Feeds

Tesco and Safeway in US e-alliance

Profitable business is a dotcom rarity

  • alert
  • submit to reddit

High performance access to file storage

Britain's biggest supermarket chain and the world's biggest e-grocer, Tesco, is exporting its online know-how to the US as part of a £15.7 million ($22 million) investment in home shopping.

Tesco PLC has taken a 35 per cent stake in GroceryWorks - Safeway's on-line grocery e-tailer - as part of the deal.

The food retailer will also help develop GroceryWorks' existing Web sites and help overhaul business and operational.

Key to this is scrapping GroceryWorks' method of fulfilling orders from stock at warehouses, and instead adopting a store-based grocery home shopping service using Safeway's 1500 US outlets.

Tesco.com has one million registered users and fulfils 70,000 orders a week.

In the UK, its e-operation is profitable with annualised sales currently running at £300m ($420m). ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.