Ocado news

13 September 2022
Ocado Retail has announced an increase in revenue of 2.7% to £532m in its third quarter, 13 weeks to 28 th August 2022. However, the retailer now expects a small sales decline in FY22. Strong customer growth, but shoppers seeking value online Ocado announced record numbers of new customers, with active customer numbers growing 23% year-on-year (YoY) to 946,000. This saw an increase in aver...
21 July 2022
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...
19 July 2022
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...
19 July 2022
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 ...
24 June 2022
We look at Sobeys’ fourth quarter performance and consider what’s next for the business as it moves into the final year of Project Horizon, its three-year, growth-focused plan. Q4 and FY key numbers Total sales increased 13.3% to $7,841m, underpinned by the acquisition of Longo’s and an extra trading week (53-week calendar) Q4 same-store sales (ex-fuel) decreased by 2.5%, reflecting e...
22 June 2022
As the largest supermarket retailer in the US, Kroger’s performance provides a great indication of what’s happening across the wider industry. We look at the retailer’s first quarter performance and the value its generating through its fresh, private label, personalisation and digital strategic initiatives. Inflation expected to be higher than originally anticipated Kroger’s first quarter s...
21 June 2022
The latest release from Kantar, based on data from its 30,000-strong shopper panel, indicates that in the 12-weeks to 12 June 2022 total till roll consumer spend in Great Britain fell by 1.9% versus 2021. While the market contracted over the 12-week period it was its best performance since October 2021 and the data showed it grew by 0.4% over the latest four-week timeframe. Inflation begins to...
10 May 2022
A round up of the latest developments in quick commerce. Unilever has partnered with on-demand automated store operator Robomart to launch a direct-to-consumer (D2C) service. Operators are focusing on expansion plans with Ocado launching its latest Zoom by Ocado site in East London and Zepto raising $200m to expand across India. Unilever signs deal with autonomous store operator Robomart ...
26 April 2022
The latest release from the insight business Kantar, based on data from its 30,000-strong shopper panel, indicates that in the 12-weeks to 17 April 2022 grocery retail spend in Great Britain fell by 0.6% versus 2020. This is the first time since the beginning of the pandemic that this comparative has been negative, showing once again the impact the first lockdown had on boosting the sector. Compa...
17 March 2022
Ocado Retail has announced a decrease in revenue of (5.7)% to £564.7m in its first quarter, 13 weeks to 27 th February 2022. Customer growth but declining basket Ocado’s active customer base increased by 31% year-on-year (YoY) to 835,000. Order numbers also grew to 367,500 per week, an increase of 11.6% compared to Q1 2021. The value of the average basket fell (15)% YoY to £124. This re...