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Ocado Shares Tumbles After Amazon's Grocery Expansion Plans In UK

December 29, 2015: 12:00 AM EST
Shares of stock of online grocery distributor Ocado declined following online retailer Amazon’s announcement of its plan to expand its Pantry grocery delivery service in the UK. Launched in November 2015, Pantry offers customers about 4,000 grocery and household products. Amazon UK chief executive Christopher North said his company plans to add thousands more to its product lineup.
"Ocado slides on concerns over Amazon expansion", ShareCast, December 29, 2015, © Digital Look Ltd
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