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Amazon.com (Nasdaq: AMZN) and Toys 'R' Us (NYSE: TOY) will launch the next phase of their online alliance as early as this week, when Babiesrus.com becomes part of the Amazon site. Toys 'R' Us spokesman Louis Lipschitz told the E-Commerce Times the change will definitely take place by the end of May....
The future of e-commerce lies with multichannel retailers who leverage their Internet presence to enhance the real-world shopping experience, according to speakers Monday at a retail forum in Chicago hosted by Jupiter Media Metrix "There is very limited room for Internet-only retailers," Jupiter research director Michael May told the E-Commerce Tim...
The booming market for outsourced Internet security services could provide a home for venture capital money previously directed to dot-coms, according to a reportannounced Tuesday by the Yankee Group Yankee analysts spent the last three months of 2000 interviewing andresearching companies that provide so-called "managed security services,"talking t...
PurchasePro (Nasdaq: PPRO) announced Tuesday that its net loss for the quarter was US$14.3 million more than originally reported The Las Vegas, Nevada-based business-to-business (B2B) e-commerce company now says that its net loss, including non-cash charges and amortization of equity-based compensation and goodwill, was $32.4 million for the quarte...
Despite the failure, as detailed in the documentary "Startup.com," of govWorks.com to make paying parking tickets via the Net a dream come true, real-world government agencies are working overtime to make Internet services for motor vehicle registrations and driver licenses a reality According to a report released Monday by Accenture, the number of...
Thousands of online consumers are out millions of dollars, according to a bankruptcy filing by e-tailer CyberRebate.com made May 16th in U.S. bankruptcy court in New York Of the top 20 debtors listed on the bankruptcy filing by CyberRebate, a site that promised rebates of up to 100 percent on its highly overpriced merchandise, nine were individuals...
The short-term outlook for online grocers has dimmed considerably, but the long-range outlook remains promising, according to a study released Monday by Jupiter Media Metrix (Nasdaq: JMXI). Jupiter said it has cut its forecast for online grocery sales for 2001 in half, from US$2 billion to $1 billion, largely due to economic factors and the impair...
Amazon.com (Nasdaq: AMZN) reached beyond retail for the first time Friday, launching a movie-listing site that will be supported by advertising. "In Theaters" will initially be supported by advertising from Buena Vista Pictures, a division of media giant Disney (NYSE: DIS), with other marketing partners invited to join.
A projected shift in online user demographics in the coming years willlikely fuel an even greater boom for the online travel sector, according todata released Thursday by IDC. One of the sector's key drivers will be an explosion in the population with the "time and funds to travel," the firm said....
As dot-com executives continue playing their version of musical chairs, the question many investors are asking now is: what happens whenthe music stops? According to a study released earlier this month by executive placement firm Challenger, Gray & Christmas, dot-com companies claimed more executivedepartures than any other business sector last mo...
Brick-and-click toy store KB Toys announced Friday that it has purchased the Web site, name and logo of defunct toy e-tailer eToys at a bankruptcy auction for approximately US$3.35 million The eToys site currently tells visitors that it is closed and no longer accepting orders, but soon visitors will be automatically redirected to KB Toys' Web site...
To say that George Shaheen got a golden parachute when he dashed out the chief executive officer's door, leaving struggling home grocer Webvan (Nasdaq: WBVN) behind, would be the understatement of the year. The parachute glitters even more when compared to the company's other fortunes. More than 800 people have been laid off from the company, for ...
Brick-and-click grocer PDQuick.com has been acquired by Web delivery venture WhyRunOut.com in an all-cash transaction, WhyRunOut chief executive officer Dan Frahm said Friday. The value of the deal was not disclosed Gartner Group research director Geri Spieler told the E-Commerce Times that acquiring PDQuick and its small subset of brick-and-mortar...
This is the story of a man who fell to earth and landed in a field of cash -- soft, comforting, fortuitous cash His name is George T. Shaheen, and in case I forgot to mention it, he fell with the aid of a parachute. Some might say the parachute was golden....
Business-to-business (B2B) site Egarden.com has closed, its parent company U.S. Home & Garden (Nasdaq: USHG) announced Wednesday "The decision to discontinue the operations of Egarden's lawn and garden Web site, although a difficult one, was necessary given the challenging market conditions confronted by many e-commerce businesses today and the unl...
Three out of every four partnerships linking a brick-and-mortar retailer with an e-commerce player in the past four years has been successful, according to a study released Thursday by McKinsey & Company. In fact, McKinsey, which looked closely at 700 deals announced since 1997, found that so-called e-alliances involving online firms are more like...
Most consumers, when faced with the task ofcomparison shopping for a desired item, do not havetime to run all over town looking to save a few dollars Still, saving money is important to most consumers, andthat's where the Internet was supposed to fill thegap. Where real-world shoppers feel a shortage of time and energy, e-shoppers are supposed to g...
As the Web becomes an increasingly global marketplace, U.S. based companies will need to create multicultural, multilingual Web sites in order to compete, according to a report released Thursday by Aberdeen Group The report, "Web Globalization: Write Once, Deploy Worldwide," found that some big companies are already taking steps to "globalize" thei...
Dashing cold water on recent encouraging news for the e-tail sector, the U.S. Department of Commerce reported Wednesday that online retail sales in the United States fell by 19.3 percent during the first quarter of 2001 During the quarter, online retailers posted $6.99 billion in sales, down from $8.67 billion in the fourth quarter of 2000. The dec...
Urban delivery e-tailer Webvan said Wednesday that it will pay former chief executive officer George T. Shaheen US$375,000 per year for the rest of his life as part of a supplemental retirement package negotiated before Shaheen began his employment with the company According to Webvan spokesperson Bud Grebey, Shaheen's monthly payments will consist...
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