The story is no longer about a van delivering someone’s weekly shopping
Thursday 25 Jul 2019 Author: Ian Conway
The last two years have seen a transformation in Ocado’s ( OCDO ) business model from a grocery partner for a couple of middling UK supermarket chains – WM Morrison ( MRW ) and Waitrose – to a software-driven facilitator of online delivery for more than half a dozen retailers, many of which are based overseas. The shares have re-rated dramatically, from 300p two years ago to £14 earlier...