Seeking Alpha

comScore: U.S. e-commerce growth slows in August, travel picks up

  • comScore estimates U.S. e-commerce sales (exc. travel) rose 12% Y/Y to $26.1B. That's down from Q2's 16% and Q1's 13%.
  • RBC's Mark Mahaney views the data as "neutral to negative" for Amazon (AMZN +0.1%) and eBay (EBAY -0.7%), but also largely in-line with his forecast for 15% full-year growth.
  • On the other hand, comScore estimates U.S. online travel sales growth rose to 11% in August from Q2's 9% and the highest growth rate seen since Jan. '12. Mahaney views this as a positive for Priceline (PCLN -0.4%), Expedia (EXPE -1%), and TripAdvisor (TRIP +0.1%), and now thinks his 7% full-year growth forecast could be conservative. Others are already forecasting 8%-10% growth.
  • Priceline shares topped $1,000 for the first time yesterday, and are currently trading a little below that level.
  • Previous: ChannelAdvisor's August same-store sales data
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector