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Subject:	Toysmart shuts online toy store
Newsgroups:	lugnet.market.shopping
Date:	Tue, 23 May 2000 13:21:34 GMT
Reply-To:	rob.doucette@york.com(nomorespam)
Viewed:	329 times

Toysmart shuts online toy store BOSTON (AP) - Toysmart.com is shutting down its online educational toy store after it failed to compete with bigger rivals on the Web including eToys and Toysrus.com. Shoppers logging into the site, which Walt Disney Co. owns a majority stake, found a notice saying it was closed for inventory, but a spokeswoman confirmed Monday that the Waltham, Mass.-based company was ceasing operations. "The online toy market is an incredibly competitive business that has some very strong players," said Michelle Bergman, a spokeswoman for Go.com, which oversees the Disney's Internet businesses. Analysts say the demise of the company came as no surprise, given the huge growth over the last year in the online toy business. See full story http://www.infobeat.com/stories/cgi/story.cgi?id=2566747967-bf9 --------------------- -Rob.

Message has 2 Replies:

		Re: Toysmart shuts online toy store
(...) (article snipped) wow, i loved this store, pretty good deals, not bad stock and i never once had a problem with them... sorry to see them go :/ (24 years ago, 23-May-00, to lugnet.market.shopping)

		Re: Toysmart shuts online toy store
(...) Toysmart.com was perhaps a little too competitive. I bought many current items from them in support of my buy-to-sell-to-buy habit that it had clearly priced at a level that had to be below their cost. This shaking out may hurt us as buyers, (...) (24 years ago, 23-May-00, to lugnet.market.shopping, lugnet.market.theory)

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