Re: UKNM: Boo.com's demise?

[Chinwag]

Sam,


Its not the only article. There was yesterday's article in the Guardian

(well unlimited anyway), the Wall Street Journal Europe that started it on

Wednesday and there was a largish piece in yesterday's (I think) New York

Post.


I think the sad bit is that it confirms what some of us had always feared.

As I sit here surround by half price Computer Books (bookpool.com), �5.99

chart CD's (thanks Sky) (oh and staff discounted boo clothing (I will admit

to contracting there for 9 months)). The simple fact is, sell items at full

price online is very hard work.


When price information is available at almost no cost (even ignoring

Hyperlink's (sorry Asda's) Valuemad shopbots) no one is ever going to make

large profits selling goods online. They might get a reasonable commission

(ebookers, lastminute, expedia....(and jungle, dabs, simply computers (all

of whom basically operate to a similar model))) but there won't be the large

50% markups that make shops viable.


And without that I can't see online shopping ever being profitable. After

all, when Amazon and the other online retailers try to raise they prices how

quickly will  someone else wander in and offer large discounts again.


Ben Thompson


On Fri, May 05, 2000 at 01:58:28PM +0100, Sam Michel wrote:

> Anyone spotted this yet:

>

> http://www.it-analysis.com/00-05-05-4.html

>

> That's it then, reports are now flooding in that Boo.com is officially up

> for sale. Following the news that JP Morgan had stopped acting as the

> companies agent it appears that investors have now lost all faith in the

> company and it is being put on the market in the hope of minimising losses

> before it just gets too late - Boo.com has so far failed to confirm that

the

> sale is going ahead.

>

> Ouch! I don't know if it's true...be interesting to get a comment from JP

> Morgan.

>

> Toodle Pip

>

> Sam


--

It is better to remain silent and be considered a fool, than to speak and

remove all doubt.

-- Mark Twain



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