shopping.com

Holiday shoppers brought good cheer to e-commerce retailers, spending $27 billion online from November 1 through December 24, a 5 percent jump over last year, ComScore reported Wednesday.

The period from Black Friday through Christmas Eve was also bright and merry as sales grew by around 3.5 percent, even after adjusting for an additional shopping day this year. Consumer electronics proved to be the hottest selling category, rising 20 percent. Larger retailers outpaced smaller vendors thanks in part to their use of free shipping and marketing via social-networking sites, said ComScore.

The growth in this year's online holiday … Read more

This was originally posted at ZDNet's Between the Lines.

eBay's first-quarter results were better than expected, and the company argued that it is operating with more discipline and smarter.

For the quarter ended March 31 (statement), the company reported net income of $357.1 million, or 28 cents a share, on revenue of $2.02 billion, down $171.6 million from a year ago due to poor performance in its marketplaces unit. On a non-GAAP basis, eBay reported first-quarter earnings of $499.9 million, or 39 cents a share.

Wall Street was expecting earnings of 33 cents a … Read more

eBay announced Monday that it has appointed new CEOs to its Skype and Shopping.com properties. At the helm of telephony company Skype will be current Shopping.com president and former Evite co-founder and CEO Josh Silverman; taking his place at Shopping.com will be Andre Haddad, who joined eBay in 2001 when it acquired his start-up, the European marketplace site iBazar.

This continues an extensive management shakeup at the online commerce giant, which saw the departure of longtime CEO Meg Whitman in January. eBay itself has been going through some tough times, with seller dissatisfaction leading to a boycott over fee hikes and new rules.… Read more