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  • / E-Retailers

    How Much Is That Merger in the Petstore.com Window?

    E-retail's long-forecast category-by-category consolidation continued today with the announcement that Pets.com will acquire Petstore.com. In connection with the transaction, Pets.com will receive a $3 million cash investment and will issue about 5.8 million shares of its common stock and approximately 850,000 shares of a redeemable non-voting, non-convertible series A preferred stock. Subtracting the $3 million investment from Petstore...

    Posted 01/19/2001Don DavisPost a comment

    E-retail's long-forecast category-by-category consolidation continued today with the announcement that Pets.com will acquire Petstore.com. In connection with the transaction, Pets.com will receive a $3 million cash investment and will issue about 5.8 million shares of its common stock and…

  • / E-Retailers

    Pets.com bites the dust

    The beleaguered online pet store category took another hit today as San Francisco-based Pets.com said it would cease operations, immediately laying off approximately 255 of its 320 employees and announcing plans to sell off the majority of its assets including inventory, distribution center equipment, the sock puppet brand icon and more. A brief message that appeared at the top of the web site`s home page says the company will no longer take...

    Posted 01/19/2001Don DavisPost a comment

    The beleaguered online pet store category took another hit today as San Francisco-based Pets.com said it would cease operations, immediately laying off approximately 255 of its 320 employees and announcing plans to sell off the majority of its assets including inventory, distribution center…

  • Investors put Pets.com to sleep; Garden.com wilts

    Evidence is mounting that retailers need multiple ways for their customers to interact with them and to absorb development and marketing costs if they are going to succeed on the Internet. Just last month two paragons of pure-play Internet retailing-Pets.com and Garden.com-closed. Pets.com laid off 255 of 320 employees and said it will sell the majority of its assets including inventory, distribution center equipment and its sock puppet brand...

    Posted 12/26/2000Don DavisPost a comment

    Evidence is mounting that retailers need multiple ways for their customers to interact with them and to absorb development and marketing costs if they are going to succeed on the Internet. Just last month two paragons of pure-play Internet retailing-Pets.com and Garden.com-closed. Pets.com laid off…

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