By Kate Hanaghan, 14 February 2001 12:12
NEWS The company is currently searching for a permanent CEO but in the meantime James B Roszak will take over from the departing Gregory Hawkins.
Roszak thanked Hawkins and former CFO, Mitch Hill, for their contribution but added: "The realities of the marketplace demand that we drive vigorously toward profitability. We've proven our ability to attract customers and sell product, now we need to prove that we can make money."
Last week, John Lewis Partnership bought the UK division of the struggling online outfit. Buy.com's fourth quarter 2000 results, released at the beginning of this month, showed its revenues were down two per cent to $196.7m from the same period the year before. The company simultaneously said it would discontinue its Canadian store and sack 25 employees. In November 2000, Buy.com also announced the closure of its Australian operations.
For related news, see:
John Lewis buys up Buy.com to gain clicks e
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