Alibaba’s Tmall Global now features goods from 14,500 overseas brands, 80% of them selling in China for the first time.
The Internet Retailer Online Retail Index rises 1.27% for the week, ahead of the market.
There were no April showers raining on e-commerce stocks’ parade last week, as the Internet Retailer Online Retail Index gained 1.27%, well ahead of the broader market.
By comparison, the Dow Jones Industrial Average inched up 0.03%, and the Standard & Poor’s 500 Index fell .25% last week.
Keynote Systems, which measures the performance of Internet and mobile sites, was the big gainer last week, moving up nearly 17%. Online auto parts retailer U.S. Auto Parts Network was the biggest loser, falling 4.4%.
Among the 25 stocks of e-retailers and e-commerce technology providers tracked in the Online Retail Index, 13 advanced and 12 lost ground this week.
Here are the best-performing stocks last week in the Online Retail Index and the percentage gain in stock price for each:
• Keynote Systems, 16.9%
• ValueClick, 8.8%
• Blue Nile, 6.6%
• Bluefly, 5.8%
• LivePerson, 5.0%
Here are the Online Retail Index stocks that performed least well last week and the percentage drop in stock price for the week:
• U.S. Auto Parts Network, -4.4%
• RealNetworks, -4.3%
• Bidz.com, -3.5%
• Overstock, -3.2%
• Netflix, -3.0%
The 25 companies in the Internet Retailer Online Retail Index are: 1-800-Flowers.com Inc., Akamai Technologies, Amazon.com Inc., American Greetings Corp., Bidz.com Inc., Blue Nile Inc., Bluefly Inc., DemandTec Inc., Digital River Inc., Drugstore.com Inc., eBay Inc., GSI Commerce Inc., Keynote Systems Inc., LivePerson Inc., Netflix Inc., NutriSystem Inc., Overstock.com Inc., PetMed Express Inc., RealNetworks Inc., Shutterfly Inc., Systemax Inc., U.S. Auto Parts Network, United Online Inc. (owner of FTD.com), ValueClick Inc. and Vistaprint Ltd.