Word: tailers
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...rapid bankruptcy and dissolution of activewear e-tailer boo.com is Europe's first big dot-com meltdown, and a very scary story for its venture capitalists and would-be e-merchants. The company, started by three Swedes just six months ago, made a splash with hip brands like DKNY and North Face and what the Brits call an "all-singing, all-dancing" site complete with e-tailer innovations - 360-degree revolving sneakers, watches and clothing - that are just making their way to car-buying sites in the U.S. Problem was, they went through their sizable $120 million stake like...
NAME, TEAM Jeff Bezos, Amazon.com FORMER TEAM D.E. Shaw & Co. PEAK* $13 billion CURRENT** $6 billion INDIVIDUAL STATISTICS Wall Street still waiting for e-tailer's profits...
...with many dotcoms declining, neither venture capitalists nor Wall Street is eager to give them a dime, prompting a flurry of IPO postponements. "You'd be a fool to invest in an e-tailer that sells books today or wants to go into any other well-recognized market," says Michael Moritz, a general partner at Sequoia Capital in Silicon Valley, which launched the popular Internet portal Yahoo. "The large waterfront properties have not only been purchased but developed...
...back it up. The site got slammed and spent most of the season scrambling. "The lesson here is, don't try to launch four weeks before Thanksgiving," says Paul Bates, vice president of research at e-commerce tracker BizRate.com "You can't learn how to be an e-tailer from soup to nuts in the amount of time that they gave themselves. It's too aggressive...
Electronics dealer Crutchfield.com isn't the only e-tailer that e-mails customers to confirm that an order has been received, and e-mails again when the shipment has left the warehouse. But the company is one of the savvy few that post whether a given item is in stock (a more helpful variation of Amazon's "usually ships within 24 hours"). Many consumers Gomez surveyed said they wished more sites tracked inventory in real time, Frankle notes...