Companies: Ecommerce shows strong growth
Ecommerce, excluding travel spending online, grew in May to $12.3 billion
SAN FRANCISCO:
Ecommerce, excluding travel spending online, grew in May to $12.3 billion, up 13 percent from a year earlier, according to ComScore Inc. ChannelAdvisor’s year-over-year same-store sales rose about 84 per cent for Amazon.com and 13 per cent for eBay in May, according to a Barclays Capital research note sent to clients on Friday. Analysts at Barclays Capital said there was a strong correlation between this data from ComScore and ChannelAdvisor and the sales of Amazon.com and EBay, two of the world’s largest ecommerce companies. “The secular trends in eCommerce remain strong,” Anthony DiClemente, an Internet analyst at Barclays Capital, wrote in Friday’s note. Amazon.com shares climbed 1.4 per cent to $186.32 in late afternoon trading Friday, while EBay gained 1.2 per cent to $28.81.
Published in The Express Tribune, June 19th, 2011.
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