Word: grocer
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Currently, though, Beantown is the exception. Even Peapod, the oldest and most widespread Web grocer, is available to only 8% of the U.S. population. "It's taken quite a while," admits Peapod CEO and president Bill Molloy. "Early on, people felt they didn't deserve this service yet. How could they tell their parents they didn't want to go to the store...
This long national nightmare of grocery guilt seems to be ending. Molloy thinks we will see a coast-to-coast Web-grocer conglomerate within four years, though he hesitates to say if it's going to be his company, which took a $9.4 million loss last quarter...
Picking a winner in this market is a tough call, in part because each pioneering e-grocer has a different idea about what kind of goods you want and when you want them. At the basic end of the scale, Netgrocer.com wants to send you nonperishables like cereal or juice in a FedEx box sometime in the next four days. At the other, San Francisco-based Webvan will bring you hideously perishable stuff like ice cream and iceberg lettuce within a 30-min. window...
...Western calendar starts with Year 1, and not Year 0, the 21st Century and the Third Millennium do not begin until January 1, 2001. Though some people have great difficulty in grasping this, there's a very simple analogy which should appeal to everyone. If the scale on your grocer's weighing machine began at 1 instead of 0, would you be happy when he claimed he'd sold you 10 kg of tea?" Clarke is right. No one likes to be overcharged...
...billion for a thousand Thrifty PayLess drugstores on the West Coast. Then a year ago, he spent $1.5 billion on PCS Health Systems, a pharmacy-benefit manager that oversees employees' prescription coverage. Even Miller, whose retailing career began in high school as a bottle sorter for a California grocer, admits, "I wouldn't have been able to manage all that...