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

Microsoft Band UK release date and price rumours, features and specs: Microsoft smartwatch unveiled

IDG UK Sites

Why Sony's PS4 2.0 update is every gamer's dream (well, mine at least)

IDG UK Sites

This Grolsch ad combines stop-motion & CG for majestic results

IDG UK Sites

Apple rumours and predictions for 2015: What to expect from Apple in 2015