Sunday, October 19, 2008
Amazon Earnings WebCast Weds. Oct. 22nd
Amazon is getting ready to announce their 3rd quarter, 2008 Earnings this coming Weds. and many online retailers, analysts, investors, bloggers and eBay executives are going to be very interested in what they have to say.
What everybody wants to know, regarding this Amazon earnings call is, will Amazon cancel Christmas just like eBay did?
We know the economy is doing poorly and you would think it would treat Amazon and eBay alike, after all they are conducting business in the same economy. eBay has already cancelled Christmas because of the economy, it just makes sense that Amazon will have to as well - doesn't it?
If Amazon meets or beats, Wall Street's estimates for Q3 and doesn't revise their Q4 guidance down in response to the macro-economic headwinds, eBay execs better run for the hills, because there will be nowhere to hide.
I have said all along that eBay's results are mainly due to poor execution, not the economy. eBay should be excelling in this economy, but appears to be lagging behind. If Amazon, doesn't disappoint on Weds. then the "fat lady" has sung.
My suggestion, for those merchants who sell on both eBay and Amazon: Listen in on this conference call or read My Blog Utopia on Weds and if the word is that Amazon won't be cancelling Christmas this year, then make plans to have the lion's share of your inventory on their site as soon as possible.
Just my 15%