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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Aug- 2019 -5 AugustOnline & Digital
M&S strategy director to lead Ocado Retail following deal completion
Ocado has completed the 50% sale of its Ocado Retail business to Marks and Spencer and has announced the appointment of Melanie Smith to lead the joint venture. Smith, currently the strategy director at Marks and Spencer, will become the CEO of Ocado Retail Limited and will be joined by…
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Jul- 2019 -29 JulyOnline & Digital
Ocado to create 300 jobs at new customer service hub
Online grocery retailer Ocado has signed a 15-year deal to let the top two floors of The Beam, in Sunderland, where it will base its second customer service hub. The 300 new roles at the site are expected to “provide key customer service support” for the upcoming joint venture with…
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10 JulySupermarkets
M&S warns it could close more than 110 stores
Marks and Spencer chief executive Steve Rowe admitted to shareholders at its AGM that plans to close 110 of its stores are “not finite” and said the retailer is paying for “not shutting stores 10 or 20 years ago”. Marks and Spencer currently has plans to axe 85 full-line stores…
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May- 2019 -9 MaySupermarkets
Morrisons sales fall short of expectations in Q1
‘Big Four’ grocer Morrisons has seen a slowdown in sales growth for the 13 weeks to 5 May, with retail sales contributing only 0.2% to the total increase in group like-for-like (LFL) sales of 2.3%. The figure is lower than the 3.6% increase seen during the same quarter last year,…
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Mar- 2019 -18 MarchDepartment Stores
M&S to add full range of food products to more standard stores
Marks and Spencer has announced it is planning to add its full range of food products to its standard stores as it targets the family shopping trip. Currently only 12 of the retailer’s stores offer all 6,500 items in its food range, with the retailer’s Simply Food convenience stores deemed…
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8 MarchSupermarkets
Waitrose to close five stores affecting 440 jobs
Waitrose has announced it is to close five stores affecting 440 jobs, following a 45% decline in annual profit at operator John Lewis. The stores to close will be Torquay, Teignmouth, Blaby in Leicestershire, Barry in Vale of Glamorgan, and Ashbourne in Derbyshire. Grocery delivery firm Ocado recently dropped Waitrose…
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Feb- 2019 -27 FebruaryOnline & Digital
M&S signs £750m delivery deal with Ocado
Marks and Spencer has announced the creation of a new joint venture with online supermarket Ocado which the two companies say will “transform online grocery shopping for UK consumers”. Under the new venture, M&S is acquiring a 50% share of Ocado’s UK retail business, which will be supported by Ocado…
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22 FebruarySupermarkets
Asda named ‘worst’ for in-store and online offerings
‘Big Four’ grocer Asda has been rated as the worst supermarket for both its in-store and online offerings, according to a survey of 12,000 Which? members. According to the consumer association, Asda was left “languishing at the bottom” of both its in-store and online rankings, with scores of 56% and…
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7 FebruarySupermarkets
Ocado warehouse blaze leads to 7% shares drop
A fire which broke out at Ocado’s distribution warehouse in Andover has led to a 7% drop in the company’s shares. An Ocado statement on the London Stock Exchange said the site was providing approximately 10% of its current delivery capacity, and as a result of this incident there would…
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Dec- 2018 -13 DecemberOnline & Digital
Ocado’s 12% sales increase marks ‘good finish to the year’
Online supermarket Ocado has seen a 12% increase in revenue to £390.7m for the 13 weeks to 2 December in its Q4 financial results. This was compared to a revenue of £348.9m in the same period last year and the group said its growth was in line with its guidance…
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