Feeds

eToys to shut doors in Europe

UK site dies on January 19

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

eToys has warned it is to shut its doors in Europe, just 14 months after it started the business.

The US online toy merchant said today it will ditch the UK business in two weeks, and the European operations early in 2001.

"Can we fix it? No we can't. Sadly eToys packs up its toy chest on January 19," the UK site states.

The company said the UK site had performed well, but blamed the "disappointing recent performance of the company as a whole and the negative capital market conditions" for the shutdown. The decision will affect 74 staff in Europe.

The eToys.co.uk site has knocked 50 per cent off all prices in an effort to shift stock before closing.

The move follows the company scrapping its UK affiliate program - when it gave just days' notice to participants.

Last month the Los-Angeles dotcom also warned that orders for the quarter would be less than expected, and was forced to halve Q3 sales forecasts. It cut net sales forecasts to between $120 million and $130 million from the $210 million to $240 million it previously expected, warning of losses of up to $85 million. At the time it said it had enough money to survive until March 31. ®

Related Stories

eToys throws UK out of affiliate pram
eToys warns on revenues
America spends $6.3 billion online in Q3
eToys softens under grassroots pressure
Xmas panic means PC fire sales

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.