Cliff Hanger Christmas

It's a live-or-die season for e-tailers. But out of the carnage will emerge a more viable bricks-and-clicks model

The merchandise once adorned the elegant Web site called Miadora.com like an imperial bazaar: Cartier watches, Italian leather tote bags, even a $12,000 antique Faberge spoon. Yet despite $20 million from sterling names like Sequoia Capital (SEQUX) and Oracle Corp. (ORCL), it's suddenly all gone. All that remained of the luxury e-tailer's site recently was a stark electronic epitaph posted on Sept. 22. "Miadora.com is no longer in business. We appreciate your past support." Now, even that terse farewell is gone. In fact, the entire site has vanished, as if it never existed.

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