'Microsoft of retail': Ocado plots move into clothes and homeware

Chief executive wants to exploit firm’s skill at ‘moving things’ under expansion plansThe online grocer Ocado has outlined ambitious expansion plans that include a move beyond groceries into using its hi-tech warehouses to sell clothing and homeware. The company was dubbed the “Microsoft of retail” by one analyst after recently signing a blockbuster deal with the US supermarket Kroger which propelled the company into the FTSE 100. Continue reading...