Amazon Pantry expansion knocks Ocado shares yet again


 

Ocado suffered at the hand of Amazon yet again last week, when the e-retail giant said it was expanding the catalogue of products on offer as part of its new Amazon Pantry service. The announcement, embedded in a Guardian interview with Amazon UK chief executive Christopher North, was followed by a sudden 3% drop in Ocado’s share price. North said he was “happy with the early numbers” Pantry had generated and that the online retailer would be “adding a lot […]