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UPDATE: EToys.co.uk packs up its toy chest
News EToys announced Wednesday it will shut down its UK subsidiary after 19 January, as a cost-cutting measure. EToys.co.uk itself has fared better than its parent, reaching number one in the UK online toy market and hitting all its sales targets.
[January 3, 2001, 15:42]
The Day Ahead: eToys collapse
News EToys is trading at a 52-week low and is more than $3 (£1.86) shy of its May 20 IPO price. Hard to believe that eToys, which went public at $20 and shot to a high of $86 closed Thursday down 20 percent to 16 7/8.
[January 28, 2000, 12:23]
No fun 'n' games here - eToys axes its remaining staff
News Struggling toy e-tailer eToys on Monday issued layoff notices to its remaining 293 employees as it anticipates going out of business in early April. With today's action, the company has now issued job elimination notices to all of its employees...
[February 6, 2001, 8:28]
eToys gets off the mat
News eToys investors finally got something to smile about today when Salomon Smith Barney initiated coverage of the online toy retailer with an "outperform" recommendation. After peaking at 86 in October, eToys shares have been in a free fall, tumbling...
[February 17, 2000, 16:46]
A Year Ago: EToys gets off the mat
News Smiling faces as eToys receives outperform recommendation eToys investors finally got something to smile about today when Salomon Smith Barney initiated coverage of the online toy retailer with an "outperform" recommendation.
[February 17, 2001, 6:05]
EToys to creditors: We can't pay
News Struggling online company eToys acknowledged Thursday that it has stopped paying some creditors, including a temporary staffing agency that says it is owed $2m. We said last month that we didn't sell as much product in all the quarters we hoped...
[January 19, 2001, 9:15]
Update: EToys makes shock announcement to partners
News Troubled retail site eToys issued an email Friday stating it would terminate its business relationship with UK Web sites on 31 December. The mail, simply headed "Termination Notice -- eToys Affiliate Programme", contained the following: "Thank you...
[December 22, 2000, 21:10]
The Day Ahead: Beware the e-tailing trap
News Commentary: If you've been watching shares of eToys in recent days, you may have had a few 1999 flashbacks. EToys shares received a Black Friday bump and have more than doubled. Of course, eToys has doubled to $2 -- not its 52-week high of $70...
[November 28, 2000, 13:25]
The Day Ahead: Will Amazon hit its sales targets?
News Commentary: Amid warnings from eToys, United Parcel Service and FedEx, can Amazon hit its fourth quarter sales targets? Couple eToys' warning with the UPS and FedEx red flags and you have more than enough to conclude that Amazon may have problems.
[December 18, 2000, 13:37]
Mickey ready to rumble with Pokemon?
News Instead, he said that eToys was concentrating on remaining the market leader in the online toys space. These are all of the toys you don't find at places like eToys and Toys 'R' Us," claimed Kelly McGovern, chief marketing officer at Toysmart.com.
[August 26, 1999, 9:26]
The Day Ahead: Simplify Wall Street's rating system
News With that statement setting the stage, Blodget went on to downgrade eToys to a D-3-2-9 from a D-2-1-9, Barnesandnoble.com to a D-3-1-9 from a D-2-1-9 and Pets.com to D-2-2-9 from a D-1-1-9. Roughly translated, Blodget gave eToys a "weak hold", Pets...
[August 14, 2000, 13:33]
Amazon and Toysrus set up shop together
News While this pact could solve problems at Amazon and Toysrus.com, it could spell trouble for other online toy firms such as eToys and Smarterkids.com. Earlier this week, Merrill Lynch analyst Henry Blodget downgraded eToys to an intermediate term...
[August 10, 2000, 13:17]
The Day Ahead: Be wary of new dot-com profit paradigm shifts
News Lenk projected that eToys would be profitable on a $750m to $900 million in sales. EToys reported a hefty loss in its fourth quarter, but did back up its profitability talk with a few dates. Lenk said eToys will be profitable in 2002.
[April 28, 2000, 13:01]
McKinley to feature at Intel forum
News He was saying how they needed more capacity," Brookwood laughed.eToys probably isn't pushing them for delivery anymore. Brookwood recalled one conference where the company trotted out the president of dying dot-com eToys to extol the virtues of...
[February 23, 2001, 8:15]
Internet incubator hatches job cuts
News Among idealab's ill-fated investments was eToys, the online retailer which shut down its UK operation this month after a disastrous US Christmas. Idealab.com, the Internet incubator with offices in London and California, is the latest to suffer...
[January 15, 2001, 15:41]
Excite@Home buys Bluemountainarts.com for $780m
News That report, however, put eToys as the most likely buyer for Bluemountainarts.com. It didn't take online greeting cards site Bluemountainarts.com too long to find a buyer. Excite@Home said Monday it would acquire Bluemountainarts.com from Blue...
[October 25, 1999, 15:44]
E-commerce spending hits new high
News E-tailers such as eToys found Christmas sales drastically worse than expected and in some cases have decided to close up shop. World online spending for 2000 reached $56bn (about £38bn) according to a new study, with consumer online spending...
[January 4, 2001, 9:20]
Amazon grows up
News Just yesterday, online toy store eToys announced it would get into the book business, selling children's books online. Amazon's Electronics store will feature buying guides, product reviews and user comments, similar to the comments section it...
[July 13, 1999, 16:57]
Blodget to leave Merrill Lynch
News However, he also took criticism about his stock picks, including Pets.com and eToys, both of which failed before they turned a profit. Internet stock analyst Henry Blodget will take a buyout offer from Merrill Lynch, taking advantage of a buyout...
[November 15, 2001, 12:29]
After 30 years, Valentine's still picking winners
News But he's not immune to the occasional stinkers: Sequoia has also backed dot-com duds Webvan and eToys. After 30 years, Valentine's still picking winners The founder of Sequoia Capital, the $3bn venture capital fund that has helped launch Apple...
[November 29, 2004, 11:00]
