More grief in dot.com land as EToys pulls plug on UK operation

Article Abstract:

US online games and toys venture Etoys is to shut down its UK operation and a small distribution unit in Belgium. Sales in the UK have been strong, but the company has experienced significant difficulties in the US.

Strategy & planning, Telegraph & other communications, Video Retailing Service, All Other Information Services, Hobby, Toy & Games Stores, Hobby, Toy, and Game Stores, Hobby, toy, and game shops, Management, Online services, Internet services, Home shopping, Toy stores, eToys Inc.

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Guardian angel with a low-key approach

Article Abstract:

Disaster recovery has become a high priority for many companies following the terrorist attacks in the US, according to Guardian iT Chief Operating Officer Garry Growns. His firm specializes in helping companies to overcome disasters. He indicates that some companies are now looking to establish substitute operations right outside the centre of London, England.

Legal issues & crime, Other Justice, Public Order, and Safety Activities, Disaster Aid, Officials and employees, Services, Brief Article, Interview, Disaster relief, The Guardian (London, United Kingdom) (Newspaper), Growns, Garry

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How to lose a fortune in two years

Article Abstract:

US pet retailer PetsMart was very confident that it could establish a strong presence in the UK when it purchased pet superstore operator Pet City, based in Swindon, England, for 150 million pounds sterling in 1997. However, this venture has proved unsuccessful, and PetsMart is now seeking to sell off its UK operations for only 10 million pounds sterling. Experts believe that PetsMart made a mistake in introducing US-style product mixes and sizes. Furthermore, its cheaper product lines proved unpopular in the UK, where people like to buy premium goods for their pets.

Comment:

Has acquired England's pet superstore operator Pet City

Acquisitions & mergers, Foreign operations, All Other Miscellaneous Manufacturing, Manufacturing industries, not elsewhere classified, Pet Supplies, PETsMART Inc., PETM, Pet supplies industry

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