Ocado news

Ocado has launched the UK's first autonomous grocery delivery trial in Greenwich, London. Partnering with the GATEway Project Ocado Technology has partnered with the GATEway Project (Greenwich Automated Transport Environment) for the UK's first driverless grocery delivery trial. The trial involved delivering free groceries using an electric self-driving van called CargoPod, to residents in ...

Ocado reported strong growth in recent results and is now looking to raise £350m for expansion by launching bonds and extending its credit facility. Profit and sales growth Ocado reported profit and sales growth for the 22 weeks to April 30. Retail sales increased by 25% to £600.4m. Pre-tax profit during the period increased by 46% to £6.7m. This period had an extra two weeks compared to th...

Ocado has announce that on 3 rd June 2017 it signed an agreement with a regional European retailer to use Ocado Smart Platform (OSP).   The retailer wishes to remain anonymous until it launches its online business in order to retain competitive advantage.  Ocado will provide this partner with its full software platform, know-how and support services required to create an efficient and inte...

Kantar Worldpanel's latest market share release, for the 12 weeks to 23 April, shows that GB grocery accelerated to +3.7% in the period, the fastest rate of growth seen since September 2013.  As well as benefiting from buoyant Easter spending, value growth in the market was boosted significantly by the further rise of inflation, which stepped up to 2.6% over the 12 weeks.   ...

Ocado has launched a competition that gives small suppliers the opportunity to be listed and receive a £20,000 marketing package to promote their product. Support for small business Now in its third year,  the competition will see entrants pitch their product to Ocado buyers. Ocado stated that previous winner, Hiver Beer has moved from a small scale start-up to a successful business and Hiv...

In its first quarter update, Ocado has announced that sales have increased by 13.1%. Strong order growth The sales growth is in line with the previous quarter and driven by orders growth of 16.7%. Ocado is now delivering 252,000 orders each week versus 216,000 last year. The order growth is a result of new shoppers using the service and more customers using the Ocado 'Smart Pass' to shop mo...

Ocado is testing grocery delivery by electric vehicles in London with benefits including reduced carbon footprint, reduced congestion and reduced noise levels. About the vehicle As reported by The Independent, the bike-like TRIPL vehicle, designed in Denmark, is small and manoeuvrable, which makes it easier to deliver to confined areas or busy roads. The vehicle is suited to short deliverie...

Revenue up 14.8% For the 52 weeks to the 27th November, revenue increased by 14.8% to £1.27bn and profit before tax increased by 21.8% to £14.5m. Total order volumes grew by 17.9% to an average of over 230,000/ week. The number of active customers (shopped within the previous 12 weeks) increased by 13.9% to 580,000.  The average basket was £108.10 and declined 2.7%.  The continued uptake of Oc...

In Q4, Ocado has delivered a 13.1% increase in gross sales and achieved a 13.6% increase over the last 12 months. Strong sales and order growth In the 16 weeks to 27th November, average orders per week grew 17.6% to 241,000 in Q4 (Q4 2015: 205,000).  The growth in orders was being driven by both new and existing customers. Declining basket The average basket size decreased by 2.9% from co...

Ocado has introduced its new 'Smart Home' section, which will sell smart home products alongside groceries. Smart home products available Ocado now sell smart home lighting, heating, security, home control and Wi-Fi range extenders. Products include Philips Hue lighting, Hive thermostats and TP-Link smart plugs, which can be controlled through mobile apps and  Amazon Echo .  Nelson Qia...