Ocado news

24 June 2021
As Sobeys lapped last year’s strong fourth quarter performance, sales and profitability declined. However, it delivered a strong two-year stacked performance and remains on-track with its growth initiatives, including the acceleration of its ecommerce business. Q4 and FY key numbers Q4 sales declined 1.3% to $6.9bn, with same-store sales down 6.1% Q4 two-year stacked same store-sales ...
23 June 2021
The GB market declined 1.6% in the 12 weeks to 13 June, according to the latest results from Kantar. Market growth declines but sales remain elevated This period saw restrictions ease further and the continuation of the vaccine programme rollout. However, as there has not been a complete return to normality this has created a mixed set of results. Despite the market declining, sales remaine...
26 May 2021
The latest results from M&S show a challenging year for the business as a whole. The retailer reported a pre-tax loss of £201m in the 52 weeks ending 27 March 2021, down from a £67m profit in its previous financial year. The retailer was significantly impacted by the pandemic, with clothing suffering the most. Food fared better, and although operating profit was down, it did see positive like-for...
25 May 2021
The GB market declined 0.4% in the 12 weeks to 16 May, according to the latest results from Kantar. The decline reflects the tough comparisons against record-breaking figures from 2020 and the beginning of the pandemic. Reduced restrictions and the roll out of the vaccination programme has further impacted sales, with shoppers starting to return to their pre-pandemic buying habits. Despite thi...
06 May 2021
We round up the latest online grocery news in the Nordics where: Sweden’s ICA has opened its first warehouse in partnership with Ocado Salling Group has launched online at its føtex banner in Copenhagen Salling Group has opened its first automated click and collect point Norway’s Kolonial has secured a €223m investment to rebrand and expand in Europe Many of these developme...
20 April 2021
Ocado has announced it is investing £10m in autonomous vehicle software from Oxbotica. Autonomous driving software Oxbotica was founded in 2014 by two Oxford University professors. The autonomous driving software company was the first in the UK to test self-driving vehicles in public. Ocado first partnered with Oxbotica in 2017, conducting a two-week trial using an early prototype delivery ...
19 April 2021
This month Kroger officially launched its new grocery delivery service via its first Customer Fulfillment Centre (CFC) powered by Ocado. With this new automated warehouse, Kroger has taken a different approach compared to most other major retailers in the US. But can this unique strategy enable Kroger to win in the competitive online channel? The Kroger and Ocado fulfilment model Back in Ma...
30 March 2021
The GB market grew 7.4% in the 12 weeks to 21 March, according to the latest results from Kantar. This period sees the annualisation of retailers’ performance against the record-breaking sales of March 2020, when the country went into its first lockdown. Sales over the most recent four weeks were down 3% versus last year, with shoppers making 117m fewer trips to the supermarket than in March 2020...
19 March 2021
Ocado's retail revenue grew by 40% to £599m in Q1, for the 13 weeks to 28 February 2021. The retailer has also launched a refresh of its private label range with a focus on reducing plastic and non-essential packaging components. Strong order size In Q1, retail sales grew faster in comparison to the previous quarter (+35%) driven by an increase in average order size to £147. This was due...
11 March 2021
We review Sobeys’ third quarter performance, and the factors underlying its continued strong performance, including its focus on data and analytics and strategic investments into the discount, supermarket and ecommerce channels. Key numbers Q3: Total sales increased by 9.7% to $7.0bn Same-store sales increased 10.7% Ecommerce sales increased 315% Net earnings increased 46.3% to ...