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by ghaff
3296 days ago
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As of a few years ago, Peabody seems to have had revenues of about $500 million which I think was about 10% of the total online delivery market. Is there room to grow this pie? Sure. But this is a business that's been around since Webvan days and is still really a niche. For starters it's a good bet that your average Walmart customer will pay approximately zero premium for home delivery. More broadly it's just not something people have voted with their wallets for. The Silicon Valley developer who deeply resents and is stressed out by a trip to the supermarket is just not your average consumer. |
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