Boo.com falls out of favour in e-league

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The Independent Online

The much-hyped online retailer boo.com has sunk from 9th place to 24th in the quarterly league table of e-businesses compiled by Management Today and management consultancy Bain. And lastminute.com, one of the UK's most prominent Net start-ups, has been knocked from top place by the auction site QXL.

The much-hyped online retailer boo.com has sunk from 9th place to 24th in the quarterly league table of e-businesses compiled by Management Today and management consultancy Bain. And lastminute.com, one of the UK's most prominent Net start-ups, has been knocked from top place by the auction site QXL.

The rankings are based on business prospects and innovation rather than profitability. The researchers estimate that all but two of the 25 companies - gameplay.com and netbenefit.co.uk - make losses running into millions of pounds a week. "Not making any money for the foreseeable future is now an accepted way of life in e-commerce," according to the commentary.

The league table has just three new entrants: freecom.net, selling business software; elateral.com, a marketing firm; and jungle.com, retailing software and games. The biggest gainers are peoplesound.co.uk, an online music business, and fashion information company WGSN.com.

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