Ocado news

19 March 2019
Ocado revenue reached £404m in its first quarter, 13 weeks to 3rd March 2019. The company saw strong growth of 11.2%, however this was impacted by a fire at its Andover Customer Fulfilment Centre (CFC) in February, equivalent to almost 1.2% of sales over the quarter. Strong basket size Order size declined by 0.2%, whilst still strong at £110.24. Ocado’s average orders per week are up 11....
27 February 2019
M&S will acquire a 50% share in Ocado's UK retail business for £750m. Ocado's commercial agreement with Waitrose will come to an end in 2020. Details of the deal M&S will pay up to £750m for its stake: £562.5m on completion and up to £187.5m plus interest after five years This will be funded by selling £600m shares and cutting dividends to shareholders The transaction is expected t...
20 February 2019
Kroger and Ocado will open the second and third of 20 Customer Fulfillment Centres (CFC) in Central Florida and Mid-Atlantic. Optimising new technologies Ecommerce has been a major focus for Kroger over the last year. In 2018, Kroger announced a strategic partnership with Ocado which will see them jointly develop up to 20 automated fulfilment centres for grocery ecommerce in the US. These w...
18 February 2019
The UK’s Groceries Code Adjudicator, Christine Tacon, has today (18 February) launched her annual survey, inviting suppliers to share their experiences of trading relationships with major retailers and highlight any issues they are facing.   This year the survey – the sixth carried out by the GCA - includes Ocado and B&M, which were designated by the Competition and Markets Authority in Novemb...
06 February 2019
Online grocery retailer Ocado is to trial a one-hour delivery service in London next month. Ocado Zoom The one-hour delivery service, Ocado Zoom, is set to launch in March in west London initially, with plans to expand the service if customer feedback is positive. Around 10,000 products will be available to customers for delivery within one hour. The service will cater for smaller basket...
05 February 2019
Online grocery retailer Ocado has announced strong trading results for the year 2018. Ocado’s retail revenue is up 12%, now at £1,475.8m for the year to 2 nd December. Strong retail performance Ocado’s retail business delivered a revenue of £1,475.8m compared to £1,317.4 in 2017. Revenue growth rate in 2018 was up 12% year-on-year, similar to 2017’s +12.4%. This year, Ocado Retail has b...
11 January 2019
Online retailer Ocado has introduced a palm oil-free ‘aisle’ to its website and the Ocado app. Growing demand Ocado’s customers can now browse over 3,000 products that do not contain palm oil. Ocado aims to make searching for palm oil-free products easier and simplify this process with the new aisle on its website. The launch follows a 28% increase in searches for palm oil-free products in ...
13 December 2018
Ocado Retail’s revenue increased 12% in its fourth quarter (13 weeks to 2nd December) an increase on Q3’s 11.5% and a first half performance of 11.7%. Ocado is now delivering 320,000 orders on average per week, an increase of 13.1% year on year and its newly opened robotic customer fulfilment centre in Erith is now processing 30,000 orders per week. Its average basket size is still strong a...
20 November 2018
Kroger and Ocado will open the first of up to 20 planed Customer Fulfillment Centres (CFC) in Monroe, Ohio. Optimising Kroger’s density in the region Earlier this year, the retailers formed a strategic partnership to optimise Ocado’s technology solutions for its ecommerce operations. The first CFC will be located north of Cincinnati, where Kroger is based. The retailer has significant densi...
18 September 2018
Ocado revenue reached £348.6m in its third quarter, 13 weeks to 2 September. The company saw growth of 11.5%, with strong performance from new CFCs at Andover and Erith. Basket size remains stable In line with last year, average order size is still strong at £106.26. 283,000 orders are being placed per week on average, an increase of 11.4% on last year. Strong initial growth at Erith CFC...