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To: Randy Ellingson who wrote (78005)	9/22/1999 5:24:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Tesco <TSCO.L> to sell books on the Net LONDON, Sept 21 (Reuters) - UK supermarket Tesco Plc said on Tuesday it is to sell books over the Internet as part of a push to boost its sales online. Chief Executive Terry Leahy said Tesco planned to announce a joint venture shortly to sell more than one million titles on the Web. The UK's largest food retailer already operates a free Internet access business, which has 350,000 subscribers. It also has 80,000 customers buying groceries online from 50 stores and hopes to have this home delivery service available from 100 sites by the year end. By that time Tesco also aims to sell non-food merchandise via a joint venture with home shopping company Grattan, part of the privately-owned German firm Otto Versand. It will also offer online banking through its Tesco Personal Finance unit. Leahy told a news conference grocery sales on the Net were already profitable. "We are reasonably confident the thing as a whole could move into profit before long." Tesco's online bookstore will compete with Web giant Amazon.com <AMZN.O> and Internet Bookshop, which is owned by UK bookseller W.H. Smith Group Plc <SMWH.L>. A company spokesman said CDs would follow once the book venture was up and running. The retailer is also testing Internet cafes in its stores, known as "cyberzones." REUTERS Rtr 11:35 09-21-99