HSBC: Online Grocery Delivery Is 'The Emperor's New Clothes'
March 14, 2016 | 1 min to read
If there is one thing that pretty much everyone agrees on, it is that online shopping and home delivery are the future.
Not at HSBC.
HSBC retail analyst David McCarthy and his team just made the most surprising call of the year so far, questioning the "viability" of the entire sector, calling it the "emperor's new clothes":
The Emperor's New Clothes
On-line retailing may be glamorous and exciting for those involved in developing it but the fact that the on-line grocery market continues to grow at only half the rate of discounters (and a quarter of the rate in cash terms) suggests consumers value lower prices over home delivery.
To read the rest of the story, please go to: Business Insider