E-Commerce Growth Will Lift Freshly Spun-Off CommerceHub

CommerceHub completed its spin-off from Liberty Interactive and CEO Frank Poore says independence will create some change at the company.
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CommerceHub (CHUBA)  completed its spin-off from Liberty Interactive (LVNTA)  today. Frank Poore, CEO of the e-commerce platform, said independence will create a lot change at the company, yet in other respects it will be business as usual. 'We want to continue to execute day-to-day on the strategy we've set forth,' said Poore. 'But as far as it being a new day, we now have a public currency and we stand on our own.' CommerceHub is a cloud-based commerce network and provider of fulfillment and marketing solutions serving e-commerce supply, demand and delivery needs. They have a growing network 9,500 customers, connecting suppliers and brands with major retailers and channels such as Walmart (WMT) - Get Report , QVC, Amazon (AMZN) - Get Report and eBay (EBAY) - Get Report . Poore said the company booked about $87 million in sales in 2016. In 2015, the company grew faster organically than the e-commerce market's 15 percent and customers processed an estimated $11.6 billion of GMV (gross merchandise value) through CommerceHub. According to eMarketer's estimates, U.S. e-commerce could reach $600B by 2019.