, the troubled online retailer, is closing its European operations, and the company's already battered stock continued its long, painful decline.
The company's U.K. operations are scheduled to close on Jan. 19, and eToys Europe will board up its doors early this year. The closings come in the wake of a disappointing fourth quarter and
holiday season and previous announcements that the company will explore strategic alternatives including a merger and asset sales.
eToys said current market conditions left it no choice but the shut the operations. The U.K. site will discount all items by at least 50% during a closing sale.
Shares of eToys fell 3 cents, or 16.7%, to 19 cents in recent