The manufacturer and retailer is upgrading its inventory management and supply chain systems to prepare for a global network of e-commerce sites.
The Internet Retailer Online Retail Index slides 3.7% for the week.
Winners were hard to find in the Internet Retailer Online Retail Index last week, as only three of the 25 index stocks advanced.
The Online Retail Index fell 3.70% during a rough week on Wall Street that left the Dow Jones Industrial Average down 1.34% and the Standard & Poor’s 500 Index 1.72% lower. For the year, the Dow is up 9.2%, the S&P 500 6.6% and the Online Retail Index 6.1%.
Among the few bright spots in the Online Retail Index last week was digital marketing services provider ValueClick, operator of the Commission Junction affiliate network and other web properties, which advanced 7.1% after reporting a 22% year-over-year gain in first quarter revenue. Amazon.com, No. 1 in the Internet Retailer Top 500 Guide, eked out a 0.9% gain and Akamai Technologies, whose stock plummeted last week despite a 15% Q1 earnings gain, bounced back this week to gain 0.5%.
Among the biggest losers of the week were live chat technology provider LivePerson, which disappointed investors with its earnings outlook, and Blue Nile, whose sales slumped Friday, a day after the e-retailer reported 8.3% sales growth in the first quarter.
Here are the best-performing stocks last week in the Online Retail Index and the percentage change in stock price for each:
• ValueClick, 7.1%
• Amazon, 0.9%
• Akamai, 0.5%
• Drugstore.com, 0.0%
Here are the Online Retail Index stocks that performed least well last week and the percentage drop in stock price for the week:
• LivePerson, -17.3%
• Blue Nile, -9.3%
• Shutterfly, -9.2%
• U.S. Auto Parts Network, -8.9%
• Bluefly, -8.8%
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.