Amazon’s declaration that it is to enlarge its food-delivery platform in the UK has sent ripples through the British stock exchange, with leading e-commerce company Ocado experiencing a fall in its stock market price of eight per cent between 24 December and 30 December, theguardian.com reports.
Amazon Pantry, which launched last month, has said simply that it is “really happy with [its] early numbers.”
At present, the platform stocks over 4,000 SKUs, but the announcement that it will soon add fresh produce to its product portfolio has created a sense of intensifying competition in the online grocery sector. This is particularly the case in London, where Amazon is concentrating its distribution network.
Amazon Pantry will go global when it has "got the offer right, and the economics," it has said.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. To subscribe to ESM: The European Supermarket Magazine, click here.
