Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
The Online Retail Index gained 0.66% last week.
Kiva sells robotic warehouse technology that automates much of the fulfillment process. Kiva’s robots use software that instructs them how to find ordered products on portable racks and bring them to warehouse pick-and-pack stations.
Overall, the Online Retail Index increase of 0.66% last week bested the broader market. The Dow Jones Industrial Average decreased 1.15% and the Standard & Poor’s 500 decreased 0.50% last week.
The Online Retail Index tracks 25 publicly traded e-retailers and e-commerce technology providers.
Following are the best-performing stocks last week in the Online Retail Index and the percentage increase in stock price for each:
• Netflix, 9.7%
• Amazon, 7.7%
• Bluefly, 6.1%
• United Online, 4.8%
• Overstock, 4.2%
Following are the Online Retail Index stocks that performed least well last week and the percentage loss in stock price for the week:
• Bidz.com, -12.9%
• Groupon, -5.9%
• NutriSystem, -5.7%
• Coastal Contacts, -4.1%
• Keynote Systems, -2.1%
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.
The IRCE $200 early-bird discount expires March 31!