We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Is Online-Based Grocery Delivery An Idea Whose Time Has – Finally – Come?

January 12, 2015: 12:00 AM EST
The enterprising fellow who tried to build a Web-based grocery delivery business 15 years ago – and went bankrupt after burning through $800 million – still believes the idea has merit. So does a new generation of entrepreneurs who see a great opportunity. Defunct Webvan’s George Shaheen says “somebody will figure out” the right way to do it, because no one really likes to shop for groceries. Among the companies trying to prove him right are Instacart, which has raised hundreds of millions in venture capital while racking up $100 million in sales in 2014. It has yet to turn a profit, however, and that may be a major hurdle. Profit margins are notoriously slim in the grocery business. But that is not deterring Instacart or its competitors, which include Amazon.com, Fresh Direct LLC, Good Eggs, Wal-Mart Stores and Safeway.
Greg Bensinger, "Rebuilding History’s Biggest Dot-Com Bust", The Wall Street Journal, January 12, 2015, © Dow Jones & Company, Inc.
Market News
North America
United States of America
Companies, Organizations
Market News
Developed by Yuri Ingultsov Software Lab.