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Welcome to the new IRNewsLink Financials
Welcome to the new monthly IRNewsLink Financials newsletter. Understanding the financial performance of retailers and the technology and services providers who serve them has never been more important than in today’s economy. With this new monthly edition of IRNewsLink, readers can follow key financial and operations metrics. Included in this report are charts and articles that summarize the monthly activity of retailers’ web sales, the financial performance of key vendors, new equity deals, recent mergers and acquisitions, and Internet Retailer’s new stock index.
Web sales continue to increase
Internet retailers continue to grow sales both on a quarterly and an annual basis. The combined quarterly sales of 17 web retailers that broke out sales in January and early February grew by 14.1% to $8.25 billion in 2008 from $7.23 billion in the comparable quarter in 2007. The combined annual sales of 14 retailers grew by 24.6% to $23.04 billion in 2008 from $18.49 billion in 2007.
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Retailers
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Company name
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Period
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Recent sales (millions)
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Year ago sales (millions)
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Change
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Q2
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$230.10
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$274.20
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-16.1%
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Q4
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$6,700
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$5,670
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18.2%
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FY
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$19,170
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$14,840
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29.2%
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Q4
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$32.00
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$26.70
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19.9%
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FY
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$119.00
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$102.00
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16.7%
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Q4
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$16.00
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$10.00
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60.0%
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FY
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$50.00
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$32.50
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53.8%
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Q4
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$93.94
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$91,30
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2.9%
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FY
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$366.60
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$339.30
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8.0%
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Q4
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$67.80
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$65.90
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2.9%
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FY
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$165.00
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$144.00
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14.6%
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Q3
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$24.70
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$25.40
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-2.8%
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Q1
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$23.00
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$14.80
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55.4%
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Q4
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$359.60
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$302.40
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18.9%
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FY
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$1,360
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$1,200
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13.3%
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FY
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$18.50
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$21.10
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-12.3%
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Q4
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$255.90
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$294.50
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-13.1%
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FY
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$834.40
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$765.90
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8.9%
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Q3
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$28.60
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$24.40
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17.2%
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Q4
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$107.70
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$97.50
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10.5%
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FY
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$213.50
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$186.70
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14.4%
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Q4
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$10.10
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$19.00
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-46.8%
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FY
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$47.60
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$79.70
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-40.3%
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Q4
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$28.90
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$64.00
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-54.8%
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FY
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$134.70
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$223.40
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-39.7%
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Q4
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$79.00
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$65.60
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20.4%
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FY
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$245.20
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$185.10
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32.5%
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Q4
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$45.40
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$69.80
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-35.0%
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FY
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$180.80
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$250.20
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-27.7%
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Q2
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$138.90
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$105.00
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32.3%
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Q4
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$34.40
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$24.50
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45.7%
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FY
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$126.50
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$87.80
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40.0%
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*Sales are in U.S. Dollars
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Quarterly vendor sales grow slightly
The combined quarterly sales of 11 companies in January and early February grew by just 0.6% to $21.12 billion in 2008 from $20.99 billion in 2007. The combined annual sales of 10 vendors grew by 11% to $84.40 billion in 2008 from $76.03 billion in 2007.
Service & technology providers
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Company name
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Period
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Recent sales (millions)
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Year ago sales (millions)
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Change
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Q4
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$45.40
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$39.30
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15.5%
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FY
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$164.60
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$137.10
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20.1%
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Q4
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$62.30
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$45.40
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37.2%
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FY
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$229.00
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$117.00
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95.7%
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Q4
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$95.90
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$96.90
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-1.0%
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FY
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$394.20
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$349.30
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12.9%
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Q4
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$2,040
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$2,180
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-6.4%
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FY
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$8,540
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$7,670
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11.3%
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Q4
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$5,700
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$4,830
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18.0%
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FY
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$21,800
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$16,600
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31.3%
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Q4
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$391.40
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$335.10
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16.8%
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FY
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$966.90
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$750.00
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28.9%
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Q4
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$106.20
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$98.50
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7.8%
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FY
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$390.30
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$373.60
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4.5%
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Q1
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$20.60
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$17.70
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16.4%
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Q4
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$19.60
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$16.77
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16.9%
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FY
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$74.65
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$52.22
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43.0%
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Q4
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$41.40
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$31.70
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30.6%
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FY
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$152.50
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$108.50
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40.6%
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Q4
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$83.00
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$43.10
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92.6%
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FY
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$296.00
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$143.00
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107.0%
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FY
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$300.00
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$261.20
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14.9%
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Q4
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$36.10
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$30.70
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17.6%
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FY
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$140.40
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$112.10
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25.2%
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Q4
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$12,700
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$13,390
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-5.2%
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FY
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$51,490
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$49,690
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3.6%
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Q4
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$247.00
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$221.70
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11.5%
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FY
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$961.73
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$847.50
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13.5%
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 Rising Above - Not Just Surviving -
The Economic Storm
The Internet Retailer 2009 Conference & Exhibition, America's Fastest Growing Show *, will be held June 15-18, 2009 at the Boston
Convention & Exhibition Center. IRCE 2009 is devoted to the strategies and tools that e-retailers can use to thrive in a recession. It draws e-retailers from all channels with the most comprehensive conference agenda and the largest display of e-retailing technology. Hear 179 E-Retail Pros in 94 conference sessions, visit 350 exhibiting companies and network with 5,000 E-Retailers.
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The bottom line on recent equity deals
Despite the economy and the beleaguered stock market, some investors are finding places to invest capital in the online retailing market. In January and early February, five new equity deals totaling $56.4 million were closed.
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Equity Deals
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Company
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Investor
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Amount
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Purpose
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SmithCo Investments
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$3 million
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Expand sales and software portfolio
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Omidyar Network
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$4 million
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Product improvement
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Investor Growth Capital and GF Private Equity Group
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$6 million
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Expand technical staff, customer support and marketing.
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Castile Ventures
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$10 million
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General expansion
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USAA, Capricorn Investment Group, GRP Partners, Anthem Venture Partners
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$37.4 million
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General expansion
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Vendors and retailers make some acquisitions to grow market share
Application developers, service providers, retailers and others continue to make acquisitions to grow market share, with four deals announced in the early part of the year. The exception was GSI Commerce, which called off its planned acquisition of Innotrac Corp.
Mergers and acquisitions
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Company
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Transaction
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Purchase price
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Definitive agreement to acquire Interwoven Inc.
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$775 million
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Definitive agreement to acquire Connect3 Systems Inc
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Undisclosed
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StoreFront.net
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Undisclosed
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Called off merger with Innotrac Corp.
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GSI would have paid cash and stock and assumed $61.9 million of debt
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Definitive agreement to acquire Manufacturer.com
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Undisclosed
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Definitive agreement to acquire eToys.com and two other properties
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Undisclosed
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Online retail stocks outperform broader market since first of year
Since the first of the year, the Internet Retailer Online Retail Index of 25 e-commerce stocks has increased 1.1%, while the Dow Jones Industrial Average is down 9.5% and the S&P 500 Index down 7.7%. Leading the way among the e-commerce stocks tracked by the Online Retail Index is Interwoven, a provider of content management technology and site design services, whose stock price is up 27% for the year, through the market close on Wednesday.
Conversions bloom at ProFlowers, Nielsen Online says
In December, ProFlowers came out smelling nicely in the conversions category for retailer web sites, ranking No. 1, according to the Nielsen Online MegaView Report.
Coldwater Creek had the hottest web site availability in January
ColdwaterCreek.com at 99.58% posted the best high broadband rating among big web retailers in January, says Gomez. ColdwaterCreek.com was followed by TigerDirect.com and Zappos.com at 99.50% and 99.39%, respectively.
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Performance
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URL
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High broadband availabilty now
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High broadband availability one year ago
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ColdwaterCreek.com
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99.58%
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99.39%
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TigerDirect.com
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99.50%
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98.59%
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Zappos.com
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95.39%
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99.42%
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CompUSA.com
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99.38%
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99.12%
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FootLocker.com
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99.36%
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99.45%
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Macys.com
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99.36%
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99.57%
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QVC.com
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99.35%
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99.26%
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Newegg.com
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99.33%
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99.21%
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Chadwicks.com
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99.30%
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99.32%
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Saks.com
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99.24%
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99.44%
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FTD.com
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99.23%
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98.53%
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Quixtar.com
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99.23%
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99.04%
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Buy.com
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99.13%
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99.30%
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HPShopping.com
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99.12%
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98.91%
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Overstock.com
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99.12%
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99.12%
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Netflix.com
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99.08%
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99.15%
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OfficeDepot.com
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99.04%
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98.81%
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NeimanMarcus.com
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99.00%
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99.34%
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Sears.com
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99.00%
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99.39%
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HSN.com
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98.99%
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99.08%
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BlueNile.com
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98.93%
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99.42%
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HomeDepot.com
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98.93%
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99.36%
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Staples.com
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98.92%
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99.11%
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Drugstore.com
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98.91%
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99.27%
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LLBean.com
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98.91%
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99.54%
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Average
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98.14%
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99.14%
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Source: Gomez Inc.
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Upcoming Industry Events
Predictive Analytics World
February 18 - 19, 2009
DRTV Management Boot Camp: Customer Acquisition
February 18 - 20, 2009
Business Executive Summit: Opportunistic Strategies for Winning in Tough Economic Times
February 18 - 20, 2009
Internet Retailer Contacts:
To submit news and press releases send to irp@verticalwebmedia.com.
For information about advertising in IRNewsLink click here.
For Current Advertising Opportunities click here.
To subscribe to Internet Retailer Publication print or Digital Edition click here.
For information about IRCE click here.
For general inquiries click here or call 312-362-0107.
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Copyright 2009 Vertical Web Media LLC
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