eBay News

The past few years haven’t been kind to many department stores. Retailers across the country are floundering, their stocks cratering as they fail to adapt to the times. Sears is essentially gone, J.C. Penney is well on its way to the same fate, and other department stores, like Macy’s and Kohl’s are barely any better off. And yet, through all of that, Walmart and Target are actually growing. The gap between retailers struggling with a buildup of inventory before the holidays and those that are thriving is widening every day.

After reporting better than expected second quarter results, eBay stocks are trading higher. However, there are still some serious cracks showing within the business. The worst signs of weakness are in the core U.S. marketplace operation. More aggressive state tax enforcement on e-commerce companies is causing some serious setbacks. Even so, Wall Street analysts seem content with the current state of things.

eBay is finally moving forward with their plan to potentially sell the ticket exchange company StubHub. eBay made this statement to CNBC’s David Faber. Sources say that eBay is seriously considering the sale, due to the fact that many companies are interested in buying StubHub. Upon the news, eBay’s shares rose by about 2.8%, along with the tear the stocks have been on for most of this year, rallying more than 45%. It’s even outperforming the S&P 500, which is up 19% this year...