| Business Summary | | Webvan
Group,
Inc.
is
an
Internet
retailer
offering
delivery
of
consumer
products
through
a
proprietary
business
design
that
integrates
its
Webstore,
distribution
facility
and
delivery
system.
Webvan's
product
offerings
are
principally
focused
on
food,
non-prescription
drug
products
and
general
merchandise
including
housewares,
pet
supplies,
consumer
electronics
and
entertainment
products
and
books.
The
Webvan
Webstore
is
an
informative
and
personalized
Website
that
enables
users
to
quickly
and
easily
navigate
and
purchase
from
a
wide
selection
of
items.
The
store
directory
is
divided
into
intuitively
organized
categories
and
allows
the
customer
to
quickly
and
efficiently
find
items.
In
July
2001,
the
Company
ceased
operations
and
filed
for
protection
under
Chapter
11
of
the
United
States
Bankruptcy
Code.
The
Company
has
no
plans
to
resume
operations,
and
it
will
pursue
an
orderly
wind
down
of
its
operations
and
sale
of
its
assets
and
business. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Webvan
Group,
Inc.
is
an
Internet
retailer
offering
same-day
delivery
of
consumer
products,
with
an
initial
focus
of
food,
non-prescription
drug
products
and
general
merchandise.
For
the
three
months
ended
3/31/01,
net
sales
totaled
$77.2
million,
up
from
$16.3
million.
Net
loss
totaled
$217
million,
up
from
$57.8
million.
Results
reflect
expansion
into
new
regions
and
an
increase
in
average
order
size,
offset
by
increased
facilities,
amortization
and
restructuring
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Robert Swan, 40 CEO | $303K | F. Terry Bean, 53 Sr.
VP of HR | 291K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|