Click and Spend

Following eBay's (EBAY) weaker-than-expected guidance that reflects what its management team called a dramatic deceleration in the U.S. e-commerce growth rate compared to the second quarter, I did some digging to see if there was any other confirming data. According to ComScore, U.S. online retail spending growth has slowed, with online retail spending growing 13% year over year in July and August compared to 16% for all of the second quarter 2013. That is like comparing apples to oranges given that August includes the bulk of back-to-school spending.

Looking in the rearview mirror, however, we know that back-to-school spending this year was weaker than expected. Moreover, with Standard & Poor's estimating that the government shutdown took 0.6 percentage points off GDP this quarter and Washington hitting the snooze button on the debt ceiling, consumers are likely to be a little more tightfisted this year. ...501 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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