Ocado
This coverage analyses Ocado’s performance and strategy within the UK retail and grocery sector, focusing on its technology-driven fulfilment operations, partnerships, financial results, leadership changes, and innovations in online retailing. Reporting helps retail managers and executives assess how Ocado’s model and decisions influence the broader grocery and e-commerce landscape.
-
Mar- 2024 -25 MarchNews
Today’s news in brief-25/3/24
Former UK Chancellor Nadhim Zahawi is reportedly in discussions with online retailer The Very Group regarding the role of its new chair. While talks are ongoing, Zahawi’s potential appointment could signal a shift in leadership dynamics within the company, following the departure of its previous chair, Dirk Van den Berghe.…
Read More » -
25 MarchSupermarkets
Ocado faces shareholder revolt over £15m CEO bonus
Ocado reportedly could see a shareholder revolt over executive pay after a proxy advisor recommended investors vote against the retailer’s new bonus scheme, which could mean CEO Tim Steiner receives up to £14.8m, The Times has reported. As a result, the Institutional Shareholder Services (ISS) has recommended that shareholders vote…
Read More » -
5 MarchNews
Today’s news in brief-5/3/24
According to the British Retail Consortium (BRC), total retail sales rose by 1.1% in February year-on-year, attributed partly to February being the wettest on record. While food sales increased by 6%, non-food sales decreased by 2.5%, both below previous averages. In-store and online non-food sales also experienced declines. Despite positive…
Read More » -
5 MarchSupermarkets
Supermarket sales slow as retailers push branded promotions
Total Till sales at UK supermarkets slowed +5.3% in the last four weeks ending 24 February 2024, according to new data released today by NIQ. This is a slight slowdown compared with the +6.6% increase reported last month, a result of food inflation falling to 5%. However, grocery retailers capitalised…
Read More » -
5 MarchNews
Ocado launches Best of British aisle
Ocado Retail has launched a new Best of British aisle to showcase UK produce. Unlike other supermarket British aisles which can include products manufactured in the UK with ingredients from around the world, Ocado’s aisle exclusively features products both grown and produced locally. Its selection is the largest of any…
Read More » -
Feb- 2024 -29 FebruaryNews
Today’s news in brief-29/2/24
UK retail destinations saw a decline in footfall by -2.2% overall for the month. The start of February was marked by rail strikes and disruptions, though footfall initially rose by +2.9%. The half-term holiday in the third week contributed to a rise in footfall of +8.3% from the previous month,…
Read More » -
29 FebruarySupermarkets
Ocado posts £394m FY loss despite improved cash flow
Ocado has posted a £394m pre-tax loss for FY23, despite also reporting strong revenues growth, positive adjusted EBITDA and improved cash flow across all of its businesses. The pre-tax loss comes after the retailer was boosted by £187m from a settlement with Norwegian competitor AutoStore. Despite the loss, the company…
Read More » -
27 FebruarySupermarkets
Grocery sales jump 5% as food price inflation falls
Total grocery sales increased 5.1% to £35.3bn for the four weeks to 18 February 2024, as grocery price inflation fell 5.3%, marking the lowest rate since March 2022, according to the marketing data and analytics company Kantar. February also saw a return to indulgence for some consumers as dry January…
Read More » -
21 FebruarySupermarkets
Ocado to stock frozen ready meals for pets
Frozen petfood startup Ted’s Bowl has secured an Ocado listing for its range of frozen ready meals for pets, according to The Grocer. From Friday (23 February), the brand will offer seven microwavable frozen meals suitable for puppies, adult dogs, senior dogs, kittens and adult cats. The premium dishes feature…
Read More » -
7 FebruaryNews
Today’s news in brief-7/2/24
Amazon’s Luxury Stores in Europe have partnered with resale platform Hardly Ever Worn It to offer pre-owned luxury items across various categories. This collaboration aims to provide customers in the UK, Germany, Spain, and Italy with access to high-quality, designer goods that have hardly been worn. Hardly Ever Worn It…
Read More »
