Subject:
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Re: eToys closing down
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Newsgroups:
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lugnet.loc.uk
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Date:
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Wed, 3 Jan 2001 17:07:45 GMT
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Viewed:
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628 times
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"Scott A" <eh105jb@mx1.pair.com> wrote in message
news:G6LHvy.3un@lugnet.com...
>
> > Their US parent is still in operation though, so hopefully for you they • are
> > just cutting their losses as opposed to going to the wall.
>
> Indeed. From:
> http://news.bbc.co.uk/hi/english/business/newsid_1099000/1099303.stm
>
> =+=
> eToys pulls out of Europe
> The company blamed the slowdown on the largely US-centred problems of
> difficult retailing conditions, the "current disfavour" towards internet
> retailing, and "a consumer population meaningfully distracted by the
> presidential election and its aftermath".
> =+=
>
> ho hum.
Yes, they seem to be blaming everyone but themselves.
No mention of the fact that they spent $175m on advertising to generate
sales of $200m.
They might as well blame Santa Claus as one commentator said.
I feel sorry for the shareholders who bought in at $90 earlier this year.
Its now worth just $3/16
regards
lawrence
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Message is in Reply To:
 | | Re: eToys closing down
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| (...) Indeed. From: (URL) pulls out of Europe The company blamed the slowdown on the largely US-centred problems of difficult retailing conditions, the "current disfavour" towards internet retailing, and "a consumer population meaningfully (...) (24 years ago, 3-Jan-01, to lugnet.loc.uk)
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