They don’t appeal to me in the slightest, however, they obviously do to many.
June 3, 2009
I have a position in NTRI, one of flip-flop-fly’s hot stocks prior to the stockmarket crash in 2008. Anyway, it hasn’t been doing too much recently until the other day, rising 10%+ on the day. Here is the reason why [possibly]
Wednesday, June 03, 2009 09:00 ET
Weight Loss Leader Ranks in Top 50 of 500 Most Successful Retail Websites
HORSHAM, Pa., June 3 /PRNewswire-FirstCall/ — Nutrisystem, Inc. (Nasdaq: NTRI), a leading provider of weight management products and services, announced today that Nutrisystem.com has been ranked #1 in Internet Retailer’s Food/Drug Category and #46 in the top 500 retail websites. The prestigious #1 spot in each category is awarded to the top performing website in its specialty and this is Nutrisystem’s first appearance in Internet Retailer’s Annual Top 500 Guide.
Internet Retailer’s Top 500 Guide is the definitive report on ecommerce websites. The annual guide features directory profiles and ranks the 500 largest e-retailing businesses based on annual online revenues. The guide features some of the most respected and successful ecommerce giants on the internet including Amazon, Apple and Dell.
Internet Retailer praises the Nutrisystem.com website for its usability, flow and information architecture. In addition, Nutrisystem.com is applauded for its ability to effectively address men and women through celebrity testimonials and customer experiences.
“It is an immense honor to be included in Internet Retailer’s Top 500 Guide and to earn the number one ranking among such strong contenders,” said Joe Redling, Nutrisystem’s Chairman and CEO. “With our newly redesigned site, we expect continued improvement in our ecommerce efforts and remain committed to serving our customers’ needs via the web.”
In January 2009, Nutrisystem debuted a redesigned ecommerce site, which is a one-stop resource to support their customers in achieving weight loss success. Nutrisystem customers enjoy free membership, and have access to a robust suite of tools; weight loss information resources, menu planners and meal customization. Nutrisystem customers can interact with a community of more than 4 million passionate peers who support and inspire each other with their weight loss tips and success stories.
“Nutrisystem.com is the passion of a talented group of ecommerce professionals, who have strong track records at some of the most successful and popular ecommerce sites, including AOL, 1-800-Flowers, and Match.com,” said Monica Woo, Executive Vice President of Ecommerce and Chief Marketing Officer of Nutrisystem. “Support and information are important to our customers’ weight loss success. To that end, we offer free proprietary tools such as The Mindset Makeover(TM) guide which is designed to help our customers assess their weight loss needs, set, and achieve their goals.”
With a new, advanced customer interface, it is easier than ever for Nutrisystem customers to order their weight loss solutions. With just one click, customers can receive nutritional information, learn more about the science behind Nutrisystem, get a list of ingredients, and create online meal planners.
Nutrisystem customers can choose from up to 170 restaurant-style menu items, including new fresh frozen meals such as Gourmet Pizza, Shrimp Alfredo, Portobello Mushroom Beef Tips and even ice cream, all delivered right to the customer’s door. Shipping is free for customers on auto-delivery within the continental United States.
Nutrisystem customers receive 24/7 support through free phone counseling with trained weight loss coaches, as well as free membership to Nutrisystem.com. Weight loss with Nutrisystem is easy, as there is no counting calories, carbohydrates, or points and no need to visit a center for weigh-ins.
To learn more about Nutrisystem or to become a customer, visit http://www.nutrisystem.com or call 1-877-681-THIN (8446).
About Nutrisystem, Inc.
Nutrisystem, Inc. (Nasdaq: NTRI) is a leading provider of weight management products and services. Nutrisystem is sold direct to the consumer through nutrisystem.com for convenient home delivery. The company offers proven nutritionally balanced weight-loss programs designed for women, men, and seniors, as well as the new clinically tested Nutrisystem D plan, formulated specifically to help overweight people with type 2 diabetes lose weight. The Nutrisystem program is based on 35 years of nutrition research and offers a variety of great tasting, satisfying high-fiber, heart healthy, good carbohydrate meals that are low on the Glycemic Index and contain zero trans fats. Nutrisystem is hundreds of dollars cheaper than other weight loss programs, based on an independent survey by National Business Research Institute (October 2008). The program has no membership fees and provides 24/7 weight management support by trained weight loss coaches and online weight management tools free of charge. In 2009 Nutrisystem was selected as the #1 overall online retailer in the Food and Drug category and #46 out of the top 500 online retailers overall by Internet Retailer Magazine. For more information or to become a customer visit http://www.nutrisystem.com or call 1-877-681-THIN (8446)
SOURCE Nutrisystem, Inc.
June 3, 2009
Online e-commerce has weathered the economic storm slightly better than traditional retail. This combined with their much more competitive cost structure, has maintained their profitability.
Collins Stewart analyst Sandeep Aggarwal this morning upped his rating on eBay (EBAY) to Buy from Hold, with a price target of $23. His thesis is that the company is showing signs of a turnaround in its core Marketplace business.
“Though eBay still has a long way to go, the signs we have seen so far are extremely encouraging,” he writes. His case:
The company has improved its search for the best match favoring merchants with higher seller ratings.
It is “dramatically increasing” penetration for free shipping by offering incentives.
Standing behind buyers using PayPal in case of fraud/legitimate returns.
Increasing selection by implementing fee structure changes.
He contends these changes translate to higher listing conversions, growth in gross merchandise value higher than listings growth, higher realized dollar value per listing and more satisfied buyers and sellers.
Aggarwal upped his 2009 EPS estimate by a penny to $1.47. For 2010, he now sees $1.71, up from $1.62.
The Street appears unconvinced: EBAY today is down 24 cents, or 1.3%, to $17.72.
eBay, after the departure of Meg Whitman, who stirred up huge seller resentment through her policies, and somewhat questionable acquisitions [Skype] under new management has caught an upgrade. eBay along with AMZN, is one of the dot.com survivors.
I’ve been meaning to have a closer look at this sector for a little while now, but was distracted.