GIANT EAGLE RE-SIGNS WITH FREE MARKETS

PITTSBURGH -- Giant Eagle here has extended its agreement to use online auction service FreeMarkets, also based here, as a platform for sourcing goods and services through 2003.The retailer has been using FreeMarkets since early last year primarily for reverse auctions involving logistics, products for operations and non-branded merchandise.In that time, Giant Eagle has bid more than $150 million

PITTSBURGH -- Giant Eagle here has extended its agreement to use online auction service FreeMarkets, also based here, as a platform for sourcing goods and services through 2003.

The retailer has been using FreeMarkets since early last year primarily for reverse auctions involving logistics, products for operations and non-branded merchandise.

In that time, Giant Eagle has bid more than $150 million and, by its estimates, saved more than $10 million, said Kevin Srigley, directo

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