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WebVan exits Dallas market, lays off staff

Published on .

WebVan Group is shuttering its Dallas operation and laying off its 220 employees there in order to save money and focus on making a profit in the other nine markets it has operations. WebVan entered Dallas in September 2000 when it acquired HomeGrocer.com, which had been in Dallas since May 2000. While the company had adopted the WebVan name earlier this year, the online grocery service said the inventory and ordering system hadn't yet been converted to WebVan's. WebVan had recently put off plans to enter three U.S. markets in an effort to conserve cash. Its stock closed Feb. 20 at 31 cents.

Copyright February 2001, Crain Communications Inc.

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