have to properly account for the Site Sale Discounts and the Returns, you better believe it will not show growth of any kind.  By having the ability to base their quarterly growth for Wall Street Reporting strictly on the Gross Market Values,  Ebay overstates their revenues each and every quarter.  It then comes down to what the real audited numbers come out to and then he has to try and explain the differences to Wall Street on a subsequent call that never gets much discussion nor attention because it would show just what fools are also running Wall Street and could wind up in major lawsuits for all of them involved in this.

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

by: Stig of the Dump This user has validated their user name.

Fri Jul 13 18:12:55 2018

For once, and only this once, I am on Wenig's side. I should own up that I am an American of English birth, but American corporations have been spending big to get the rights of this competition for many years now, so it isn't just me. Those Americans who don't appreciate soccer seem to assume that therefore that no one else does. I don't think they realise how massive the WC is. Most of the world knows nothing of baseball or the NFL. The World Cup is a World Series that really is one.

eBay Reveals Impact of World Cup Games on Shopping   eBay Reveals Impact of World Cup Games on Shopping

by: Grady This user has validated their user name.

Sat Jul 14 13:18:55 2018

Was Wenig's mum smoking bath salts when she was pregnant with him?  



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