Ocado news

02 July 2015
The Chinese online grocery market is set to be worth almost $180bn by 2020 – nearly five times its current value of $41bn, according to IGD’s Top 10 Online Grocery Markets report. In other leading markets, online growth is expected to continue at double-digit rates. This makes investment in the channel essential for companies wishing to meet the needs of the rapidly evolving multichannel shopper....
30 June 2015
Ocado’s results for the six months to 17 May 2015 saw gross retail sales up 15.7% to £511.9m. Revenue increased 18.2% to £507.7m, while EBITDA grew 11.4% to £38.2m. Pre-tax profit reached £7m, down 4% from a year ago.  Investment in price and assortment Ocado said that it continued to grow ahead of the market and highlighted investment in its Low Price Promise initiative and the expansion...
11 May 2015
Ocado is investing in a new way to pick online groceryorders using robots, according to a recent patent application Cost efficiency According to a patent filed with the US Patent and Trademark Office, Ocado is looking to increase efficiencies within its warehouses with its design for a new picking system utilising robots mounted on racks above the stacks of merchandise. This would all...
23 April 2015
Ocado Technology has announced that it will release a new, free Ocado Watch app to coincide with the device’s launch. Voice technology The Ocado app will use voice technology to allow customers to speak into their Apple Watch and add items to their online grocery orders. This gives shoppers a new way to shop for items whilst also allowing access to online product listings and real-time o...
10 March 2015
Ocado has released an encouraging trading statement with strong growth in both sales and order numbers. Sustaining growth in challenging market In the 12 weeks to 22 February 2015, gross retail sales (which includes sales through Ocado's recently launched pet store Fetch and kitchenware site Sizzle) increased by 15.2% to £252.0m. This represents a slight uptick in performance on the 14.8% g...
03 February 2015
Ocado recorded a £7.2 million pre-tax profit for its financial year ended 30 November, its first profit in fifteen years. This compares to a loss of £12.5 million a year ago. Revenue for the group was up 19.8% to £948.9 million during the period. Gross retail sales rose 15.3% to £972.4 million. Shoppers embracing online Ocado said that its growth had been helped by a channel shift towards onl...
14 January 2015
Ocado has announced that gross retail sales for the 31 days of December were up 14.8% year-on-year. Continued momentum Ocado has revealed that retail sales in December were up by 14.8% continuing the solid growth it had seen throughout the fourth quarter into the Christmas period. On its biggest trading day, sales were almost £6m, according to the company, up more than 15% compared to last ...
11 December 2014
Leading UK online grocery specialist, Ocado has released a trading statement for the final quarter of its 2014 financial year, revealing sales up by 14.9% in the 16 weeks to 30 November.  The average number of orders per week grew slightly quicker, up 16.4% to 177,000, while the average order size fell slightly, down 1.7% to £109.74.  Nudging £1bn for the full year Ocado's Q4 uplift rema...
20 November 2014
Over the two day Online & Digital event, five retailers shared their online and digital plans. Here we summarise key points from the speaker presentations. Asda Asda’s Chris Conway shared that online grocery sales were up more than 20% this year, customer frequency increased 10% and that online now accounts for 70% of Asda’s growth. Convenience and price are the top focus for Asda’s online...
20 November 2014
Earlier this week, IGD held its 4th Online & Digital Summit. Here we have captured some of the key take-outs: 1. Multichannel According to BT’s Josh Pert, multichannel will increasingly be ‘business as usual’ and he suggested that in the future we won’t use this term. After all, in a multichannel world, the customer must be at the heart of the business and they don’t talk about ‘multichanne...