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EBay CEO Says E-Commerce Is Growing 'Stunningly' In Europe

By Drew FitzGerald Of DOW JONES NEWSWIRES EBay Inc. (EBAY) Chief Executive John Donahoe said European e-commerce activity has remained robust despite the region's growing economic malaise. Growth rates have held up "stunningly" in Europe, Donahoe said, speaking to a group of analysts and investors at the annual Sanford C. Bernstein Strategic Decisions conference in New York. The head of the online-retail giant attributed high demand to cost-conscious consumers trying to stretch the euro by shopping for deals online. "In the U.K. and Germany and Italy, e-commerce growth rates have been double digits [on a percentage basis]," he said. Donahoe also suggested that investors should be patient with the company's fledgling PayPal point-of-sale business, which aims to capture a slice of the brick-and-mortar retail business by presenting a physical alternative to swiping a credit card. PayPal has selectively rolled out the offering at Home Depot Inc. (HD) stores and other retailers, though Donahoe said eBay hasn't aggressively marketed the product to consumers yet. Still, he said the system offers enormous revenue potential. "If we get 2% share of checkout, it's another PayPal," Donahoe said. EBay shares were recently off 1.3% at $39.09 Thursday amid a broad market decline. The stock has climbed 29% so far this year. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Ebay Inc. (EBAY)
DateTimeHeadline
08/26/201618:41:17Statement of Changes in Beneficial Ownership (4)
08/26/201616:18:08Securities Registration: Employee Benefit Plan (s-8)
08/24/201619:48:10Statement of Changes in Beneficial Ownership (4)
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08/12/201617:07:48Statement of Changes in Beneficial Ownership (4)
08/12/201617:03:49Amended Statement of Changes in Beneficial Ownership (4/a)
08/11/201610:10:00Bill Miller Buys Out Legg Mason's Interest in His Funds
08/03/201618:02:12Statement of Changes in Beneficial Ownership (4)
08/03/201617:52:20Statement of Changes in Beneficial Ownership (4)
08/03/201617:40:17Statement of Changes in Beneficial Ownership (4)
08/03/201612:00:00Karen Harvey Consulting Group Announces The 3rd Annual Fashion...
08/01/201603:02:00Pact With Visa Puts PayPal on Defensive -- WSJ
07/31/201623:10:00Pact With Visa Puts PayPal on Defensive
07/31/201621:28:00Pact With Visa Puts PayPal on Defensive
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07/27/201619:14:41Statement of Changes in Beneficial Ownership (4)
07/27/201619:07:40Statement of Changes in Beneficial Ownership (4)
07/27/201619:00:07Statement of Changes in Beneficial Ownership (4)
07/27/201618:41:26Statement of Changes in Beneficial Ownership (4)

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