A Year Ago: Now you can bargain for your groceries

Daily Newsletters

Sign up to ZDNet UK's daily newsletter.

NEWS
Priceline hopes US consumers will enjoy haggling over their crisps and lettuce, and it's getting Captain Kirk to promote the deal Priceline is licensing its "name your price" business model to a privately-held firm that will let US consumers bargain for groceries. WebHouse Club will begin trials in New York, New Jersey and Connecticut in November. The program allows shoppers to pre-negotiate prices, which are then honoured at any of the 600 participating stores. Priceline will get royalties from WebHouse Club and warrants to acquire a majority interest in the firm. WebHouse said Tuesday that it expects to get $65m (£40) in a first round of financing from investors, including Microsoft co-founder Paul Allen's Vulcan Ventures, Wit Capital, Goldman Sachs and Walker Digital (Priceline's parent company). "I think this covers everything. If we can allow consumers to name their own price for pet food and diapers we can have them name their own price for almost anything," Priceline founder Jay Walker said. "All along we've been saying it's a broadly horizontal model because it's a pricing system." Walker said the new company hopes to sign up 100,000 customers in 90 days in the New York metro area, and plans to expand the service to 25,000 stores nationwide by the end of the year. Eventually, the service will include chemists and discounts stores, as well as grocery stores, he said. Priceline made a tremendous splash with its model, which lets consumers name the price they are willing to pay for things like airline tickets, cars and mortgages. The prices are sent out to service providers, who can choose to meet the offer. Priceline's shares took a tumble recently after Microsoft unveiled a similar service for hotel rooms. Walker said that the WebHouse plan had been in the works for nine months. He said the company chose to set it up as an affiliate to gain "the focus and the energies of a startup". "When you have a public company growing very quickly it's hard to tap the energies of the startup," he said. "With an affiliate you have access to (an outside) capital pool but you still get warrants. If it's successful (Priceline can buy the company's stock)." The new WebHouse Club will debut with a $25m marketing campaign that will feature William Shatner, who has appeared in ads for Priceline. To have your say online click on the TalkBack button and go to the ZDNet News forum. What do you think? Tell the Mailroom. And read what others have said.

Post your comment

In order to post a comment you need to be registered and logged in.

You can also log in with Facebook. Log in or create your ZDNet UK account below

  • Login

Will not be displayed with your comment

By signing up for this service, you indicate that you agree to our Terms and Conditions and have read and understood our Privacy Policy. Questions about membership? Find the answers in the Community FAQ

Get ZDNet UK's daily newsletter

Enter your email address to sign up

ZDNet UK Live

Moley

For Gnome 2 die-hards, it is possible to add icons to the bottom panel (or top top panel, if you prefer) which provide the exact Gnome 2...

5 minutes ago by Moley on A tale of two distros: Ubuntu and Linux Mint
ramwellian

Your comments would seem pretty naive and immature. Your 'solution' appears to be, "gee, let's all just give in to the hackers and give them...

18 minutes ago by ramwellian on Cloud computing security: no more oxymoron?
BugStalker

"Interesting thought ... If you installed Win7 as a dual boot on a machine that previously only had Linux, and it wrecked your Linux installation,...

37 minutes ago by BugStalker on Windows 7 Declares War on GRUB
whs001

This is an excellent summary of Ubuntu and Mint and the interface differences between them. Most such articles take a very partisan position for...

41 minutes ago by whs001 on A tale of two distros: Ubuntu and Linux Mint
Moley

@ewallace. Not so clear. Anyone can obtain the text, for example from here http://www.ustr.gov/webfm_send/2379. I support ACTA so long as it and...

58 minutes ago by Moley on ACTA: Facts, misconceptions and questions
45283

I think WinRT is fantastic. I just wish it was an option for people that didn't want to go through Microsoft's App Store with its attendant...

4 hours ago by 45283 on Why Windows 8 needs architectural hygiene for WOA
Burn-IT

Nine people? £30m? Who's back pocket is that lot going in? And IF they say it is for new buildings, what about all the ones the government has...

5 hours ago by Burn-IT on Police set to launch three £30m e-crime hubs
ewallace

Just to be clear, nobody knows what is in the text of ACTA, here is a photograph of the text of ACTA http://twitpic.com/8h9iju as submitted to the...

5 hours ago by ewallace on ACTA: Facts, misconceptions and questions
fgvrg56

Unfortunately main issue is that ASUS is refusing to accept that they make some mistake on this version of asus Transformer prime. 1 - GPS sensor...

7 hours ago by fgvrg56 on Asus Eee Pad Transformer Prime Wi-Fi & GPS problems?
Ben Woods

@Marcus A fair question. Just talked with Archos which said it was working on an announcement for next week....

8 hours ago by Ben Woods on Archos confirms G9 Ice Cream Sandwich update schedule
Marcus Karlsson

Any update on this, considering the claimed "first week of February"?

9 hours ago by Marcus Karlsson via Facebook on Archos confirms G9 Ice Cream Sandwich update schedule
apexwm

Bill Goodrich : Just as al_langevin pointed out, with Windows Server 2008 there is no Services for Macintosh anymore. It's gone, not available....

17 hours ago by apexwm on Windows Server 2008 drops the ball for Mac compatibility
txtrainguy

Replying to an old topic that I'm currently facing with my CEO (who is on a Mac). Our servers are primarily Windows Servers, office is about...

23 hours ago by txtrainguy on Windows Server 2008 drops the ball for Mac compatibility
k0tcs3

Sure, that makes perfect sense. Pay wrong-doers money and thank them for breaching your security and pointing out your flaws, that would surely...

24 hours ago by k0tcs3 on US indicts Romanian over NASA climate change hack
Random_Error

I think he's referring specifically to Android apps, as Apple do regulate their App Store, but Google seem to let any old crap onto the Android store!

1 day ago by Random_Error on RIM: BlackBerry will keep 'garbage' apps out of store
Paul Fezziwig

Keep the crap apps out?! How will they compete with Android and Apple's claim to fame of having so many life changing apps? I wonder if the media...

1 day ago by Paul Fezziwig via Facebook on RIM: BlackBerry will keep 'garbage' apps out of store
Aigars Mahinovs

It has been shown time after time that if there is an author store that sells the songs at even 1$ per song and gives you a high-quality digital...

1 day ago by Aigars Mahinovs via Facebook on Copyright isn't working, says European Commission
awbMaven

""As a result of Butyka's alleged conduct, researchers were unable to use the computers for more than two months while NASA removed the malicious...

1 day ago by awbMaven on US indicts Romanian over NASA climate change hack
subhorup

It simultaneously worries me and uplifts me that a self-proclaimed group of internet activists name themselves after Indian mythical figures....

2 days ago by subhorup on Anonymous activists release PCAnywhere source code
naviathan

It's actually far easier to work anonymously on the internet than you think. With tools like Tor bouncing your traffic around the world before...

2 days ago by naviathan on Anonymous activists release PCAnywhere source code