Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
Groupon, meanwhile, trailed other e-commerce stocks last week.
Daily deal provider Groupon Inc. last week suffered the largest loss in the Internet Retailer Online Retail Index last week with a 36% drop in its stock value compared with the week before. Groupon’s recent 45% jump in revenue in the second quarter was not enough to soothe investor anxiety about the health of the company.
Vitacost.com Inc. meanwhile, came out on top in the index, with a 10% gain. The online retailer of health and wellness products last week reported a 21% year-over-year revenue gain for the second quarter.
Overall the Online Retail Index increased 1.11% last week, beating the broader market. The Dow Jones Industrial Average increased by 0.51% and the Standard & Poor’s 500 Index increased by 0.87% in value last week.
Of the 25 stocks in the Online Retail Index, 16 had increases, while the stocks of seven companies decreased in value, and two were flat.
Following are the best-performing stocks last week in the Online Retail Index and the percentage gain in stock price for each:
• Vitacost, 10.2%
• Vistaprint, 8.7%
• Systemax, 8.6%
• eBay, 6.5%
• Blue Nile, 6.5%
Following are the Online Retail Index stocks that performed least well last week and the percentage decrease in stock price for the week:
• Groupon, -36.2%
• LivePerson, -6.9%
• Bluefly, -4.6%
• U.S. Auto Parts Network, -4.1%
• Coastal Contacts, -3.2%
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.