AMAZON.COM TAKES STAKE IN HOMEGROCER

BELLEVUE, Wash. -- Amazon.com took a 35% stake in HomeGrocer.com last week, raising the ante in the increasingly competitive on-line home-shopping game.The move provides the Internet grocery-shopping and home-delivery service with the capital for an expansion into California this summer. In addition to the expanded coverage area, the on-line grocer will revamp its site, www.homegrocer.com, in June

BELLEVUE, Wash. -- Amazon.com took a 35% stake in HomeGrocer.com last week, raising the ante in the increasingly competitive on-line home-shopping game.

The move provides the Internet grocery-shopping and home-delivery service with the capital for an expansion into California this summer. In addition to the expanded coverage area, the on-line grocer will revamp its site, www.homegrocer.com, in June to provide on-line selling suggestions based on buying history and preferences, much as

Register to view the full article

test - Advanced Registered User

Already a member? .