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...dotcom world has gone to work for K Mart? It certainly looks that way. Refugees from Pets.com Eve.com Productopia, PlanetRX and just about every other recent flameout have landed here. Last Christmas, Bluelight.com (60% owned by K Mart; other investors include Martha Stewart) was an industry joke. Now it boasts an inventory of 30,000-plus items, more than 1 million unique visitors monthly and a massive, last-minute rollout of 3,600 Internet kiosks in 1,200 K Marts across America. CEO Mark Goldstein is blithely turning away job applicants--unheard of in employee-hungry Silicon Valley--and even...

Author: /time Magazine | Title: Checkout Time? | 12/11/2000 | See Source »

...Amazon founder Jeff Bezos, the investment made sense. He has been on the prowl for other retail businesses that fit Amazon's amazing model, and the health-and-beauty sector is six times as large as the book market. "Nobody likes going to the drugstore," Bezos jokes. This week PlanetRx, headed by former FedEx operations chief Bill Razzouk, is expected to launch its own vast shop, with such similar features as secure personal prescription records, online consultations, and e-mail refill reminders. The online health and beauty market should grow from $500 million this year to $6.3 billion...

Author: /time Magazine | Title: The Amazon Rx: Drugstores Go Online | 3/8/1999 | See Source »

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