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Retail briefs: Beenz.com, Egghead, MYOB

Retail briefs: Beenz.com, Egghead, MYOB

Web currency firm joins dot-com has-beenzThe Beenz economy has come to a halt, according to a notice posted on Web rewards provider Beenz.com, which suspended operations last week. The company made its mark by offering "beenz" to consumers for participating in market research or visiting Web sites. The "beenz" were then redeemable for consumer items at other sites. The closure of many online retailers sent Beenz.com's revenue plunging, as the company depended largely on companies solely invested in e-commerce, said founder Charles Cohen.

Egghead cracks, files for bankruptcy

Online marketing company Egghead.com announced last week that it filed for Chapter 11 bankruptcy and will be selling its assets to retail chain Fry's Electronics in the US. Egghead, which sold technology and related products over the Internet, said it will continue to operate under the court's supervision pending the close of the sale. Fry's is then expected to operate the Egghead.com site. Any assets not acquired by Fry's will be sold under the court's supervision.

The company laid off two-thirds of its staff and is keeping the remaining third to serve customers through the transition. The transaction is expected to close by the end of September.

MYOB targets retailers

In the lead up to the Christmas trading season, MYOB has released a new version of its MYOB RetailManager point-of-sale software. MYOB RetailManager v5 offers retailers a new interfaced Eftpos solution, an improved inventory manager and a quote manager. A range of new reports have also been added, including outstanding customer special orders and supplier list. As a stand-alone system, RetailManager handles front-of-house operations. The software can also be linked with a MYOB accounting software package. RetailManager carries an estimated retail price of $1495.


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