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Garden.com (Nasdaq: GDEN) became the latest addition to the ongoing dot-com casualty list Wednesday when the company announced a phased shutdown of its e-tail operations. The Austin, Texas-based firm plans to sell its consumer business assets, including its product inventory, URLs, online gardening tools, content andphoto library, as well asbegin ...
Concerns over e-commerce, free trade, and the still-undecided U.S. presidential election highlighted the first day of the annual two-day Asia-Pacific Economic Cooperation (APEC) summit, which began Wednesday in Bandar Seri Begawan, Brunei Although the economies of the 21 APEC nations -- ranging from suchdeveloping nations as Peru, Thailand and Mala...
Despite a slow start to this year's online holiday season, a pair of new reports suggeststhat online sales could top last year's level by 100 percent E-tailers "have reason to be hopeful," according to consulting firm PricewaterhouseCoopers, which predicts fourth-quarter e-commerce will reach US$10.2 billion, up from $5.2 billion in the same period...
The Amazon Marketplace, through which visitors to the e-commerce bellwether can sell used items to other customers, has sparked outrage among writers and publishers who feel that the blending of new and used books will be costly to their bottom line Although Amazon has been selling used books through its zShops and auctions for some time, the new f...
As e-tailers grapple with trying to make their Web sites easier and easier for online visitors to use, a disconcerting question is coming to the fore: How dull do you have to be to shop online? Yes, simplicity is important. All things being equal, customers will certainly choose an easier-to-use Web site over a harder one.
Despite the ongoing dot-com shakeout and the common perception that Latin America is not ready for e-commerce, a new report released by Greenfield Online reveals that Mexican Internet users are buying goods on the Web in increasing numbers According to the data, 36 percent of the survey's respondents reported making an online purchase in the previo...
High-profile Internet entertainment company Scour.com said Tuesday that it will shut down its controversial multimedia file-sharing and searching network within 48 hours in an effort to resolve pending litigation and smooth the progress of its assets sale in U.S. Bankruptcy Court in Los Angeles "We believe our unilateral decision to take down the e...
Further fortifying its holiday e-tail offerings, America Online (NYSE: AOL) unveiled a luxury shopping section of Shop@AOL Wednesday AOL said the upscale shopping area will be anchored by Instyle.com, the online wing of fashion magazine InStyle, which will provide editorial content, offer links to individual shops, and recommend purchases in severa...
A new report released Tuesday by PC Data Online shows that traditional and catalog retailers are beginning to flex considerable muscle in today's super-competitive e-tail space As part of its "Top 20 Buying Meter Report" for October, the Reston, Virginia-based research firm found that Amazon.com retained its top ranking among online vendors for the...
Representing yet another setback for the Internet's largest e-tailer, Forrester Research announced Wednesday that Express.com, formerly DVDExpress, has edged out Amazon.com for the title of top online movie seller Express.com achieved a PowerRanking of 70.33 to finish just ahead of Amazon (69.56). Rounding out the top five were 800.com (62.71), Buy...
CoolSavings.com, Inc. (Nasdaq: CSAV) fell 1/8 to 1 1/8 Monday after announcing an expected loss for the fourth quarter of 21 to 22 cents per share before extraordinary items Revenue for the quarter will likely total US$12 million to $13 million for the quarter ending in December, up from $6.7 million in the year-earlier quarter. The loss before non...
FreeMarkets, Inc. (Nasdaq: FMKT) rose 11/16 to 41 3/8 early Tuesday after the company, which operates online marketplaces for businesses, said it will bring its services to the Japanese market through a joint venture with Mitsubishi Corp The letter of intent calls for the Japanese trading company to "invest significant capital" in the venture, whic...
MarchFIRST, Inc. (Nasdaq: MRCH) ticked up 13/32 to 4 5/16 early Tuesday after the online consulting company said it will cut about 1,000 jobs, or 10 percent of its workforce, as part of a plan to cut costs The layoffs will save about US$100 million each year, beginning in 2001, marchFIRST said. The company said the workers being laid off are "under...
WebMD Corp. (Nasdaq: HLTH) was down 3/4 at 9 3/8 early Tuesday after the online health company missed analysts' estimates for the third quarter Revenue for the quarter rose to US$151.2 million from $28.7 million a year earlier, the Atlanta, Georgia-based company said. The loss before charges totaled $44.9 million, or 27 cents per share, compared wi...
Just one day after the U.S. Postal Rate Commission recommended a 1-cent boost in the price of first-class stamps for traditional mail, Stamps.com said Tuesday it has the commission's endorsement to create a reduced rate for first-class mail sent using Internet postage "This recommendation is a huge vote of confidence for the emerging Internet posta...
E-commerce will transform international trade into a US$1.4 trillion online export market by 2004, according to a new report released Monday by Forrester Research. The report also predicts that 23 percent of all U.S. exports will be conducted online in four years Not all countries will share equally in the wealth generated by e-commerce, however. W...
Every technology-aware being -- plus the U.S. courts -- agrees that Microsoft dominates the software business In the consumer and business office suite markets, Sun Microsystems' free, online Star Office distribution doesn't seem to have made a dent, despite its sophistication and interoperability with Microsoft's Office package. Aside from Star Of...
Internet grocer Streamline.com announced Monday that is winding down its operations after failing to secure an infusion of capital or find a buyer to acquire the troubled company The Westwood, Massachusetts-based firm, which delivers groceries and similar consumer products, said it plans to discontinue all services by November 22nd. Founded in 1993...
CMGI, Inc. (Nasdaq: CMGI) said Monday it will "exit" the entertainment portal and advertising-supported Internet access business by jettisoning its iCAST and 1stUp subsidiaries As a result, CMGI said it expects restructuring charges of US$8 million to $10 million for the first quarter ended October 31st, followed by another $75 million to $80 milli...
The British government announced Monday a US$35.7 million program to create an elite team of Internet cops to crack down on cybercrime The money is being spent as part of an effort to "make the UK one of the best and safest places in the world to conduct and engage in e-commerce," according to the Home Office -- the UK government department for suc...
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