Ocado Retail announced a decrease in revenue of (8)% to £1.1bn in its first half, 26 weeks to 29 May 2022. Average basket size down Ocado said the decline in its Retail business reflected tough comparatives post-pandemic as well as the rising cost-of-living in the UK. Average basket size in H1 was down (13)% to £120 from £138 in H1 2021. Ocado said this was driven by shoppers adding fewer i...

Ocado Retail has announced Melanie Smith CBE will leave the business in August after three years as Chief Executive. Instrumental in the formation of the joint venture Smith will leave Ocado Retail on 31 st August 2022. She was instrumental in forming Ocado’s 50-50 joint venture with M&S and has led it since it launched in 2019. Prior to this, Smith held the position of group strategy dire...

The latest release from Kantar, based on data from its 30,000-strong shopper panel, indicates, in the 12-weeks to 10 July 2022, total till roll consumer spend in Great Britain rose, very slightly, by 0.1% versus 2021. The market’s growth in the 12-week period saw it return to positive territory for the first time since April 2021. Inflation reaches second highest level ever recorded by Kantar ...