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.
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Jul- 2023 -10 JulyOnline & Digital
M&S chair ‘unhappy’ with Ocado Retail performance
M&S chair Archie Norman has reportedly told shareholders last week that he is “not happy” with the performance of Ocado Retail, according to The Times. Norman also stated that there was “work to do” on the joint venture M&S runs with Ocado. Ocado Retail posted a £501m loss for this…
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Jun- 2023 -27 JuneNews
Ocado appoints new non-executive director
Ocado Group has appointed Rachel Osborne as an independent non-executive director with effect from September 2023 amid recent takeover speculations. Osborne will also be a member of the audit committee and the people committee, such appointments taking place on the date of her appointment to the board. She was previously…
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22 JuneSupermarkets
Ocado shares jump amid rumours of Amazon interest
Ocado has seen its share jump price surge by almost 32% this morning (23 June) among rumours that online retail giant Amazon could be interested in a potential takeover, according to The Times. Ocado saw its share price jump from from 424p per share at close on Wednesday to 607p…
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20 JuneSupermarkets
Grocery price inflation falls to lowest level this year
Like-for-like grocery price inflation has dropped to its lowest level since 2022 and now sits at 16.5% for the four weeks to 11 June 2023, according to the latest data from Kantar. British take-home grocery sales rose by 10.8% over the month in comparison with the same period last year.…
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May- 2023 -24 MayDepartment Stores
M&S FY sales and profits jump as turnaround strategy bites
M&S has seen its full-year profits and sales increase despite the ongoing cost-of-living crisis and tough economic conditions over the period, with the group attributing its performance to its latest turnaround strategy. Profit-before-tax rose by 21.4% to £474.7m, up against £391.7m the prior year, while group sales were up by…
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3 MayOnline & Digital
Third of Ocado shareholders vote against CEO’s £2m pay packet
Around 30% of shareholders at Ocado have voted against a measure that would see CEO Tim Steiner receive a £2m pay packet. In its AGM held yesterday (2 May), 492,647,838, or 70% of votes were in favour of the remuneration package while 212,534,897 votes were against it. It comes as…
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Apr- 2023 -26 AprilSupermarkets
Tesco and M&S among first to join Compostable Coalition UK
Representatives from Tesco, Marks and Spencer and Ocado Retail are among the first to be named as Compostable Coalition UK advisory board members. Compostable Coalition UK has assembled the advisory board as part of its UK Research and Innovation funded ‘Closing the Loop for Compostable Packaging’ research project. Funded by…
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25 AprilSupply Chain
Ocado to close warehouse risking 2,300 jobs
Ocado has announced that it is closing its fulfilment centre in Hatfield putting 2,300 jobs at risk. The retailer stated that it planned to redeploy as many staff as possible to a new centre in Luton. The centre in Hatfield, which is run as a joint operation with Marks and…
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25 AprilSupermarkets
Grocery price inflation dips as Aldi secures 10% market share
Grocery price inflation rose by 17.3% in the four weeks to 16 April 2023, down marginally on the 17.5% recorded in the previous four weeks, according to the latest data from Kantar. Amid rising prices, both Aldi and Lidl hit new record market shares over the latest 12 week period…
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18 AprilSupermarkets
Food and drink inflation in supermarkets surges 17.2% in March
Overall food and drink inflation in supermarkets rose 17.2% in March, up from 16.5% last month, according to data from Which?. The price of porridge oats increased 35.5% across Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose compared with last year. Alongside this the price of cheddar cheese rose…
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