Good link Victor (I bookmarked the source :-)
this excerpt seems to summarize the opinion expressed:
"Priceline can do well with merchandise that is valueless unless it?s sold by a certain time," says Weitz. "It?s much harder for this to work on things people don?t have to sell."
I believe that the last sentence is a bit misleading. In this day and age, where information flows increasingly free and the markets are becoming increasingly commodity[onized], and retailers' margins squeezed, I cannot see how anyone can afford NOT to sell, because, if they don't some one else will (because in the world of e-commerce, in addition to your two local Ford dealerships, there are 350 others, that are as good as "local").
BTW, I did my first grocery shopping with Priceline this weekend. It was surprisingly uneventful, except for the realization that I saved about 25%. So, even if you have doubts about the stock, if you have the opportunity, do yourself a favor and give "name your price" for groceries a try.
Adios.
Peter |
