date:Jun 14, 2013
record highs, Morrisons have fallen about 9 percent over the last month.
Chairman Ian Gibson defended the deal. Morrisons will move from absolutely nowhere in online to a full offer in a little over two years, he said, adding that the venture is expected to be profitable by 2017.
Most of the people you look at in the UK delivering online food are still not profitable. They have been doing it for more than 10 years.
Morrisons is also addressing its limited exposure to convenience store markets