Ocado news

27 August 2020
Ocado has increased its stake in the UK vertical farm business, Jones Food Company, according to a report from The Telegraph. Meanwhile, Ocado’s CFO, Duncan Tatton-Brown is set to step down after eight years in the role.    Vertical farm investment   According to the report, Ocado has increased its share in Jones Food Company, which currently operates a vertical farm in Scunthorpe, to 7...
20 August 2020
Aeon has confirmed the site for the first Ocado Customer Fulfilment Centre in Japan. It will serve customers in Chiba province and the Tokyo Metropolitan Area. A first step to go live in 2023 The first Customer Fulfilment Centre (CFC) will be located in Honda-cho, Midori-ku, Chiba-city. The CFC can hold a large range of approximately 50,000 products. It operates 24 hours, with picking opera...
18 August 2020
In the 12 weeks ending 9th August take home grocery sales grew by 14.4%, according to Kantar. This was a slight slowdown compared to the 16.9% growth of the previous reporting period. Growth slowed as restrictions eased further and shoppers began to return to their normal habits, with average spend declining and frequency of visit increasing. We look at the results in more detail and the lates...
21 July 2020
Take home grocery sales continue to rise, with 16.9% growth in the 12-week period up to 12th July, according to Kantar. This was the fastest growth on record since 1994, showing what a significant impact the pandemic is having on shoppers' behaviour. The 12 weeks include sales after the initial phase of strict lockdown in April, capturing the three months following this of eased restrictions for ...
14 July 2020
Ocado's retail revenue grew by 27.2% in the first half (26 weeks ended 31 st May), whilst Group revenue (Retail, Solutions and logistics) was £1,086.8m up 23.2%.  Unprecedented, sustained demand for UK online grocery Ocado has 639,000 active customers, which is a significant decrease of (14.1)% year-on-year (YoY), as it’s had to prioritise loyal and vulnerable shoppers. These customers are...
02 July 2020
Leading food retailers are among a group of 20 major retailers to sign a declaration to develop a roadmap to tackle the causes of climate change. The initiative, led by the BRC, will develop a common position ahead of the COP26 climate change conference, which will be held next year in Glasgow having been postponed due to the coronavirus crisis. Commitment to decarbonise the entire supply chai...
23 June 2020
In the 12-weeks prior to 14th June take home grocery sales grew 13.7% year-on-year, according to the latest figures from Kantar. This is a slight slow down from the previous 12-week period where sales growth was 14.3%. We explore the growth in more detail and look at key retailers' performance. Shopping patterns remain severely disrupted This 12-week period captures the full lockdown period...
22 June 2020
Sobeys has launched its Voilà by Sobeys grocery ecommerce service in the Greater Toronto Area (GTA). Partnership with Ocado Sobeys has partnered with UK-based Ocado to launch this service. It has built a Customer Fulfilment Centre (CFC) adjacent to its existing automated distribution centre in Vaughan, Ontario, optimising Ocado’s solution. Robots are used to assemble orders, with Voilà asso...
11 June 2020
In response to the growing demand for online grocery shopping, Ocado has raised £1bn from investors.  Increase capacity and improve the Ocado Smart Platform Ocado has raised £650m through new shares, with an additional £350m in convertible bonds. The retailer said the COVID-19 pandemic has acted as a “catalyst” for a permanent and significant move towards online grocery deliveries. Ocado...
27 May 2020
The 12-week period to 17th May saw grocery sales rise 14.3%, the fastest rate since comparable records began in 1994, according to the latest figures from Kantar. We look at the results in more detail and performance from key retailers. Shoppers conducted fewer, larger shops The 12 weeks to 17th May included the pre-lockdown rush to the shops in March and eight weeks of stay-at-home advice....