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- HomeGrocer abstract "HomeGrocer.com, Inc. was one of the first online supermarket businesses, started in 1997 by Terry Drayton, Mike Donald, James Fierro and Ken Deering. HomeGrocer raised a total of $440M in investments from a who's who of investors including Kleiner Perkins Caufield & Byers, Amazon.com, John Malone of Liberty Media, Martha Stewart and Jim Barksdale.HomeGrocer built and operated the first fully integrated Internet grocery operation. Unlike previous start-ups, HomeGrocer did not operate out of existing supermarkets, but instead built dedicated warehouse facilities where inventory was stored, orders picked and deliveries made using customized trucks. The first 50,000 sq ft (4,600 m2) facility opened in Bellevue, WA in early 1998 modeled on Costco warehouses and with low levels of automation. The product selection was a complete alternative to the traditional supermarket at comparable prices with an earned reputation for top quality fresh produce, seafood and meat. Deliveries were made in custom tri-temperature trucks with the distinctive HomeGrocer peach logo. Customer support was very strong and new facilities were opened in Portland, OR in May 1999, in Renton, WA in September 1999, in Irvine, CA in October 1999, in Fullerton, CA in January 2000, in Carson, CA in February 2000 in Asuza, CA in March, 2000, in San Diego, CA in April 2000 and in Dallas, TX in May, 2000. Each of these new facilities operated 7 days a week and were 100,000 sq ft (9,300 m2) with 50 delivery vehicles and a staff of 200. Daily sales reached over $1M per day by June 2000, at which time a total of 16 additional HomeGrocer facilities were under construction in markets including Atlanta, GA, Chicago, IL, Washington, DC. and Denver, CO. HomeGrocer developed all of its own technology including its award winning website, its wireless picking systems that used WiFi, and its driver "smart phones", all years before they were mainstream.HomeGrocer completed a $288M IPO in March 2000 underwritten by Morgan Stanley and DLJ but needed more capital to meet the aggressive roll out that was already well underway. With the onset of the dot-com crisis, this capital became unavailable at any price, thereby leaving the company few alternatives to survive. In September 2000, stockholders approved a $1.2B all stock buyout by the cash-rich competitor Webvan of the much larger HomeGrocer.com. HomeGrocer was rebranded to Webvan, the management team fired and the technology and processes converted to Webvan. The Webvan technology did not work very well and their execution was poor. Most telling, the eight different HomeGrocer facilities converted to Webvan saw overnight sales declines of one-third, then over 50% within two weeks and never recovered. Formerly profitable HomeGrocer facilities quickly ended up with significant losses. Studies of what happened after the merger were not kind to the original Webvan management who spent over $500M before going bankrupt less than a year later.HomeGrocer sales peaked in November 2000 at over $1.5M per day making it the largest Internet grocery business ever created until UK based Ocado exceeded it in 2010. The HomeGrocer brand was purchased out of bankruptcy and eventually ended up being owned by Amazon. It exists today, but no longer sells perishables, such as fruits, vegetables, milk, and yogurt.[1]".
- HomeGrocer fate "Merger acquisition byWebvanin 2000".
- HomeGrocer foundingYear "1997".
- HomeGrocer industry Online_shopping.
- HomeGrocer location Bellevue,_Washington.
- HomeGrocer location Kirkland,_Washington.
- HomeGrocer numberOfEmployees "2400".
- HomeGrocer wikiPageExternalLink www.homegrocer.com.
- HomeGrocer wikiPageID "24823484".
- HomeGrocer wikiPageLength "6214".
- HomeGrocer wikiPageOutDegree "38".
- HomeGrocer wikiPageRevisionID "674880048".
- HomeGrocer wikiPageWikiLink Amazon.com.
- HomeGrocer wikiPageWikiLink AmazonFresh.
- HomeGrocer wikiPageWikiLink Bellevue,_Washington.
- HomeGrocer wikiPageWikiLink Category:Companies_based_in_Bellevue,_Washington.
- HomeGrocer wikiPageWikiLink Category:Companies_based_in_Kirkland,_Washington.
- HomeGrocer wikiPageWikiLink Category:Companies_disestablished_in_2000.
- HomeGrocer wikiPageWikiLink Category:Companies_established_in_1998.
- HomeGrocer wikiPageWikiLink Category:Defunct_companies_based_in_Washington_(state).
- HomeGrocer wikiPageWikiLink Category:Defunct_supermarkets_of_the_United_States.
- HomeGrocer wikiPageWikiLink Category:Online_grocers.
- HomeGrocer wikiPageWikiLink Category:Online_retail_companies_of_the_United_States.
- HomeGrocer wikiPageWikiLink Donaldson,_Lufkin_&_Jenrette.
- HomeGrocer wikiPageWikiLink Dot-com_company.
- HomeGrocer wikiPageWikiLink FreshDirect.
- HomeGrocer wikiPageWikiLink Gopher_Grocery.
- HomeGrocer wikiPageWikiLink Gousto.
- HomeGrocer wikiPageWikiLink Grocery_Gateway.
- HomeGrocer wikiPageWikiLink Hy-Vee.
- HomeGrocer wikiPageWikiLink HyVee.
- HomeGrocer wikiPageWikiLink Jim_Barksdale.
- HomeGrocer wikiPageWikiLink Kirkland,_Washington.
- HomeGrocer wikiPageWikiLink Kleiner_Perkins_Caufield_&_Byers.
- HomeGrocer wikiPageWikiLink Liberty_Media.
- HomeGrocer wikiPageWikiLink Martha_Stewart.
- HomeGrocer wikiPageWikiLink Morgan_Stanley.
- HomeGrocer wikiPageWikiLink Ocado.
- HomeGrocer wikiPageWikiLink Online_retailer.
- HomeGrocer wikiPageWikiLink Online_shopping.
- HomeGrocer wikiPageWikiLink Peapod.
- HomeGrocer wikiPageWikiLink Publix.
- HomeGrocer wikiPageWikiLink Publix_Direct.
- HomeGrocer wikiPageWikiLink RelayFoods.com.
- HomeGrocer wikiPageWikiLink ShopRite_(United_States).
- HomeGrocer wikiPageWikiLink SimonDelivers.
- HomeGrocer wikiPageWikiLink Supermarket.
- HomeGrocer wikiPageWikiLink Webvan.
- HomeGrocer wikiPageWikiLink Winder_Farms.
- HomeGrocer wikiPageWikiLink YourGrocer.com.
- HomeGrocer wikiPageWikiLinkText "HomeGrocer".
- HomeGrocer wikiPageWikiLinkText "HomeGrocer.com".
- HomeGrocer fate "Merger acquisition by Webvan in 2000".
- HomeGrocer foundation "1997".
- HomeGrocer hasPhotoCollection HomeGrocer.
- HomeGrocer industry Online_retailer.
- HomeGrocer industry Online_shopping.
- HomeGrocer keyPeople "James Fierro , Mike Donald , Terry Drayton , Jon Landers , Ken Deering , Bob Duffy".
- HomeGrocer location "Bellevue, Washington, then Kirkland, Washington".
- HomeGrocer name "HomeGrocer.com".
- HomeGrocer numEmployees "2400".
- HomeGrocer slogan "Here comes the grocery store!".
- HomeGrocer sold "2000".
- HomeGrocer wikiPageUsesTemplate Template:Convert.
- HomeGrocer wikiPageUsesTemplate Template:Infobox_company.
- HomeGrocer wikiPageUsesTemplate Template:Reflist.
- HomeGrocer subject Category:Companies_based_in_Bellevue,_Washington.
- HomeGrocer subject Category:Companies_based_in_Kirkland,_Washington.
- HomeGrocer subject Category:Companies_disestablished_in_2000.
- HomeGrocer subject Category:Companies_established_in_1998.
- HomeGrocer subject Category:Defunct_companies_based_in_Washington_(state).
- HomeGrocer subject Category:Defunct_supermarkets_of_the_United_States.
- HomeGrocer subject Category:Online_grocers.
- HomeGrocer subject Category:Online_retail_companies_of_the_United_States.
- HomeGrocer type Agent.
- HomeGrocer type Company.
- HomeGrocer type Organisation.
- HomeGrocer type Company.
- HomeGrocer type Disestablishment.
- HomeGrocer type Establishment.
- HomeGrocer type Organization.
- HomeGrocer type Organization.
- HomeGrocer type Organization.
- HomeGrocer type Agent.
- HomeGrocer type SocialPerson.
- HomeGrocer type Thing.
- HomeGrocer type Q43229.
- HomeGrocer comment "HomeGrocer.com, Inc. was one of the first online supermarket businesses, started in 1997 by Terry Drayton, Mike Donald, James Fierro and Ken Deering. HomeGrocer raised a total of $440M in investments from a who's who of investors including Kleiner Perkins Caufield & Byers, Amazon.com, John Malone of Liberty Media, Martha Stewart and Jim Barksdale.HomeGrocer built and operated the first fully integrated Internet grocery operation.".
- HomeGrocer label "HomeGrocer".
- HomeGrocer sameAs m.080fzvp.
- HomeGrocer sameAs Q16844390.
- HomeGrocer sameAs Q16844390.
- HomeGrocer wasDerivedFrom HomeGrocer?oldid=674880048.
- HomeGrocer isPrimaryTopicOf HomeGrocer.
- HomeGrocer name "HomeGrocer.com".