We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,258 News Articles

Pets.com joins list of online failures

There goes another one

Pets.com is as dead as a dodo.

The online pet-supply store brought down the ‘cybershuttters’ yesterday - adding another company to the growing list of dot-com failures.

The San Francisco-based company laid off 255 of its 320 employees and said it plans to try to sell off its major assets, including its Web site, product inventory, distribution centre equipment and its well-known sock puppet logo.

In Tuesday's announcement, Pets.com disclosed that it hired Merrill Lynch & Co. to locate prospective buyers but that "fewer than eight" of the 50-plus companies contacted by the investment banking firm were even prepared to visit the online retailer to explore a possible purchase.


IDG UK Sites

Acer Aspire R11 review: Hands-on with the 360 laptop and tablet convertible

IDG UK Sites

Apple Watch release day: Twitter reacts

IDG UK Sites

See how Framestore created a shape-shifting, oil and metal based creature for Shell

IDG UK Sites

Apple Watch buying guide, price list & where to buy today: Which Apple Watch model, size, material,?......