(By Balachander) Shares of eBay Inc. (NASDAQ: EBAY) and Amazon.com Inc. (NASDAQ: AMZN) gained in early trading on Monday after a data showed a rise in same store sales (SSS) for March.
eBay's SSS for March came in at 19.2 percent after an unexpected slow down in the online auction site's sales for February. eBay's SSS for February came in at 8.2 percent, ChannelAdvisor reported.
Amazon's SSS came in at 31.6 percent in March following a 30.8 percent jump in the previous month, ChannelAdvisor said.
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At 10.22 am ET, EBAY shares rose 0.49 percent to trade at $55.79, while AMZN shares traded 1.16 percent higher at $258.44.
ChannelAdvisor said eBay's SSS reflects the better consumer+weather environment in March.
eBay auctions fell 6.5 percent, extending their declines in March. eBay fixed-price (FP) rose 24.2 percent year-over-year.
The report noted that eBay Motors (parts and accessories) rose 21 percent, which ChannelAdvisor said is the largest growth in the category for 2013.
"Based on the eBay details, essentially every component contributed to the return to larger than e-commerce growth for eBay overall," ChannelAdvisor said. "With e-commerce growth at 15 percent, Amazon and eBay's fixed-price growth show that the marketplaces continue to take share from CSEs and search."
eBay is an investor in ChannelAdvisor.