China is one of more than 30 countries to which Newegg plans to expand its marketplace in 2017.
The Internet Retailer Online Retail Index dipped 0.93% last week.
Investors expressed their disappointment last week with daily deal provider Groupon Inc.’s fourth-quarter results. Groupon had the largest decrease among the 25 stocks tracked in the Internet Retailer Online Retail Index, falling 13.92% from the week prior.
The daily deal operator’s first earnings release as a public company showed a $42.7 million net loss in the fourth quarter as sales nearly tripled.
Meanwhile, investors liked Akamai Technologies Inc. and its announcement last week it bought Blaze Software Inc. to bolster Akamai’s web services. Akamai lead the index with a gain of 14.30%.
The index’s overall performance was down 0.93% from the week prior, while the Dow Jones Industrial Index fell 0.47% and the Standard & Poor’s 500 Index slipped 0.17%.
Overall, losers outnumbered winners in the Online Retail Index, which tracks 25 publicly traded e-retailers and e-commerce technology providers.
Here are the best-performing stocks last week in the Online Retail Index and the percentage increase in stock price for each:
• Akamai, 14.3%
• Bidz.com, 12.2%
• ValueClick, 6.6%
• Blue Nile, 5.0%
• Systemax, 2.4%
Here are the Online Retail Index stocks that performed least well last week and the percentage loss in stock price for the week:
• Groupon, -13.9%
• U.S. Auto Parts Network, -13.5%
• eGain, -5.4%
• United Online, -5.0%
• Keynote Systems, -4.4%
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., Coastal Contacts Inc., Digital River Inc., eBay Inc., eGain Communications Corp., Groupon Inc., Keynote Systems Inc., LivePerson Inc., Netflix Inc., NutriSystem Inc., Overstock.com Inc., PetMed Express Inc., Shutterfly Inc., Systemax Inc., U.S. Auto Parts Network, United Online Inc. (owner of FTD.com), ValueClick Inc., Vistaprint Ltd and Vitacost.com Inc.