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eCommerce spending grew +14% Y/Y in 2Q 2011 according to Scot Wingo, CEO of ChannelAdvisor (CA), which manages eCommerce for over 3,000 retailers including Dell and Nike. Amazon Same Store Sales of +52% Y/Y in July continues to far outpace the industry. Growth is driven by a +26% Y/Y increase in buyer frequency and +56% Y/Y increase in unit sales due in-part to Prime and 3rd Party item sales. According to Forrester, eCommerce will be a $1T market by ‘14; the US will grow at ~11% CAGR, EU at 19%, and ROW at 29%. [UBS Research Note]

As I said earlier, we are spending more money on Amazon.

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A Letter from Om

A (nearly) bi-weekly dispatch about tech & future.

Om Malik is a San Francisco based writer, photographer and investor. Read More

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A Letter from Om

A (nearly) bi-weekly dispatch about tech & future.

Om Malik is a a San Francisco-based writer, photographer, and investor. He has spent three decades in the trenches of Silicon Valley as a journalist, entrepreneur, and, more recently, as a venture capitalist. He has been writing about the commercial Internet since its birth. Read more

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