Market News
23Sep2005 |
Loblaw Drops E-Grocery ArmAfter a five-year run, Loblaw Cos. Ltd. is closing down its Internet grocery business. Rising oil prices and price-conscious consumers were blamed for the decision. Loblaw's Egrocer was launched in 2000 in Mississauga, Ont. It will close on September 23. In a notice to its 3,500 customers, Loblaw explained that most people were "not willing to spend more to have their groceries delivered to their front door." To soften the inconvenience, the company will mail a $25 gift card to its Egrocer customers. Egrocer staff will be redeployed within Loblaw. Source: Canadian Grocer E-Newsletter, Sept. 23, 2005. 
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