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See Full StoryUK retailer Tesco said Monday it will enter the U.S. online grocery market, buying a stake
in the e-tail business of supermarket chain Safeway.
Tesco said it will pay approximately US$22 million for a 35 percent stake in Safeway's
GroceryWorks online subsidiary, enabling the U.S. company to expand its Internet business.
Tesco also said it led a round of financing for GroceryWorks, giving the e-tail venture a
boost consisting of $35 million in cash and other assets.
Re: Safeway Brings in Tesco as Online Grocery Partner
Posted by: mnamiskat 2002-09-20 17:15:50 In reply to: ECT News
I am really liking this idea. I choose Safeway for my shopping needs, but when things get busy I use Peapod by Giant. I would really like the opportunity to shop at Safeway online instead. Tesco's support would mean that shopping with Safeway online may become a reality for me and those in my area very soon. Big thumbs up for that!
Re: Safeway Brings in Tesco as Online Grocery Partner
Posted by: William Kelehe 2001-09-28 19:48:04 In reply to: ECT News
When will you begin home delivery again??
