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Will online grocer Webvan drive off into the sunset -- or off a cliff? The road signs indicate more dangerous curves ahead. Yesterday, the struggling Foster City startup announced a loss of $86 ...
Webvan invested heavily in automated warehouses, logistics software and a fleet of vans. The idea was that technology would help the firm provide groceries more cheaply than brick-and-mortar ...
Webvan’s stock soared as high as $34 in November 1999, giving the firm a value of more than $10 billion. By Friday, Webvan’s shares had sunk to 6 cents; trading was halted Monday.
Webvan had been struggling financially for some time, yet appeared to be rallying behind Swan, who took over after Shaheen stepped down in April. A little over a week ago, ...
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Webvan had lost a total of $217 million by the end of its last quarter, while HomeGrocer’s losses totaled $137 million. However, if anyone can make the online grocery business viable, Webvan can ...
Sean Cumby hears the same kind of sympathy from his customers every day. “Are you guys going to be OK?” asks Gillian O’Connell, a stay-at-home mom with a baby in her arms and a to… ...
It could have worked. Now that Webvan Group has collapsed, number crunchers are dismissing the company as an experiment doomed from the start. But they need to look beyond Webvan’s errors in ...
His dotcom grocery store Webvan was an Amazon peer before it failed in 2001. Now Louis Borders says he has the recipe to win the race for home-delivered groceries.
WebvanWBVN was down 26.1% in early trading after the troubled Internet grocer posted a first-quarter loss of 18 cents a share, beating lowered estimates by 1 ...
When the Tarrant brothers—Rich, Brian, and Jerry—founded MyWebGrocer in 1999, they didn’t follow the path of Webvan and others betting on the online grocery gold rush. “Webvan was a poster ...
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