Morrisons and Amazon unveiled an early Christmas cracker today with news of their blossoming relationship.
It’s a win-win for both players.
Morrisons’ kudos as an online player is further boosted, while Amazon’s grocery credentials are strengthened.
However, the loser today appears to be Ocado, whose share price has tumbled 8%. Ocado has its own contract with Morrisons and analysts have said it “unclear” what this will mean for the firm.
And whether this will convince the German discount duo – Aldi and Lidl – to fast-track a major move into ecommerce is another one to ponder. Clive Black runs the rule over why the pair have seen their growth slow.
Elsewhere, Currys PC World and AO.com have come under the Which? spotlight, fashion chain Jaeger looks set to leave Bicester Village and Wilko has secured the services of ex-Tesco big-hitter Robin Terrell.
Quote of the day
”We fundamentally disagree with the approach taken by Which? in this report” – Currys PC World on the consumer group’s probe into Black Friday pricing
Today in numbers
How much it will cost an Amazon Prime shopper to have their Morrisons order delivered to them in an hour
The percentage of Black Friday online sales that are predicted to come from a mobile device
James Wilmore, news editor