FOSTER CITY, Calif., and DALLAS, Jan. 4 /PRNewswire/ --
Webvan Group, Inc. (Nasdaq: WBVN) and Fleming (NYSE: FLM) today announced the
introduction of the "BestYet(R)" label as webvan.com's value brand for all
10 markets, which will roll out over the next several months.
Adding a value brand program to Webvan's product offering will benefit
Webvan's customers. Webvan tested the concept of a value brand tier in the
Atlanta market, where it was received positively by Webvan's customers. From
an economic standpoint, adding a value brand tier to the product mix makes
sense for Webvan, as these products have traditionally higher margins.
"Webvan continues to give our customers a complete shopping experience
that offers high-quality, competitively priced products delivered to their
home or offices at a time of their choosing," said George T. Shaheen, chairman
and CEO of Webvan Group, Inc. "The BestYet(R) brand delivers exactly what
many of our customers told us they want -- outstanding value and high quality.
As we listen to customer suggestions and feedback, Webvan's product offering
continues to expand with a wide variety of products that eliminate their need
to run multiple, time-consuming errands."
"We are pleased about fulfilling Webvan's need for quality, value,
assortment & price in a store brand," said Mark Hansen, chairman and CEO of
Fleming. We believe the BestYet(R) store brand will appeal to the
discriminating online shopper, who pays for quality, but is value driven and
responds to product comparisons."
About Webvan
Webvan Group, Inc. is setting a new standard for Internet retailing,
combining the convenience of online shopping with a personalized courier
service that delivers products into customers' homes within a timeframe of
their choosing. Through its Web sites, http://www.webvan.com and
http://www.homegrocer.com , Webvan offers a broad selection of quality
products at competitive prices. The company's relentless focus on customer
service, innovation, and value saves its customers time and money. Webvan's
corporate headquarters are located in Foster City, CA.
About Fleming
Fleming is a $15 billion company and industry leader in distribution and
has a growing presence in value retailing. Fleming's primary business is
buying and selling merchandise. The company serves approximately
3,000 supermarkets including more than 800 North American stores of global
supermarketer IGA, franchises of Piggly Wiggly and other regional banners,
3,000 convenience stores and nearly 1,000 supercenters, discount, limited
assortment, drug, specialty, e-tailers and other businesses across the
country.
CONTACTS:
(Media) Randy Hatcher/Fleming 972.906.8823
(Media) Bud Grebey/Webvan 650.627.3558
(Investors) Alan McIntyre/Fleming 972.906.8126
SOURCE Fleming
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Related links:
http://www.homegrocer.com
http://webvan.com http://www.fleming.com
CONTACT:
media, Randy Hatcher, +1-972-906-8823, or
investors, Alan McIntyre, +1-972-906-8126, both of Fleming; or
media, Bud Grebey of Webvan Group, Inc., +1-650-627-3558
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