PRICELINE'S WEBHOUSE WILL ABRUPTLY CLOSE ITS SHOP

GREENWICH, Conn. -- Priceline.com's WebHouse Club grocery affiliate here said it would close last week, less than a year after promising its Internet-based "name your own price" strategy would revolutionize the grocery business.While analysts suggested the company ran into trouble because manufacturers were unwilling to subsidize the discounts WebHouse Club offered shoppers, company founder Jay Walker

GREENWICH, Conn. -- Priceline.com's WebHouse Club grocery affiliate here said it would close last week, less than a year after promising its Internet-based "name your own price" strategy would revolutionize the grocery business.

While analysts suggested the company ran into trouble because manufacturers were unwilling to subsidize the discounts WebHouse Club offered shoppers, company founder Jay Walker told SN the decision to close was "strictly a matter of funding." A number of super

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