The Wall Street Journal - eBay Stock Falls Amid Slowing Near-term Trends

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Written By Rick Watson

I was recently quoted in a Wall Street Journal article about eBay. Read the excerpt below:

Rick Watson, an internet retail veteran who now runs e-commerce consultancy RMW Commerce Consulting, said eBay discussed incremental improvements, but "I did not hear a single major initiative...that would chart a new course for eBay."

Mr. Watson pointed to positives, like the increase in active users and gross merchandise value. But it's not clear eBay is specifically doing anything other than benefiting from cyclical trends, COVID, etc., Mr. Watson said, adding that ultimately, he feels eBay seems to be on a Yahoo-like decline and is still in need of a major reset.

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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