Amazon on Wednesday confirmed that it is shutting down its Quidsi unit, which runs websites Diapers.com and Soap.com, due to a persistent lack of profitability there.
Quidsi was an Amazon rival in the US before the online retail made a $545 million deal in late 2010 to buy the startup.
“We have worked extremely hard for the past seven years to get Quidsi to be profitable, and unfortunately we have not been able to do so,” an Amazon spokesperson said in an email reply to an AFP inquiry.
“Quidsi has great brand expertise and they will continue to offer selection on Amazon.com; the software development team will focus on building technology for AmazonFresh.”
AmazonFresh lets people shop online for grocery store goods, including pet, baby and beauty supplies.
Quidsi co-founder Marc Lore went on to create another online commerce company, Jet.com, which was bought last year by Walmart for about $3 billion in a move aimed at competing with Amazon.
Credit: Guardian
The Kogi State Police Command has admitted the erroneous killing of a Nsukka-based lawyer, Barrister…
The Kano State Police Command has returned the sum of N9.9 million to its rightful owner after…
President Bola Tinubu has appointed Dr. Temitope Ilori as the new Director General of the…
The Comptroller-General of Immigration, Kemi Nandap, has directed all personnel deployed to the Nigeria-Niger border to…
Today, on the history corner, we take a trip in the realm of flashbacks and…
The Nollywood industry is again grieving after the passing of Jonathan Ihonde, the dramatist and…
This website uses cookies.