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- 2022 -18 MarchOnline & Digital
Ocado lowers growth forecast amid drop in Q1 sales
Ocado Retail Ltd has announced its revenues dropped 5.7% year-on-year in the 13 weeks to 27 February 2022 (Q1) to £564.7m, and the group said that while revenue growth for the year should be in the high-teens, the forecast has dropped to 10%. The announcement comes amid uncertainties over inflation…
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10 MarchNews
Steve Rowe to step down as M&S CEO
Marks and Spencer (M&S) has revealed that Steve Rowe will stand down as chief executive officer (CEO) as part of a planned succession programme after six years in the role, effective 25 May. Rowe will also cease full-time employment with the business on 5 July, although he has agreed to…
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Feb- 2022 -8 FebruaryOnline & Digital
Ocado FY21 losses widen amid labour shortages and robotics roll-out
The Ocado Group has reported a loss before tax of £176.9m for the 52 weeks ending 28 November 2021 (FY21), down from £52.3m in FY20, following the group’s investment in robotics and AI technology and the opening of five global fulfilment centres. Ocado said it was hit by labour market…
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Jan- 2022 -27 JanuarySupermarkets
Ocado unveils new suite of ‘game changing innovations’
The Ocado Group has announced a new suite of “game-changing” innovations for its proprietary Ocado Smart Platform (OSP) to help it compete with its rivals for rapid grocery delivery. The latest innovations include: the “world’s lightest and most efficient” grocery fulfilment bot; “dramatically lighter” grids; robotic arms that pick groceries…
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5 JanuarySupermarkets
Grocery sales hit £11.7bn in December
Take-home grocery sales reached £11.7bn in December alone as shoppers upped their spending to celebrate Christmas, according to the latest figures from Kantar. Over the 12 weeks to 26 December 2021, shoppers spent £31.7bn primarily boosted by the December performance. Although down by 3.0% compared with 2020, spending remains higher…
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Nov- 2021 -25 NovemberPeople Moves
Asda unveils new board appointments
Asda has appointed Lord Rose as its new chairman and Dame Alison Carnwath as non-executive director, with both appointments taking effect from 1 December. Rose is currently chairman of Zenith Automotive and the EG Group. Previously, he was CEO and executive chairman of Marks and Spencer, and he has also…
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22 NovemberDepartment Stores
US equity firm Apollo examines potential M&S buyout
US private equity firm Apollo has reportedly been considering a buyout of Marks and Spencer, after initially considering it to be undervalued. According to the Sunday Times, it said city sources believe that Apollo considered M&S to be a “bargain” and that the impact of Covid-19 had unfairly “weighed down”…
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9 NovemberSupermarkets
Grocery sales fall 1.9% as shopper habits stabilise
Take home grocery sales fell by 1.9% over the 12 weeks to 31 October 2021- but are still higher than before the pandemic – up 7.3% compared with 2019, according to the latest figures from Kantar. Kantar said the results come as consumers’ shopping behaviour “is beginning to stabilise” and…
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5 NovemberFeatures
The journey so far: Disability provisions in the retail sector
Tesco, among other retailers, has recently implemented a ‘quiet hour’ scheme in a bid to improve its inclusivity. Measures such as the dimming of lights and reduction of noise are included in the retailer’s plan to make shopping a more ‘calming’ experience for minority groups. Although this is evidence of…
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Oct- 2021 -12 OctoberSupermarkets
Grocery sales dip 1.2% as fuel shortage limits visits
Take-home grocery sales fell by 1.2% over the 12 weeks to 3 October 2021, as the reduced availability of petrol saw shoppers limit the number of trips to supermarkets, according to the latest figures from Kantar. Despite this dip, sales remain 8.1% higher than they were before Covid-19 and every…
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