/ E-Retailers

Pets.com Barks Up IPO Tree

Online pet-supply retailer (www.pets.com) Pets.com says it aims to raise as much as $100 million in an initial public offering. The company plans to use the proceeds for operating losses, working capital, capital expenditures and general corporate expenses, including brand-building. Since opening in February, the company had $619,000 in revenue through Sept. 30, with net losses of nearly $19.4 million. The retailer recently announced plans to...

Posted 01/19/2001Don DavisPost a comment

/ 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

/ Technology

Pets.com Wags Tail At Broadbase

Broadbase Software Inc., Menlo Park, Calif., a provider of customer-centric analytic and e-marketing applications, says that online pet supply retailer Pets.com has adopted the Broadbase application suite as the basis of its strategy to integrate multiple data sources and create "actionable" information on consumers. Pets.com will use Broadbase to understand its customers' shopping preferences, it says. Broadbase Software applications power...

Posted 01/19/2001Don DavisPost a comment

Online rebater rolls

Ebates.com, a shopping portal that gives consumers up to 25% cash back on purchases from various sites, reports it has more than doubled its merchant base. The San Francisco company says it has signed up more than 200 e-merchants in 17 categories. Retailers new to the site include TowerRecords.com, FrenchToast.com, pets.com, FlowerFarm.com and furniture.com. Brooks Brothers, Amazing Baskets, Planet Outdoors, MotorcycleUSA, Golf Shop 2000, Prime...

Posted 01/19/2001Don DavisPost a comment

Dot-coms decamp for cheaper digs

Faced with marketplace struggles that have become a common story at dot-com start-ups-boiling down to losses in the tens of millions-Pets.com took some of the usual steps to plug a leaky bottom line. It pushed through an IPO. It lured more customers to its sites with steep discounts. And it moved some low-tech operations to central Indiana. In September, the company said it would move most of its customer service operation out of pricey San...

Posted 12/26/2000Don DavisPost a comment