Troubled Webvan on Monday said it has ceased operations and plans to file for Chapter 11 bankruptcy protection. The online grocer, which has been struggling financially for some time, said it has no ...
Webvan Group was a high-profile dot-com grocer that just couldn't deliver on its dreams. It grew too big, too fast and eventually choked on its own complexity. It focused on the delivery side of the ...
Each of Webvan's 1,700 hourly workers received a check for $900--a gift from an "anonymous third-party person who is a very gracious and giving person," said Webvan spokeswoman Amy Nobile. No one ...
Greg Sandoval covers media and digital entertainment for CNET News. Based in New York, Sandoval is a former reporter for The Washington Post and the Los Angeles Times. E-mail Greg, or follow him on ...
In the sober days of 2001, it's hard to imagine a time when a company with an untested plan for an online grocery shopping service could inspire private investors to instantly part with hundreds of ...
The bottom line is this: After raising $1.2 billion from public and private investors, Webvan Group Inc.'s creditors have $38 million in cash to divvy up, along with whatever money can be scraped ...
SAN FRANCISCO (AP) – Webvan, which sought to revolutionize grocery shopping by taking orders online and delivering to customers’ homes, shut down Monday after burning through $830 million without ...
Still hungry for Webvan items? Right here, delivered to your door, or at least your nearest news rack, are some answers to questions I've had about the demise of the popular online grocery business. .
Online grocer Webvan (Nasdaq: WBVN) will hold its third asset auction early next month, selling off US$30 million worth of equipment used to service the Altanta, Georgia market it departed earlier ...
SAN FRANCISCO --A year ago, online grocer Webvan Group had a lot on its plate. The company had just gobbled up rival HomeGrocer.com in a $1 billion takeover and management remained set on ...
Sean Cumby hears the same kind of sympathy from his customers every day. “Are you guys going to be OK?” asks Gillian O’Connell, a stay-at-home mom with a baby in her arms and a toddler at her feet in ...
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