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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Mar- 2023 -28 MarchSupermarkets
Supermarket sales up 8.6% as grocery inflation hits 17.5%
Take-home grocery sales increased 8.6% over the most recent 12 week-period as grocery price inflation reached record levels. According to the latest figures from Kantar, grocery price inflation reached 17.5%, adding £837 to the average household’s annual bill, with prices rising fastest in eggs, milk and cheese. Across the retailers,…
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28 MarchSupermarkets
Ocado Q1 sales rise 3.4% to £584m
British online supermarket Ocado retail has reported that its Q1 2023 sales increased to £584m, marking a 3.4% rise over the same quarter last year, according to its trading statement for the 13 weeks to 26 February 2023. It said that an increase in the number of new consumers using…
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24 MarchClothing & Shoes
Dr. Martens appoints new director to board
Dr. Martens has appointed Andrew Harrison as an independent non-executive director following a “comprehensive” search and selection process. Harrison, who assumes the role from 1 May, is a managing partner at consumer brand investment firm Freston Ventures. He is also a senior independent director at Ocado Group, where he is…
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Feb- 2023 -28 FebruarySupermarkets
Ocado losses widen to £500m
Ocado Group has revealed its losses widened to £500m for the 52-week period ended 27 November 2022, as the online grocer said its retail revenues struggled amid the cost of living crisis. According to the update, Ocado reported its group revenues remained relatively flat at £2.5bn, however, its retail revenues…
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1 FebruarySupermarkets
Grocery Price inflation hits record 16.7%
Grocery price inflation hit a record 16.7% in the four weeks to 22 January 2023, according to Kantar, the highest level since it started tracking the figure in 2008. Overall take-home grocery sales rose by 5.7% during the 4 week period and by 7.6% over the 12 weeks. Aldi was…
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Jan- 2023 -17 JanuaryOnline & Digital
Ocado reveals Q4 revenues of £550m
Online retailer Ocado has announced revenues of £550m for 13 weeks ended 27 November 2022, an increase of 0.3% compared with last year. The strong revenues come as a result of a 1.9% increase in average orders per week, which rose to 382,000. Despite this the average basket value dropped…
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10 JanuarySupermarkets
Supermarkets see spending surge in final weeks of December
Total Till value growth at supermarkets increased to 10.9% from 7.6% in the final four weeks ending 31 December 2022, according to the latest data from NielsenIQ. Nielsen said the increase was due to accelerated food inflation, weak comparatives and strong sales in the seven-day trading week up to 24…
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Nov- 2022 -9 NovemberSupermarkets
M&S profits fall by 24% in H2
Marks and Spencers has seen its profit-before-tax fall by 23.7% to £205.5m in the second half of the year. Nonetheless, it revealed that its food offering “outperformed” both in value and volume in the UK as its sales grew 5.6% in its half year results ended 1 October 2022. It…
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1 NovemberTechnology
Ocado partners with South Korea’s Lotte Shopping
Ocado Solutions has entered the South Korean market following a new partnership with Lotte Shopping, which will aim to develop Lotte’s online business with the Ocado Smart Platform. Lotte Shopping is the largest retail affiliate of Lotte Group, a South Korean-based multinational conglomerate, with interests spanning retail, food, hotels and…
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Oct- 2022 -14 OctoberSupermarkets
Ocado shares rise amid Kroger merger talks
Ocado shares have risen over 10% after reports that its largest technology client, Kroger, was in talks with US supermarket operator Albertsons over a potential merger, which could see Ocado expand its presence in the US. Following reports from Bloomberg over a potential merger, the company rose to the top…
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