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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Sep- 2022 -21 SeptemberSupermarkets
Ocado shares drop amid HSBC downgrade
Ocado Retail Ltd shares dropped on Tuesday (20 September) after analysts at HSBC downgraded the retailer’s rating from ‘hold’ to ‘reduce’, according to City A.M. The lowered rating has sent Ocado’s share price down by over 7%, and this comes after Ocado lowered its FY22 outlook in a trading update…
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13 SeptemberSupermarkets
Ocado lowers outlook as customers cut back
Ocado Retail Ltd has lowered its outlook for FY22 as revenue growth in Q4 is not expected to generate full-year growth year-on-year as customers are buying smaller baskets and trading down in response to inflationary pressures. The group now expects to see a small sales decline in FY22 and close…
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7 SeptemberPeople Moves
Ocado Retail names Hannah Gibson as CEO
Ocado Retail Limited has unveiled the appointment of Hannah Gibson as its new CEO, effective from 20 September. Having spent more than 10 years at Ocado Group, Ocado said Gibson brings “extensive experience” from a range of senior customer, commercial and technology roles. She is currently chief product officer for…
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Aug- 2022 -16 AugustSupermarkets
Grocery price inflation hits new peak, Kantar finds
Supermarket sales rose by 2.2% in the 12 weeks to 7 August according to the latest take-home grocery figures from Kantar, despite grocery price inflation hitting 11.6% – the highest level since Kantar first started tracking the data this way in 2008. During the period, Lidl remained the fastest growing…
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4 AugustSupermarkets
Aldi named cheapest supermarket second month in a row
Which? has named Aldi as the cheapest UK supermarket for the second consecutive month, with savings of £12.62 compared to the average Big Four basket. Its research comes as consumers continue to look for ways to cut household costs amid the cost-of-living crisis. Which? conducted its monthly Cheapest Supermarket price…
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2 AugustNews
JD Sports names Régis Schultz as new CEO
JD Sports Fashion Plc has appointed Régis Schultz as the company’s new CEO, effective September 2022 when interim CEO Kath Smith will undertake a full handover of duties, and Smith will then resume her former role as senior independent director on the board. Schultz has a wealth of retail experience…
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Jul- 2022 -27 JulyComment
Quick delivery companies must build a brand beyond just awareness
One of the many changes in consumer behaviour brought upon by the pandemic has been the growing reliance on the rapid delivery of essential items to the home. From the urgent need of toilet paper has spawned a new wave of demand for the quick delivery of ‘nice to haves’…
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22 JulySupermarkets
M&S acquires logistics provider Gist for £145m
Marks and Spencer Group plc has announced the acquisition of Gist Limited, the principal contract logistics provider to M&S Food, from Storeshield Limited, a subsidiary of The BOC Group Limited. Under the transaction, M&S has acquired the entire share capital of Gist for an initial consideration of £145m in cash.…
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21 JulySupermarkets
Ocado losses widen to £211m
Ocado has revealed an interim loss before tax of -£211m, for the 26 weeks ending on 29 May, which it said “reflects increased depreciation and amortisation costs with the ongoing roll out of OSP, and reduced exceptional insurance income received in the period, compared with the prior year”. Meanwhile group…
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20 JulySupermarkets
Supermarket sales see minor rise amid rising inflation
Supermarket sales rose by 0.1% in the 12 weeks to 10 July 2022 despite grocery inflation rising another 1.6%, according to the latest take-home grocery figures from Kantar. This is the first time the market has registered growth since April 2021. Supply chain issues have driven costs up across the…
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