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- 2024 -29 JulyNews
Today’s news in brief-29/7/24
Ted Baker is reportedly considering closing all its UK stores within weeks. After entering administration earlier this year, the fashion retailer has already shut 15 stores, resulting in job losses. The brand, now owned by Authentic Brands Group (ABG), is seeking a partner to manage its UK and Europe operations.…
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29 JulyOnline & Digital
Ocado boss plans to retain stake in M&S JV
Time Steiner, Ocado CEO, has reportedly announced that the group plans to retain its stake in Ocado Retail, its joint venture with Marks and Spencer (M&S), according to the Financial Times. In an interview with the FT Steiner said: “I don’t want to sell the other half right now, so…
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24 JulySupermarkets
Hot weather and Euros help boost grocery sales
Total Till sales at UK supermarkets improved +3.6% in the last four weeks ending 13 July 2024, up from 1.1% in the previous month, as the arrival of hot summer weather and the Euros helped boost performance, according to new data released today by NIQ. Promotions also helped to drive…
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16 JulyNews
Today’s news in brief-16/7/24
Ocado Group reported a significant improvement in financial performance for the first half of the fiscal year ending 2 June 2024. The company narrowed its losses to £154m from £290m in the same period last year. Group revenue rose by 12.6% to £1.5bn, driven by strong growth in its technology…
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16 JulyOnline & Digital
Ocado HY losses narrow to £154m
Ocado has revealed that its losses narrowed to £154m for the half year ended 2 June 2024, down from £290m in the same period last year. Overall, the company’s group revenue rose 12.6% to £1.5bn while its technology solutions arms saw an increase of 22%, its logistics arm saw a…
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9 JulyNews
Today’s news in brief-9/7/24
Amazon’s Coventry warehouse is at the centre of a groundbreaking union recognition ballot involving over 3,000 workers. If successful, this vote, set to conclude on July 13th with results expected by July 15th, could compel Amazon to negotiate with GMB Union on pay and working conditions. Concurrently, rallies are planned…
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9 JulyNews
Ocado to open third CFC with Aeon
Ocado has announced the continued expansion of its partnership with Aeon with plans to construct a third Customer Fulfilment Centre (CFC) in Kuki-Miyashiro, Japan. The grocer entered an exclusive partnership with Aeon in 2019 to develop the online operations of the Aeon Next grocery business using the Ocado Smart Platform…
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Jun- 2024 -18 JuneNews
Today’s news in brief-18/6/24
Supermarket sales in the UK saw a modest increase of just 1.0% for the four weeks to June 9, 2024, marking the slowest growth since June 2022. This sluggish performance is attributed to poor weather and falling inflation, with average shopper visits dropping slightly from 16.4 to 16.3 times compared…
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18 JuneSupermarkets
Supermarket sales slow in May as wet weather dampens visits
Take-home grocery sales rose by just 1.0% over the four weeks to 9 June 2024, marking the slowest increase since June 2022 as poor weather and falling inflation impacted the sector, according to the latest data from Kantar. Growth in footfall has also stalled, with the average shopper visiting a…
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May- 2024 -31 MayNews
Today’s news in brief-31/5/24
UK supermarkets experienced a 3.3% sales boost in May, attributed to a brief period of warm weather which saw increased sales in items such as ice cream, cider, pre-mixed alcoholic drinks, and mineral water. Visits to stores increased by 2.8%, adding 14.3m visits compared to the previous year, while online…
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