*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

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

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