Kozmo drops IPO, targets pricier fare.(Brief Article)

Video Business, August, 2000

* Citing market conditions, struggling Web-based delivery service Kozmo.com officially pulled its initial public offering and will begin to stock pricier items as part of its quest to turn a profit. The etailer, which now delivem goods ranging from video rentals to snacks to videogame hardware, will launch a back-to-school section this week as the first of several new product lines.

"We'll be adding office supplies, expanding our food category and adding a gift section so people in Los Angeles can buy gifts for people in one of our other 10 markets," a spokesman said. Wine, beer and gourmet food items may also be added.