USA: Webvan - crashing into oblivion - COMMENT (Members)
Online grocer Webvan has closed its operations and filed for bankruptcy. It's no surprise; the company has been dying for months. Webvan built hugely expensive distribution centers rather than employing pickers in local supermarkets, and online grocery is currently too small a market for this approach to be viable. But as the market matures, accounting for nearly 5% of US grocery sales by 2005, the warehouse approach may see a comeback.
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