Piper Jaffray’s eCommerce forecasts are always of interest to me because Gene Munster and his team have correlated sales of certain retailers to overall eCommerce revenue. In the latest report (June 4), Piper Jaffray expects “May eCommerce Sales 0% to (1%) y/y” which would be “Slight Negative for eCommerce” based on Target’s same store sales for May. Next report to be on the lookout for is comScore’s eCommerce sales out on June 15th.
Advertisement
[...] Piper Jaffray Believes May eCommerce Sales Flat to Slightly Negative [...]