Ocado news

10 December 2020
Ocado Retail has announced an increase in revenue of 35% to £579.6m in its fourth quarter, 13 weeks to 29 th November 2020. Strong demand for online grocery The increase in revenue has been driven by the strong demand for online grocery, as well as the continuation of a smoothed trading week. This is due to more consistent and stable order levels throughout the week, in comparison to the p...
08 December 2020
A combination of shoppers planning earlier for Christmas, and a national lockdown in England, led to the grocery market's fastest rate of growth since August. The market grew 11.3% in the 12 weeks to 29 November, according to Kantar. We look at key retailers' sales growth, the latest online developments, and highlight format development from the Big Four in November.  Preparing for Christmas a...
25 November 2020
Building on their existing strategic relationship, Kroger and Ocado are expanding their collaboration to include in-store fulfillment. Improving channel economics The extension of the partnership will see Kroger optimise Ocado’s in-store fulfillment solution. This includes proprietary software that supports associates in assembling orders, making it easier and more efficient to find product...
10 November 2020
Market growth in the 12 weeks to November 1st slowed slightly to 9.3%, from 9.4% in the previous reporting period, according to the latest Kantar results. We look at key retailers' sales growth and market share in more detail, including standout performances from Iceland, Lidl, Morrisons and Waitrose, who all grew above the market. Panic buying has not returned to levels seen before the first ...
03 November 2020
Ocado has announced it will acquire two robotic companies based in the US, Kindred Systems and Haddington Dynamics. Enhancing robotic picking capabilities Ocado is acquiring Kindred Systems, and advanced AI-powered robotics company, for around $262m. Kindred designs, supplies and services sophisticated piece-picking robots for ecommerce and order fulfilment. This robotic picking solution is...
20 October 2020
Ocado announced the acquisition of a minority stake in robotics startup Myrmex, and is due to take a seat on its board. Materials handling robotics Fremont, California-based Myrmex is a materials handling robotics start-up with a unique offering including autonomous mobile robots and intelligent asset handling systems. The startup’s set of solutions notably enables click-and-collect deliver...
14 October 2020
In the 12 weeks ending 4th October market growth was +9.4%, according to Kantar, the first time we have seen it drop from double digits since April. In this article we explore the growth in more detail, leading retailers' performance, and highlight key pieces of content you may have missed in September and October. Changing restrictions once again impact behaviour Despite the overall drop f...
29 September 2020
Following an announcement earlier this summer, Kroger and Ocado have confirmed Romulus, MI as the location for a Customer Fulfillment Centre (CFC). Supporting customers in Michigan, Northern Ohio, and Indiana In June, Kroger announced that it would open new facilities in the Great Lakes, Pacific Northwest and West regions as part of its strategic partnership with Ocado. Confirming Romulus a...
15 September 2020
Market growth once again slowed in this reporting period as shoppers continued to return to their pre-Covid behaviours, and many stopped shielding. In the 12 weeks ending 6th September take home grocery sales grew by 10.8%, according to Kantar. This was the fifth month to see double digit growth, however was a slowdown compared to the 14.4% growth seen in the previous reporting period. We l...
15 September 2020
Ocado's retail revenue grew by 52% in Q3, for the 13 weeks to 30 th August 2020. Driven by average order size In Q3, retail sales grew faster in comparison to Q2 due to demand remaining high versus a “seasonally soft” quarter in Q3 2019. The increase in revenue has been driven by an average order size of £141, up over 30% YoY. Whilst average order size continues to normalise from COVID-...