Ebay has just come in with Q4 listings 10 percent below analyst expectations, according to Piper Jaffray. Together with price increases for its listings - which major ebay sellers will probably pass on to their customers in terms of higher transaction fees, thus depressing sales further - that does not bode well for future sales.
Retailers are currently blaming increased online sales for their woes. But online sales too appear weaker than expectations. Consumer business is beginning to taper off as higher interest rates and lower disposable income set up a double whammy on the credit-card dependent shopper.
It's possible other etailers will do better. But I suspect etail will not be flavour of 2007.
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