The Internet certainly impacted the supermarket industry in 2000, but not in the way many had predicted. As valuations of e-tailers tumbled and concerns about "pure-play" Internet businesses grew, traditional supermarkets -- those that in January seemed least likely to benefit from the Internet -- by December appeared to be those most likely to gain, either through partnerships with on-line businesses or through emerging business-to-business exchanges that use the Web to facilitate trading. ...

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