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AuctionDrop – Retail Retreat?

January 19, 2005

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We read recently on Fucked Company that AuctionDrop was closing/cancelling plans for retail stores and focusing instead on its relationship with UPS. Lo and behold, the company has closed 4 of 5 stores and dropped “retail” from its corporate description. A new CFO and the investor, G51, are also additions:
NEW BOILERPLATE – 01/10/05:
About AuctionDrop
AuctionDrop is the first company dedicated to providing a simple, fast and convenient way for consumers to sell goods on eBay. Now anyone, anywhere in the United States can AuctionDrop their items at The UPS Store in their neighborhood. AuctionDrop receives funding from leading venture firms Mobius Venture Capital, Draper Associates and G51.
OLD BOILERPLATE – 12/29/04:
About AuctionDrop
AuctionDrop is the first retail company dedicated to providing a simple, fast and convenient way for consumers to sell goods on eBay. Now anyone, anywhere in the United States can AuctionDrop their items at The UPS Store in their neighborhood. AuctionDrop receives funding from leading Silicon Valley venture firms Mobius Venture Capital and Draper Associates.
For now, the AuctionDrop site still lists the follwing drop-off locations:
Northern California:
AuctionDrop store in San Carlos.
BestBuy stores in Pittsburg, Milpitas, Union City,
Pinole, and Colma.
Nationwide: 3,700+ The UPS Store locations
Read:
AuctionDrop closes most of its eBay stores to focus on growth through UPS – [InternetRetailer.com]
AuctionDrop Profile – [alarm:clock]
Read: Fucked Company posting about AuctionDrop

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