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/ E-Retailers
Securing the domain name Toys.com was not child’s play for Toys ‘R’ Us
Obtaining what some experts call a “category-killer” URL was serious business for the toy retailing giant. It purchased the domain name from The Parent Company during that company’s bankruptcy auction for $5.1 million, a consulting firm reports.
Posted 03/18/2009Mark BrohanPost a comment
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/ E-Retailers
It’s game over for KB Toys stores, but business as usual online
For the second time in four years KB Toys Inc. is filing for bankruptcy and closing stores. It remains business as usual for KBToys.com, which is operated under a long term licensing agreement by The Parent Co.
Posted 12/12/2008Katie DeatschPost a comment
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/ E-Retailers
The Parent Co. adopts international markets
The Parent Co. will push its three top brands into international markets this holiday shopping season. EToys, BabyUniverse and My Twinn will target 34 countries, including Canada and most of Europe.
Posted 08/13/2008Bill BriggsPost a comment
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/ Technology
The Parent Co. plans a new toys shopping portal just in time for Christmas
With $25 million in new financing, The Parent Co. is looking for new ways to diversify, beginning with toys. Up next for Christmas: Toys.com, a toys comparison shopping and content site.
Posted 07/16/2008Mark BrohanPost a comment
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/ E-Retailers
The Parent Co. posts bigger sales and narrower loss in the first quarter
The Parent Co., the organization formed from the merger of eToys Direct and BabyUniverse in October, posted a net loss of $6.4 million on sales of $9.9 million, compared with a net loss of $6.7 million on revenue of $7.3 million in the prior year.
Posted 06/18/2008Mark BrohanPost a comment
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/ E-Retailers
BabyUniverse reports third quarter 2007 sales dipped 1.8%
BabyUniverse reports third quarter 2007 sales of $16.2 million down 1.8% from $16.5 million in the same quarter last year. The company will change its name to The Parent Co. in the fourth quarter, following its merger with eToys Direct.
Posted 12/19/2007Mark BrohanPost a comment
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/ Technology
BabyUniverse and eToys pick a date
BabyUniverse and eToys Direct shareholders will meet Oct. 12 to vote on the merger. If approved, eToys shareholders would own about two-thirds of outstanding shares.
Posted 10/03/2007Bill BriggsPost a comment
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/ E-Retailers
BabyUniverse and eToys reveal post-merger plans
EToys Inc. CEO Michael Wagner will serve as chief executive of the combined company, while Baby Universe CEO John C. Textor will function as chairman. The company will be headquartered in Denver.
Posted 09/12/2007Mark BrohanPost a comment
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/ E-Retailers
BabyUniverse’s revenue slips as the company focuses on merger with eToys
Net revenue in the first half at BabyUniverse slipped 11% to $16 million from $18 million a year earlier, the company reported today. Net loss in the first half more than doubled to $3.7 million from $1.4 million.
Posted 08/14/2007Kurt PetersPost a comment
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/ E-Retailers
Staples founder targets multi-channel companies with $300 million fund
Tom Stemberg will lead a new fund at venture capital firm Highland Capital Partners. Focus will be on consumer-facing multi-channel companies, including retailers.
Posted 07/09/2007Kurt PetersPost a comment
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