Outpost.com said last night that chief financial officer Paul Williams has resigned.
A prepared statement released by the computers and electronics online retailer did not give a reason for the resignation. However, it follows a number of shake-ups for Outpost.
The retailer last Friday cut 110 employees from its payroll, decreasing its staff to 129. In the same announcement, Outpost said it had replaced president/CEO Katherine Vick and appointed Darryl Peck to head the company. The firm also said last week that it had fourth-quarter losses totaling $10.1 million compared with a loss of $9.8 million in the year-ago period.
Outpost, owned by Cyberian Outpost, Kent, CT, late last month discontinued the free overnight delivery offer that it had been running since spring 1999. The site is now offering free second-day shipping instead.
Free delivery is now available only for orders larger than $500. The site had been offering free next-day shipping for orders exceeding $100 since Feb. 1.
Prior to that date, Outpost.com had provided free next-day delivery for all orders. Effective March 28, orders of $500 or less can be delivered by second-day express mail for $8.95, while overnight packages cost $12.95.
