The staff of Somerfield's Internet shopping service will be made redundant as of Monday, according to sources.
Somerfield, the troubled supermarket chain, launched its Internet, telephone and television-based home shopping service two years ago, but the service has not grown, the company said. Besides, Somerfield has other troubles to worry about: since merging with Kwik Save in 1998 its share price has plummeted more than 80 percent to less than 60p amid persistent management problems.
24-7.com, the Internet branch of the operation, will be the latest UK dot-com to bite the dust, following the high-profile collapse of e-tailer Boo.com and the loss of funding for such content sites as the-bullet.com and netimperative.com.
24-7.com will cease operations as of 25 June, the group confirmed earlier this week.
We will have e-commerce Web sites that actually take money, deliver goods, and allow the e-tradesfolk a small profit. But Guy Kewney insists that day isn't today. Go to AnchorDesk UK for the news comment.
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