Ocado Retail

Today’s news in brief-27/2/25

Aldi is consulting on a head office restructuring plan that could put 350 jobs at risk, primarily affecting buying, finance, and back-office roles. No customer-facing positions will be impacted, and the company aims to redeploy affected staff where possible. The restructuring aligns with Aldi’s growth strategy, including a £67m investment…

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Ocado to cut R&D roles as losses narrow

Ocado has revealed it is set to reduce its research and development (R&D) workforce both in the UK and globally as part of its effort to return to profitability. This comes despite the fact Ocado posted a pre-tax loss of £374.5m for the year ended 1 December 2024, a slight…

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Grocery sales climb 4.3% in January amid wellness boost

Take-home sales at the grocery retailers rose by 4.3% over the four weeks to 26 January compared with one year ago, according to Kantar’s latest grocery market share data, in part boosted by a rising demand for wellness products.   It comes as January also spelled relief for shoppers as grocery…

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Ocado retail revenues rise 17% amid boost in active customers

Ocado has revealed that its retail revenue rose 17.5% to £715.8m for the 13 weeks ended 1 December 2024. Alongside this, the joint venture between Ocado Group and M&S revealed that its active customers rose 12.1% to 1.12m. Ocado stated that it delivered another record-breaking Christmas, with its highest ever…

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Ocado Retail partners with Holland and Barrett

Ocado Retail is expanding its health and wellness offering by launching a new partnership with Holland and Barrett, the UK’s leading wellness retailer.  This is the first time that a mainstream high street retailer, apart from M&S, will be available on Ocado’s website. From today, Ocado will be adding hundreds…

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Morrisons to cease deliveries from Ocado’s Erith centre

Morrisons has announced that it will gradually cease deliveries from Ocado’s Erith Customer Fulfilment Centre (CFC).  Ocado has said that the decision comes as Morrisons has decided to process a greater share of its online deliveries through Dordon CFC and with in-store fulfilment.  This also means that Ocado Retail will…

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Today’s news in brief-6/11/24

Marks & Spencer (M&S) reported a strong half-year performance, with profits rising 17.2% to £407.8m for the period ending 28 September 2024. Revenue increased by 5.7% to £6.48bn, attributed to the company’s “Reshape M&S for Growth” strategy. Food sales grew 8.1%, while Clothing and Home sales rose by 4.7%. Despite…

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M&S profits rise by 17% in half-year results

M&S has welcomed “further progress” in its half-year results as profit-before-tax rose by 17.2% to £407.8m for the half-year ended 28 September 2024. Alongside this, the company’s revenues rose 5.7% to £6.48bn, up from £6.13bn in the same period last year, attributing its ‘Reshape M&S for Growth’ strategy to the…

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Ocado eyes former Microsoft exec for chairman role

Ocado Group reportedly has plans to recruit former Microsoft executive, Adam Warby, as its next chairman to replace Rick Haythornthwaite, Sky News has reported.   The news comes after Haythornthwaite accepted a new position as chairman of NatWest Group. He also chairs the AA, which is owned by private equity firms…

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Ocado ups FY guidance as Q3 sales rise 15%

Ocado has hiked its full-year guidance after a period of strong growth and trading in Q3, boosted by a rise in customers and its online grocery business. The group now expects full-year revenue growth to be in the low double digits, up from its previous guidance of mid-high single digits. It…

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