Retailers/Ocado/News

Ocado news

04 November 2022
Retail technology provider Ocado entered into an exclusive partnership with Lotte Shopping, the ecommerce arm of conglomerate Lotte Group. The partnership is aimed at boosting Lotte’s online grocery presence in Korea. Integrated platform for online shopping As part of the collaboration, Lotte plans to build six Customer Fulfilment Centres (CFCs) by 2025. These centres will use the Ocado Sma...
27 October 2022
Ocado has just announced a new partnership with Nigella Lawson.  Nigella will be working closely with the Ocado team, developing exclusive recipes that put value and taste at the heart. Prioritising value Ocado realise that now more than ever its shoppers need help sticking to a budget.  According to ShopperVista , 46% of shoppers claim to have a budget that they like to stick to when sh...
24 October 2022
Marks & Spencer is set to boost its Ocado food delivery business, with a review of the service currently underway. This is the latest step by Stuart Machin to increase Marks & Spencer’s share of the UK’s food spending in stores and online by more than 25% in the next five years. Alongside Hannah Gibson, the new Ocado Retail CEO, Machin is looking for ways to make the business more efficient. S...
13 October 2022
Stuart Machin’s nine point plan aims to accelerate M&S’s food growth and rebalance the overall business amid ongoing cost pressures. It ranges from cutting the cost base to improving the omnichannel experience. 10-15% increase in space for food While closure of 67 M&S department stores (including food) has made the headlines, the retailer is simultaneously planning to open 104 Simply Foo...
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...