WESTWOOD, Mass. -- Internet grocer Streamline.com here said it is talking with supermarkets and other potential financial partners in an attempt to raise funds to stay afloat. Streamline, which said in May it had hired an investment bank to seek financing alternatives, had $6.9 million in cash as of July 1, the end of its fiscal second quarter. Streamline spent between $3 million and $4 million during the quarter and has cut back on marketing expenses, founder and president Tim DeMello said ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.