Alibaba’s Tmall Global now features goods from 14,500 overseas brands, 80% of them selling in China for the first time.
But others in the Internet Retailer Online Retail Index don’t fare as well.
A deal that would turn online jeweler and auction site Bidz.com Inc. into a privately held company led investors to bid up the e-retailer’s stock price last week. It led all winners in the Internet Retailer Online Retail Index with a 26.7% gain over the previous week.
The buyer, Glendon Group Inc., would pay 78 cents per share for Bidz.com, No. 205 in the Internet Retailer Top 500 Guide, a 59.2% premium over the Bidz.com May 16 closing price of 49 cents. The deal was announced May 17. Bidz.com expects the acquisition to close in the fourth quarter.
A Securities and Exchange Commission filing about the deal says Kia Jam is CEO of the Glendon Group. Jam is listed on IMDB.com as president of K. Jam Media, a film production company. In addition to operating its namesake e-commerce site, Bidz.com also owns Modnique.com, which offers designer apparel, accessories, shoes and housewares to registered members on the site during scheduled sales events.
According to the Top 500 Guide, Bidz.com had $79.0 million in 2011 e-commerce sales, down 19.4% from $98.0 million in 2010.
The Online Retail Index tracks 25 publicly traded e-retailers and e-commerce technology providers. The majority of index stocks—18—had losses for the week, while five gained value and two, Bluefly Inc. and LivePerson Inc., were flat.
Overall, the Online Retail Index decreased 2.25% last week, a shallower decline than the broader market. The Dow Jones Industrial Average decreased 3.52% and the Standard & Poor’s 500 fell 4.30% last week.
Following are the best-performing stocks last week in the Online Retail Index and the percentage change in stock price for each:
• Bidz.com, 26.7%
• Groupon, 17.0%
• Vitacost, 2.5%
• U.S. Auto Parts Network, 1.9%
• Blue Nile, 1.5%
Following are the Online Retail Index stocks that performed least well last week and the percentage loss in stock price for the week:
• eGain, -17.9%
• Shutterfly, -10.7%
• Overstock, -10.1%
• Netflix, -9.6%
• Akamai, -8.7%
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.