January 19, 2001, 12:00 AM

CD Warehouse Closes e-Door

CD Warehouse Inc. has suspended operations of its web site, cdwarehouse.com. As a result, the company expects to realize a pre-tax, nonrecurring charge against earnings of approximately $1.7 million during the third quarter. "We feel this action is a very positive step toward returning the company to profitability," says Christopher M. Salyer, chairman and CEO. While the company characterizes the discontinuation of e-retailing sales as an indefinite suspension, it says it is not abandoning e-commerce as a growth strategy. Many elements of the current system will be retained for future redeployment. "We will continue to develop an infrastructure on which we can reintroduce this service to our customers in the future. In the interim, we will continue to maintain our corporate website, http://www.cdwi.com," Salyer says.

end STORY HERE

-----------------End of Main Story Here---------------------

-----------Expandable Right Side Spacer Here----------------

--------------------bottom spacer here----------------------

---------------------end bottom spacer----------------------

Copyright © 2000. This content is the property of Vertical Web Media.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

Bob Brodie / E-Commerce

How raw data enables retailers to know every customer

Here are five technologies that can unleash the power of all the data an online ...

FPO

Scott Allan / Mobile Commerce

The missing link for turning app-only promotions into revenue

Apps engage a retailer’s most loyal shoppers, but technical hurdles keep many merchants from taking ...

Advertisement