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/ E-Retailers
Webvan news: No more Atlanta, revenue is up, new CEO, reverse stock split
Webvan sales grew to $77.2 million in the first quarter from $37.5 a year ago. But it pulls out of Atlanta, leaving seven markets where it still operates.
Posted 04/26/2001Kurt PetersPost a comment
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/ E-Retailers
WebVan CEO George Shaheen resigns
After WebVan’s poor results, released in its annual report released earlier this month, George T. Shaheen has resigned, saying “a different kind of executive is needed to lead the company.
Posted 04/16/2001Kurt PetersPost a comment
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/ E-Retailers
Webvan’s founder breaks final ties with the company
Louis H. Borders, founder of Webvan, has resigned from the board of directors for personal reasons.
Posted 02/14/2001Kurt PetersPost a comment
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/ E-Retailers
Webvan Puts Home Grocer In Its Shopping Cart
Webvan Group Inc. has acquired HomeGrocer.com Inc., its rival online grocery service, in a transaction valued at approximately $1.2 billion. The deal, called a merger, unites two of the leading online retailers that have personalized delivery capabilities. The combined company, which will operate under the name Webvan Group Inc., is expected to extend Webvan's market reach to a total of 13 U.S. metropolitan areas by the end of 2000. Webvan,...
Posted 01/19/2001Don DavisPost a comment
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Webvan Plugs in Electronics
Following moves earlier this year to expand its offerings to include books and videos as well as groceries, Webvan is adding consumer electronics to its inventory. Analysts say the retailer needs to keep adding new revenue sources to bring its costly and highly automated fulfillment operations to profitability. The e-retailer currently operates in two markets-the San Francisco Bay Area and Atlanta-and plans to enter more than 20 others, at an...
Posted 01/19/2001Don DavisPost a comment
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Webvan adopts new measures in its efforts to hang on
Webvan is changing its delivery fees and pleading with customers to buy more.
Posted 05/31/2001Internet RetailerPost a comment
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