Target and Toys R Us posted overall sales declines during the holidays.
The American Stock Exchange plans to start trading options on the Nasdaq National Market-listed stock of ShopNow.com Inc. on Wednesday, January 5, 2000. ShopNow is a Seattle-based electronic commerce-enabling company offering business-to-business and business-to-consumer solutions. ShopNow.com operates an e-commerce network known as the ShopNow Network, which is comprised of online access to more than 40,000 businesses and more than six million shoppers, the company says.
In late December, ShopNow announced its intent to acquire Ubarter.com Inc., a business-to-business barter e-commerce company, for approximately $45 million in stock based on recent stock prices. The deal, subject to regulatory approval, is expected to close in early 2000.