By Alistair Barr
SAN FRANCISCO (Reuters) - New data are showing strong growth in ecommerce, with Amazon.com having particularly healthy same-store sales gains.
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 percent for Amazon.com and 13 percent 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 percent to $186.32 in late afternoon trading Friday, while EBay gained 1.2 percent to $28.81.
Mark Mahaney, an internet analyst at Citi Investment Research & Analysis, cited ComScore's data in a bullish note on ecommerce Friday.
"We continue to believe the Recession accelerated the Online share shift, and view the possibility of a return to pre-Recession 20%-ish growth rates a distinct possibility," Mahaney wrote.
(Reporting by Alistair Barr; Editing by Phil Berlowitz)
FATAL SELFIE: Teen Killed Taking Instagram Photo With Gun To His Head - Bearing Arms - Negligent Discharge, Texas
Stop California's Attorney General From Intimidating Conservative Donors | RedState
How to Write a New York Times Op-Ed in Three Easy Steps | Human Events
Katie Pavlich - Exposing The Black Lives Matter Movement For What It Is: Promotion of Cop Killing
Dave Ramsey - Dear Dave: Going to Extremes Is Unhealthy
Staffer who handled Hillary Clinton's private email to plead the Fifth Amendment
Megyn Kelly gets angry: Why don’t the left’s “civility” rules apply to Black Lives Matter protesters? - Hot Air