Forum Archive Index - May 2000

[Mike Nelson <bb2345@ihug.co.nz>]

Why should it ? After all in the non .com world businesses go belly up from
time to time without having detrimental affects on others in business.

>From the little I have read I have deduced that it is a case of very bad
management which is the cause of most business flops.

MN


At 05:29 PM 18-05-00 +0100, you wrote:
> I wonder if this will have an effect on the general  public when it comes
>to making their decision to  purchase goods  online.   Dave   




>   Well the UK have just had their first .COM  fatality, BOO.COM.. a
>privately owned company backed by launched only 6months  ago which intended
>to sell high fashion sportswear to the young trendie market.  BOO.COM
>called in the receivers this morning after running out of cash, 200 will 
>lose their jobs in the UK and 100 in the US. BOO.COMS difficulties are
>believed  to be due to BOO.COMS venture capital partners pulling out and
>lower than  expected sales, this was possibly because BOO.COMS website was
>slow and painful  to navigate with a sale taking up to 30mins to complete.
>(Interestingly enough  BOO.COMS website is still active at the present
>time). Most UK Internet related  shares closed marginally lower following
>the news.   Will be interesting to see what happens to the  other .COMS
>over the next few months, I believe that customers who have made  purchases
>from BOO.COM and have not yet received their goods will now join the  line
>behind creditors such as the Employees, Investors and the Inland  Revenue. 

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