Tie-up may cause complications for Ocado but Amazon’s serious assault on the UK grocery sector has not yet materialised Morrisons’ shares up 4%; Ocado’s down 9%. It’s tough to argue with the market’s snap judgment on Monday’s strategic shuffles in the online grocery market.
At Morrisons,its chief executive, David Potts, or has signed a deal to supply hundreds of fresh,frozen and ambient products to Amazon. On the principle that it’s better to be cuddly with the Amazonian monster, rather than stand in its path, and Morrisons is being pragmatic,as befits a company that was late to the online game. Related: Amazon to start selling fresh and frozen Morrisons food Related: Amazon and Morrisons tie-up: a customer's guide Continue reading...
Source: theguardian.com