Recent media coverage has highlighted the possibility of Amazon’s online grocery offer (Amazon Fresh) being launched in the UK this year with a feared negative impact on Ocado, the UK’s leading online grocery retailer. We believe these fears are overdone and are reminiscent of Wal-Mart’s entry into the UK with its 1999 acquisition of ASDA, which did not change the UK food retail sector in a material way (unlike the recession a decade later coupled with the expansion of Germa
04 Aug 2015
Who's afraid of Amazon?
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Who's afraid of Amazon?
Ocado Group PLC (OCDO:LON) | 454 -51.8 (-2.4%) | Mkt Cap: 3,764m
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04 Aug 2015 - Author:
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Recent media coverage has highlighted the possibility of Amazon’s online grocery offer (Amazon Fresh) being launched in the UK this year with a feared negative impact on Ocado, the UK’s leading online grocery retailer. We believe these fears are overdone and are reminiscent of Wal-Mart’s entry into the UK with its 1999 acquisition of ASDA, which did not change the UK food retail sector in a material way (unlike the recession a decade later coupled with the expansion of Germa