Ocado news

06 August 2019
The online retailer completes its deal with M&S and the appointment of former M&S director as new chief exec for Ocado is announced. M&S acquires half of the Ocado Retail business Ocado completes the £750m deal with M&S which sees M&S acquire half of the Ocado Retail Ltd business. The plans were initially announced in February , but Ocado will not start selling M&S products until Septem...
25 July 2019
In the 12 weeks leading up to the 14th July overall market sales fell by 0.5%. This was the first decline in market growth since June 2016. We look at the factors influencing this and key retailers' performance. Cooler weather and lack of seasonal events slows performance This decline was not unexpected as retailers were up against a challenging comparative period where the heat wave and wo...
09 July 2019
Ocado's retail revenue grew by 9.7% in the first half (26 weeks ended 2 nd June), whilst Group revenue (Retail and Solutions) was £882.3m up 10.5%.  Strong sales from Ocado Retail Ocado Retail reported a strong first half with revenue +9.7%, despite sales being impacted (2)% due to the fire at its Andover customer fulfilment centre (CFC). It now has 745,000 active customers, an increase of...
25 June 2019
Market growth was 1.4% in the 12 weeks to 16 June 2019, according to the latest results from Kantar. Performance has slowed compared to this time last year, when growth was 2.1%. We look at the factors influencing this and key retailers' performance. Cooler weather slows growth This year growth is more modest due to the cooler weather and lack of celebratory occasions such as the World Cup ...
11 June 2019
Online retailer Ocado has announced it has invested £17m in the vertical farming industry. Newly emerging industry Ocado has announced plans to expand into food production with two complementary investments into the newly emerging vertical farming industry. Vertical farming is the production of food in indoor facilities where crops are grown on a series of levels in a precisely-controlle...
09 May 2019
Sobeys has revealed that its new grocery home delivery service, launched in partnership with Ocado, will be Voilà by Sobeys in Ontario and Voilà par IGA in Quebec. First customer fulfilment centre under construction Last year, Sobeys announced that it would partner with UK-based Ocado to launch an ecommerce service into the Ontario market. Sobeys is currently constructing a new customer ful...
09 May 2019
Morrisons has become the first of the Big Four to report Q1 numbers for the 2019/20 financial year and agreed new arrangements with Ocado that give it greater freedom to develop its online offer. Group LFL sales rose by 2.3% in the 13 weeks to May 5th (excluding fuel), its 14th consecutive quarter of growth. It also means Morrisons has now achieved four consecutive years of LFL growth on growth. ...
09 May 2019
Ocado has announced it has acquired a minority stake in robotics start-up Karakuri, that will enable the online retailer to use robotics for the preparation of ready-to-eat meals. Revolutionising the preparation of ready-to-eat meals Karakuri’s new machine can automate the assembly of ready-to-eat meals, using configurable, modular design that can be installed in-store or in dark kitchens. ...
02 April 2019
Growth slowed to 1.4% in the 12 weeks to 24th March, according to Kantar. This makes it the slowest growth rate since March 2018. Inflation edged up from 1.4% to 1.5% causing implied volumes to dip into negative territory. We look at the results in more detail. Seasonal changes impact growth Despite the uncertainty surrounding Brexit challenges have mainly come for retailers from changes to...
26 March 2019
Online retailer Ocado has announced a partnership with Coles to develop its online grocery business in Australia. This is the fifth international partnership for the Ocado Smart Platform in less than 18 months. Developing Coles’ online business Coles is one of Australia’s largest grocery retailers, generating sales of AU$39.4bn in 2018. It operates 818 supermarkets across the country. The r...