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NewsPoster Aug 2, 2013 07:54 PM
E-retailer shuttering after 17 years online
Effective immediately, electronics retailer <a href="" rel='nofollow'></a> is shutting down online ordering. In an email sent to customers today, the company is "turning off ordering on" and "will cease to sell and ship products immediately." The company is shutting down its online portal after 17 years of operation.<br />
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In the email sent, Geeks calls out Amazon as one of the reasons its online division isn't staying open. The company claims that "the e-commerce landscape, as well as the consumer electronics market, has changed dramatically with intense competition and a 1000lb gorilla (do we really need to say who) competitor that can lose millions of dollars to buy customers and suck up inventory. They can lose money with impunity, supported by the stock market. We cannot."<br />
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Both the company's <a href="" rel='nofollow'>wholesale division</a> and retail store in Oceanside, CA are staying open. Existing orders will be completed, any credits due will be issued, and a small staff will remain to answer questions, to process returns, and to honor warranties that is responsible for.
lkrupp Aug 3, 2013 11:57 AM
The DOJ should be looking at Amazon, not Apple.
rtamesis Aug 3, 2013 02:05 PM
Amazon donated $160,000 to Obama's 2012 presidential campaign. Is it really any surprise that the DOJ favors Amazon? This article also sums it up:
The Vicar Aug 4, 2013 12:10 AM
Yup, and Google spent 9x more than Apple on lobbying in 2012, more than the next two biggest spenders in the tech industry put together. Which is why their purchase Motorola Mobility can get away with the things it does.
TRRosen Aug 5, 2013 11:42 AM
They made the mistake of trying to compete with the big boys and drifting away from the stuff that made them unique. They used to have tons of small amounts of cheap odd closeout items. But the drifted more and more into higher end lease returns and such. Simply put there were already other places that did that well. Amazon didn't eat their lunch. Newegg and Tiger Direct did.
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