While it didn’t live up to the hype, ecommerce has several advantages over bricks and mortar retailing. My long-time fav, and George Soros’, has been Bluefly.com. Now that George has reduced BFLY’s cash-crunch risk, it’s a great time to invest. Yesterday’s earnings reported 1Q loss of $1.1M on a 65% QOQ revenue increase.

This is the best discount retailer play I see. The stock, at $1.65, has a $14M market cap and, as of 12/01, had $6.2M in short term debt