I was reading that article last night but didn't understand what they meant by "French retailers managed to turn the tide after a law change in 2008, which allowed them to freely negotiate prices with suppliers, prompting cooperative Leclerc to go on the offensive, followed in late 2011 by market leader Carrefour", did this mean they weren't to allowed to negotiate freely on pricing which would have been ridiculous? I assume they mean as a co-operative under the one banner as it were. I don't see this as a threat to Ocado so much as the discounters are only one segment of multichannel the same as Ocado and it's online operation. Shoppers will use the channel that is most convenient to them price v time
not sure what to make of this, with regards to Ocado, but interesting all the same... https://uk.news.yahoo.com/france-shows-uk-grocers-beat-discounters-own-game-124207276--finance.html#aVcNSbu
You've made an interesting comment there probably without knowing it, yes there was no one else to do a deal with which is why grocers from around the globe have descended on Dordon and why we can expect to see further agreements announced. Morrison's could have done it themselves but here was a solution already there for them which they grabbed with both hands. As I've posted before Morrison's approached Ocado back in 2010 for an online agreement but JLP (Waitrose) blocked it being a major shareholder at that time.
Well my stop was hit this morning, so profits were auto taken. Expecting to reopen around 250p though, so perhaps our discussion can resume then! I think Morrisons/Ocado did a deal because there was no one else to do a deal with.
RE: Park Royal
that is correct
I've heard that the Park Royal spoke will most likely be opening in January.
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