*Garden.com Weeds Staff, Ceases Operations

Share this content:
Garden.com, Austin, TX, yesterday announced the shutdown of e-commerce operations and staff terminations at the 5-year-old company.


The decision came almost two months after the company slashed its work force by 40 percent.


The company is considering "strategic alternatives'' for its recently formed business division, Trellis, designed to showcase the company's software.


In a statement on its Web site yesterday, president/CEO Cliff Sharples said the company had been unable to raise additional funding to finance the company's growth.


The announcement came on the heels of the Pets.com closure last week. Garden.com, which specialized in garden products online, had hired investment bank Robertson Stephens in the spring to assist in the search for new investors, a possible merger partner or a buyer, but it was unsuccessful.


In afternoon trading, Garden.com stock fell 9 cents, or about 37 percent, to 16 cents on the Nasdaq. Shares of the company have traded below $1 since late September.
close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

PAN Communications is an award-winning integrated marketing and public relations agency for B2B technology and healthcare brands. PAN's data-driven approach allows the firm to specialize in public relations, social media, content and influencer marketing, and data and analytics. PAN partners with brands to create unique, integrated campaigns that captivate audiences.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above