A new forecast from Forrester Research credits greater online spending by Canadians, lower shipping costs and more selection for the spending increase.
The online retailer’s stock price went up 17.3% last week, the best performance among the 25 stocks in the Internet Retailer Online Retail Index. The index was down nearly a half a percentage point last week, while the broader market advanced slightly.
E-commerce stocks slipped slightly last week, while the broader market made modest advances.
The Internet Retailer Online Retail Index of 25 e-commerce companies lost .45%, while the Dow Jones Industrial Average inched ahead by .10% and the Standard & Poor’s 500 Index improved .47%. Year to date, however, the Online Retailer Index is ahead 25.6%, while the Dow is down 5.7% and the S&P; off 1.8%.
Drugstore.com led the way among e-commerce stocks last week with a 17.3% jump in its stock price. Thirteen of the e-commerce stocks advanced, while 12 declined in price.
Here are the best-performing stocks last week in the Online Retail Index and the percentage price increase for each:
- Drugstore.com, 17.3%
- DemandTec, 5.9%
- Digital River, 5.1%
- Blue Nile, 4.6%
- Overstock, 3.9%
Here are the Online Retail Index stocks that performed least well last week and the percentage decline in stock price for the week:
- Bidz.com, -18.7%
- 1-800-Flowers.com, -9.1%
- Systemax, -7.1%
- Omniture, -6.7%
- GSI Commerce, -6.5%
The 25 companies in the Internet Retailer Online Retail Index are: 1-800-Flowers.com Inc., Akamai Technologies, Amazon.com Inc., American Greetings Corp., Art Technology Group Inc., Bidz.com Inc., Blue Nile Inc., CyberSource Corp., DemandTec Inc., Digital River Inc., Drugstore.com Inc., eBay Inc., GSI Commerce Inc., Keynote Systems Inc., LivePerson Inc., Netflix Inc., NutriSystem Inc., Omniture Inc., Overstock.com Inc., PetMed Express Inc., RealNetworks Inc., Shutterfly Inc., Systemax Inc., United Online Inc. (owner of FTD.com) and VistaPrint Ltd.