QuickView: Who’s afraid of Amazon?
Recent media coverage has highlighted the possibility of Amazon’s onlinegrocery 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 German hard discounters). Going
forward, the endorsement of the Ocado Smart Platform by new partners
should provide reassurance about the viability of Ocado’s online model.
Ocado Group is an online grocery retailer. Co.'s principal activities are grocery retailing and the development and monetisation of Intellectual Property and technology used for the online retailing, logistics and distribution of grocery and consumer goods. Co. has two reportable segments: Retail, which provides online grocery and general merchandise offerings to customers within the U.K.; and Solutions, which provides end-to-end online retail solutions to corporate customers within and outside of the U.K. OCADO retails brand include ocado, fetch, Sizzle, and FABLED marie Claire. OCADO solutions brand include Groupe Casino, Sobeys, and Morrisons.
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