Alibaba’s Tmall Global now features goods from 14,500 overseas brands, 80% of them selling in China for the first time.
The online marketplace led the Internet Retailer Online Retail Index last week.
EBay Inc.’s stock price last week jumped 12%, as the online marketplace reported a 23% increase in year-over-year revenue and a 16% rise in net income. EBay’s stock closed at $44.85 on Friday.
That made eBay the top performer last week in the Internet Retailer Online Retail Index, which tracks 25 publicly traded e-retailers and e-commerce technology providers. Overall, the Online Retail Index was flat week over week with a 0.24% increase. The Dow Jones Industrial Average and the Standard & Poor’s 500 advanced 0.36% and 0.43%, respectively.
Of the 25 stocks in the index, 11 had increases last week, while the stocks of 14 companies decreased in value. Web-only retailer Overstock.com Inc., which reported a 2% increase in sales in the second quarter, was also among the e-commerce winners.
Following are the best-performing stocks last week in the Online Retail Index and the percentage gain in stock price for each:
• eBay Inc., 12.3%
• Overstock.com Inc., 11.0%
• Bluefly Inc., 7.0%
• VistaPrint Ltd., 5.5%
• Amazon.com Inc., 5.4%
Following are the Online Retail Index stocks that performed least well last week and the percentage decrease in stock price for the week:
• U.S. Auto Parts Network, -10.0%
• Vitacost.com Inc., -8.8%
• Groupon Inc., -5.0%
• Netflix Inc., -3.6%
• LivePerson Inc., -2.6%
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.