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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 ...
Log on to the Internet. Click on the cat food, the cornflakes, the carrots, the laundry detergent. Have a driver show up at your home the next day with your purchases. It's deja vu all over again ...
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Webvan, the latest dot-company to come and go and lose a billion dollars in the process, did a decent job in its main business of delivering groceries. But somehow the company managed to screw up ...
Webvan lovers, there's new hope your favorite delivery guy may be making a comeback -- under different guise. Bloomberg.com reported Amazon is expanding its grocery service business.
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 ...
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… ...
Webvan had $178.5 million in sales in 2000, but that revenue was swamped by $525.4 million in expenses. The company had planned to expand to 26 markets and turn a profit in 2002.
Webvan Group Inc. will pay former CEO George T. Shaheen $375,000 annually for the rest of his life, despite the online grocer’s shaky financial condition. Shaheen, 56, qualified for the ...
Cobalt ended up a whopping 482%, while the delayed Webvan offering closed up a not-too-shabby 65%. record-setting opening day in 1998 -- to close at 128 1/16, after trading as high as 158, a rise ...
FOSTER CITY, Calif. (CBS.MW) -- Webvan and HomeGrocer said Monday they’re merging in a $1.2 billion deal amid lean times for the two e-commerce players. The companies say the deal will create a ...
Webvan Group Inc.'s auditors have raised questions about the Internet grocer's ability to continue as a viable business, the company disclosed in its annual report Monday. Separately, the company ...
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