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Tuesday 22nd January 2002 5:15pm
Letsbuyit shuts all but the shop front
LetsBecomeAPortal then...
Troubled e-tailer Letsbuyit.com has unveiled a new business plan that will see it become a shopping portal - ditching its own retail activities in favour of becoming a shop front for others.
The group shopping site will retain the current Letsbuyit interface, but all fulfilment, customer service and handling of goods will be taken care of by `agents`. Anyone with a proven background in running a retail operation can become an agent.
The company has weathered badly in the dot-com downturn. Last year it was forced to close down most of its European operations. At the end of December it lost one of its original founders and former CEO Fredrik Staël von Holstein.
However, Ulf Modigh, MD of Letsbuyit, was bullish about the company`s situation which he says is looking healthier.
Speaking to silicon.com today, he said: "We did have some cash problems last year and we are still wrestling with some financial problems but the future looks positive for us and things are going well with our new agent programme. Our new business model will give us an opportunity to make the most of our site."
One the company`s backers, controversial German hacker Kim Schmitz, is currently being held in custody in Thailand for insider dealing. But Modigh said this doesn`t affect Letbuyit.com in any way.
"[Schmitz] only invested E1m (£610,000) in us, out of the E52m (£32m) we received in total. We got our money and now it`s up to him if he wants to sell his shares. We don`t want to discuss our shareholders` private lives," he said.
For related news, see:
Letsbuyit shuts in UK and France
www.silicon.com/a47058
Letsbuyit.com turns to the high street for help
www.silicon.com/a46847
Letsbuyit sues rogue investor
www.silicon.com/a46700
Letsbuyit.com: Rumours of its demise pure `speculation`
www.silicon.com/a46236
To buy related reports, click:
Report: Service Level Management Report
www.silicon.com/goto-ecc-na3
Report: PC Market Report
www.silicon.com/goto-ecc-na4
Letsbuyit shuts all but the shop front
LetsBecomeAPortal then...
Troubled e-tailer Letsbuyit.com has unveiled a new business plan that will see it become a shopping portal - ditching its own retail activities in favour of becoming a shop front for others.
The group shopping site will retain the current Letsbuyit interface, but all fulfilment, customer service and handling of goods will be taken care of by `agents`. Anyone with a proven background in running a retail operation can become an agent.
The company has weathered badly in the dot-com downturn. Last year it was forced to close down most of its European operations. At the end of December it lost one of its original founders and former CEO Fredrik Staël von Holstein.
However, Ulf Modigh, MD of Letsbuyit, was bullish about the company`s situation which he says is looking healthier.
Speaking to silicon.com today, he said: "We did have some cash problems last year and we are still wrestling with some financial problems but the future looks positive for us and things are going well with our new agent programme. Our new business model will give us an opportunity to make the most of our site."
One the company`s backers, controversial German hacker Kim Schmitz, is currently being held in custody in Thailand for insider dealing. But Modigh said this doesn`t affect Letbuyit.com in any way.
"[Schmitz] only invested E1m (£610,000) in us, out of the E52m (£32m) we received in total. We got our money and now it`s up to him if he wants to sell his shares. We don`t want to discuss our shareholders` private lives," he said.
For related news, see:
Letsbuyit shuts in UK and France
www.silicon.com/a47058
Letsbuyit.com turns to the high street for help
www.silicon.com/a46847
Letsbuyit sues rogue investor
www.silicon.com/a46700
Letsbuyit.com: Rumours of its demise pure `speculation`
www.silicon.com/a46236
To buy related reports, click:
Report: Service Level Management Report
www.silicon.com/goto-ecc-na3
Report: PC Market Report
www.silicon.com/goto-ecc-na4
yesyes...
sell on good news...
@pame
Was soll daran neu oder gut sein?
Was soll daran neu oder gut sein?
I know,I know, I know
thanks
thanks
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