And, of course, a fleet of vans to deliver the goods. The difference is that Ocado don't have bricks and mortar stores, they are a pure-play online offering - their only physical sites being highly sophisticated, automated, distribution warehouses. (£21.7BN) which has nudged past that of the dominant player Tesco - who have a 26.8% market share. Ocado has a 1.7% share of the UK grocery market, yet has a market cap. In a mirror image of the global automotive industy, the UK's retail industry is offering up similarly outlandish company valuations - if, that is, you are a 'technology company'.
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