January 19, 2001, 12:00 AM

Peapod Mulls Takeover

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.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

Wendy Wallner / Mobile Commerce

How retailers can make their mobile apps ‘stickier’

An app should be the easiest way to make a purchase, and offer other benefits, ...

FPO

Emily Carrion / Mobile Commerce

5 ways retailers can spiff up their mobile apps for the holidays

Effective apps not only boost sales, they provide an easy way to obtain customer feedback.

Advertisement