Okay, this may not be the place, and I apologize
in advance if anyone gets offended, but..
HOMG
stockpoint.com
HOMG is a retailer of grocery and other consumer products on the Internet. HOMG provides next day delivery of a wide range of products, including high quality food items, at prices competitive with local supermarkets. For the 13 weeks ended 4/00, net sales totalled $21.2M, up from $1.8M. Net loss totalled $43.5M, up from $3.7M. Results reflect new customers in Orange County/Los Angeles, offset by higher customer fulfillment, payroll, and other operating expenses.
Price & Volume
Recent Price $ 4.38
52 Week High $ 16.25
52 Week Low $ 3.19
Avg Daily Vol (Mil) 0.486
SAN DIEGO, May 31, 2000 (BUSINESS WIRE) -- HomeGrocer.com (Nasdaq: HOMG ) today introduced its online service to San Diego, broadening the company's reach in the important Southern California market.
The San Diego customer fulfillment center is HomeGrocer.com's eighth operating facility, and its fifth in southern California.
"San Diego has clearly embraced the power of online shopping, and is ranked fifth in the U.S. for home Internet use," said Mary Alice Taylor, HomeGrocer.com's chairman and chief executive officer. "We're delighted to have San Diego as part of the HomeGrocer family, which now includes Seattle; Portland, Ore.; Los Angeles and Orange County, Calif.; and Dallas/Fort Worth, Texas. We're focused on turning each of our customer fulfillment centers to profitability within 12 to 15 months of opening, and we're continuing to expand into new markets with our upcoming opening in Atlanta in June."
HomeGrocer.com's tri-temperature delivery trucks, bearing the company's signature peach logo, initially will deliver to San Diego neighborhoods extending north to Oceanside, east to Alpine, south to Chula Vista and west to Coronado.
AND....
See story in FORTUNE June 12, 2000 issue page 246 on..
"British E-grocer takes on Amazon" ..
Looks like the British HOMG counterpart named TESCO..
fortune.com
I think this could be BIG in 1-2 years.. My opinion..
I'd love to hear what everybody else thinks. |
