Retail Industry
Industry: Email Alert RSS FeedDot-com woes arrive on Kozmo's doorstep.(Brief Article)
Video Business, June, 2000 by WILSON, WENDY
Despite high-profile marketing alliances with bricks-and-mortar chain Starbucks and Internet stalwart Amazaon.com, Kozmo.com has become the latest e-tailer to stumble in the race for market share, laying off 24 employees and battling reports that it is delaying its IPO. Kozmo, a Web-based service that offers home delivery of everything from video rentals to game hardware in less than an hour, is believed to be putting the IPO on hold because of market volatiliry, according to a published report.
A spokeswoman for the company called the report "inaccurate," saying Kozmo is still actively working to become a public company. "Our filing is still with the SEC and has not been postponed or delayed," she said. The spokeswoman added that the 24 layoffs...
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