Internet retailer Amazon piled the pressure on Ocado today with the overnight launch of a grocery division selling 22,000 products including brands such as Pampers nappies, Ariel washing powder and Pedigree Chum dog food.The company, best known for its online sales of books and CDs, made the surprise announcement hot on the heels of the publication of the float prospectus for Ocado, which is aiming for a market valuation of £1.37bn when it lists on the stock exchange later this month.
http://www.guardian.co.uk/business/2010/jul/07/amazon-groceries-ocado-flotation
Amazon launches online groceries division as Ocado gears up for flotation
Internet retailer Amazon piled the pressure on Ocado today with the overnight launch of a grocery division selling 22,000 products including brands such as Pampers nappies, Ariel washing powder and Pedigree Chum dog food.