Troubled Internet grocer Peapod, Skokie, Ill., is weighing takeover offers from United Parcel Service, rival HomeGrocer.com and Netherlands-based Royal Ahold, according to CNET news. Earlier this month, Peapod suffered a one-two punch when investors withdrew an anticipated $120 million in funding after CEO William Mallory resigned for undisclosed health reasons. Peapod, which has steadily lost money since its 1989 startup despite building a customer base of 100,000 in eight metropolitan markets, had counted on the financing for ambitious expansion plans. Last year, Peapod lost $28.5 million on revenue of $73.1 million.
Next in E-Commerce SalesFrom CDNow to CDThen?
From IR Blogs
Ernie Diaz / E-CommerceCan Tencent win the mobile commerce battle with Alibaba?
The two Chinese Internet giants are increasingly encroaching on each other’s territories. A Beijing-based marketing ...
Matt Swan / E-CommerceDo cash-back sites really drive incremental sales?
Yes, suggest data from Affiliate Window, an affiliate marketing network. And consumers spend more when ...