Online grocer Webvan Group, Inc. fired a salvo across the shopping carts of the brick-and-mortar supermarket industry last week, when it announced that within two years it would be delivering Web ordered groceries free-of-charge in 26 major markets throughout the United States. Moreover, some analysts speculate the move could be the first step in the eventual restructuring of the $500 billion (US$) per year grocery business.
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Will Webvan Flatten $500 Billion Grocery Industry?
Posted by: Chet Dembeck July 14, 1999 12:00 AMOnline grocer Webvan Group, Inc. fired a salvo across the shopping carts of the brick-and-mortar supermarket industry last week, when it announced that within two years it would be delivering Web ordered groceries free-of-charge in 26 major markets throughout the United States. Moreover, some analysts speculate the move could be the first step in the eventual restructuring of the $500 billion (US$) per year grocery business.