US company is still behaving like a souped-up convenience store but the full-line offer is surely comingMorrisons’ shares up 6%; Ocado’s down 8%. It’s tough to argue with the market’s snap judgment on Monday’s strategic shuffles in the online grocery market.
On the principle that it’s better to be cuddly with the Amazonian monster than to stand in its path,the chief executive of Morrisons, David Potts, and is being pragmatic in signing a deal to supply hundreds of fresh,frozen and ambient products to the US online retailer.
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Source: theguardian.com