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Home > Company Index > Retail > Grocery Retailing > Webvan Group, Inc.
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Webvan Group, Inc. |
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NEWS FROM THE STANDARD |
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Dot-Com Deaths May Be Tailing Off
Aug 01 2001 03:21 PM PDT
Notes From the Internet Summit
Jul 25 2001 02:50 PM PDT
The Fall of Webvan
Jul 16 2001 12:00 AM PDT
What a Long, Strange Trip It's Been for Webvan
Jul 16 2001 12:00 AM PDT
The Mourning After
Jul 16 2001 12:00 AM PDT
PROFILE |
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Will people buy groceries over the Internet? Not from Webvan Group. The online grocery service delivered food and nonprescription drugs to the doors of a dwindling customer base until it shut down in summer 2001. Webvan launched in mid-1999 and began by serving the San Francisco Bay area; it later expanded into other major markets. However, by 2001 Webvan was shedding markets and had cut a quarter of its workforce. In July 2001 it ceased taking grocery orders, pulled its Web site, and sent its workforce home. Soon after, it filed for Chapter 11 bankruptcy protection. First online in mid-1999, Webvan was founded by Louis Borders (co-founder of Borders Group bookstores), who owned about 10% of the company.
COMPETITION |
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Albertson's, Inc. (ABS)
Netgrocer.com, Inc. (dossier)
Peapod, Inc. (PPOD)
DEALS |
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Deal: Webvan to Deliver PhotoWorks
Date Announced: 03.26.01
Value of transaction (US $Mil): 0
Description: Online grocer to offer photo-processing company's services for home delivery.
> Search all deals for this company
TRACKERS |
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Jul. 09, 2001 - LAYOFF TRACKER
2000 laid off
Description: See Flop Tracker.
Apr. 26, 2001 - LAYOFF TRACKER
885 laid off
Description: Closing its operations in Atlanta and making siginificant reductions in overall staffing levels. Eliminating 485 positions in Atlanta and cutting approximately 400 employees from its Foster City, Calif., headquarters and its Kirkland, Wash., office.
> More LAYOFF NEWS
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 178.50
1-Yr. Sales Growth: 1,242.1%
Employees: 4,476
Revenue per employee: $39,879.36
KEY PEOPLE |
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Robert H. Swan
CEO
Robert H. Swan
CFO
CONTACT INFO |
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310 Lakeside Dr.
Foster City, CA 94404
US
Phone: 650-627-3000
Fax: 650-627-3099
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
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