Liberty Media Unit Looks to Unseat Amazon's e-Commerce Lead (LMCA) (AMZN)
Tweet
Share
E-mailGet Alerts LMCA Hot Sheet
Join SI Premium – FREE
Amazon.com (Nasdaq: AMZN) is the traditional e-commerce leader when it comes to holiday sales. But, one fierce competitor is looking to mimic Amazon.com and boost sales for its rivals.
CommerceHub, which is owned by Liberty Media (Nasdaq: LMCA), allows retailers to bolster their offerings without having to stock-up on costly inventory. This is achieved through a strong network of third-party suppliers.
Sales for CommerceHub's
With Amazon.com moving to building distribution centers near the largest U.S. cities for quick delivery, names like Wal-mart (NYSE: WMT), JCPenney (NYSE: JCP), and Best Buy (NYSE: BBY) will be utilizing the service more to improve sales while appeasing shareholders.
CommerceHub, which is owned by Liberty Media (Nasdaq: LMCA), allows retailers to bolster their offerings without having to stock-up on costly inventory. This is achieved through a strong network of third-party suppliers.
Sales for CommerceHub's
virtual inventoryrose 42 percent to $1 billion over Thanksgiving weekend through Cyber Monday, the NY Post said today. Year-to-date online sales processed through the site are up 31 percent.
With Amazon.com moving to building distribution centers near the largest U.S. cities for quick delivery, names like Wal-mart (NYSE: WMT), JCPenney (NYSE: JCP), and Best Buy (NYSE: BBY) will be utilizing the service more to improve sales while appeasing shareholders.
Create E-mail Alert Related Categories
Insiders' Blog, Retail SalesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
