January 19, 2001, 12:00 AM

Packing it in

Another online retailer has gone under. Furniture retailer Urbandesign.com is shutting down, although its web site will remain in operation to help customers with problems. Also closing its doors was Buy.com Australia. The Aliso Viejo, Calif.-based Internet superstore discontinued Australian operations Nov. 20. This move reflects the company's assessment of two critical factors: a difficult capital market environment in Australia that was not producing the joint-venture funding needed to continue operations and the decision to allocate U.S. working capital to take advantage of the greater opportunity for the domestic business as it ramps up toward profitability, the company said.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Patrick Smarzynski / E-Commerce

What the changes at eBay mean for sellers

The online marketplace introduced new rules for sellers last month. It’s crucial that sellers understand ...

FPO

Mark Feinstein / E-Commerce

A quick guide to global e-commerce opportunities

Consumers in many countries are buying more online each year. Understanding the nuances of each ...

Advertisement