Ocado news

16 July 2018
Catalan distribution group, including Bon Preu, Esclat and EsclatOil, is to strengthen its online grocery channel through a partnership with Ocado. New ecommerce website With the alliance, the group will launch a new ecommerce website and app as a short-term priority, possibly later in 2018. New features include searching for favourites or allergens and allowing customers to modify their ba...
10 July 2018
Ocado's retail revenue grew by 11.7% in the first half, whilst Group revenue (Retail and Solutions) was £799.9m up 12.1%. Ocado Retail revenue was £736.6m and the Solutions business was £63.3m, an increase of 16.8%. The Ocado Group reported a loss of £(9)m versus a profit before tax of £7.7m last year. Efficiency and investment Ocado reported an improvement in deliveries per van per w...
17 May 2018
UK-based Online grocer Ocado has announced its fifth international deal, with US grocery retailer Kroger. Under the terms of the agreement, Ocado's technology will be used in the US exclusively by Kroger, with the US firm also increasing its investment in the company by five percent. This will bring its investment in Ocado to more than six percent.  Identifying up to 20 sites for development ...
08 May 2018
Online retailer Ocado has introduced an improved list functionality called Meal & Lists. The initiative makes it easier for shoppers to build their baskets.   Source: IGD Research Improving the shopper experience Ocado research has shown that customers typically have a small repertoire of meals that they shop regularly. The Meal & Lists function allows shoppers to organise ...
02 May 2018
Ocado has announced a partnership with ICA to develop its online grocery business in Sweden. This is the third international partnership for the Ocado Smart Platform in six months. Exclusive partnership The Swedish market leader will use Ocado's e-commerce platform and technology for its automated picking warehouses. ICA hopes this will improve its customer offering and boost efficiency....
01 May 2018
The latest data from Kantar Worldpanel shows that in the 12 weeks to 22 April 2018, the GB grocery market grew by 2.0%, a slowdown on the 2.5% seen in the previous period.  As well as the effect of mostly disappointing spring weather, growth is being progressively being impacted by slowing inflation, which fell to 2.1% in the 12 weeks. Discounter growth below 10% While still performing well...
21 March 2018
Ocado revenue reached £363.4m in its first quarter, 13 weeks to 4th March. The company saw strong growth of 11.7%, however adverse weather in the final week had a negative impact, equivalent to almost 1% of sales over the quarter. Strong but declining basket size Average order size is still very strong at £110.45, with 280,000 orders being placed per week on average. Order size declined ...
08 March 2018
As the world’s largest online only supermarket, Ocado handles millions of online activities every minute as its customers navigate its website and apps, add items to their trolleys, choose delivery slots, and check out their orders. These interactions result in petabytes of data being collected in Ocado’s data bank stored in Google Cloud. The challenge One challenge facing any retailer o...
06 February 2018
Online grocery retailer Ocado has announced strong trading results for the year 2017. Ocado's retail revenue is up 12.4%, now at £1,317.4 million for the year. Strong retail performance As well as strong sales growth, EBITDA increased by 4.5% to £79.2 million. General Merchandise revenue has also seen an increase, growing by 35%. Average basket value stands at £107.20. Although this was ...
01 February 2018
Online retailer Ocado has announced the appointment of Luke Jensen to the board as executive director. The Ocado Solutions chief executive will take up his new position at the beginning of March. Key experience Luke Jensen joined Ocado in February 2017. He previously held the role of group development director at Sainsbury's, where he was responsible for all online and digital activities...