Retailers/Ocado/News

Ocado news

11 June 2019
Online retailer Ocado has announced it has invested £17m in the vertical farming industry. Newly emerging industry Ocado has announced plans to expand into food production with two complementary investments into the newly emerging vertical farming industry. Vertical farming is the production of food in indoor facilities where crops are grown on a series of levels in a precisely-controlle...
09 May 2019
Sobeys has revealed that its new grocery home delivery service, launched in partnership with Ocado, will be Voilà by Sobeys in Ontario and Voilà par IGA in Quebec. First customer fulfilment centre under construction Last year, Sobeys announced that it would partner with UK-based Ocado to launch an ecommerce service into the Ontario market. Sobeys is currently constructing a new customer ful...
09 May 2019
Morrisons has become the first of the Big Four to report Q1 numbers for the 2019/20 financial year and agreed new arrangements with Ocado that give it greater freedom to develop its online offer. Group LFL sales rose by 2.3% in the 13 weeks to May 5th (excluding fuel), its 14th consecutive quarter of growth. It also means Morrisons has now achieved four consecutive years of LFL growth on growth. ...
09 May 2019
Ocado has announced it has acquired a minority stake in robotics start-up Karakuri, that will enable the online retailer to use robotics for the preparation of ready-to-eat meals. Revolutionising the preparation of ready-to-eat meals Karakuri’s new machine can automate the assembly of ready-to-eat meals, using configurable, modular design that can be installed in-store or in dark kitchens. ...
02 April 2019
Growth slowed to 1.4% in the 12 weeks to 24th March, according to Kantar. This makes it the slowest growth rate since March 2018. Inflation edged up from 1.4% to 1.5% causing implied volumes to dip into negative territory. We look at the results in more detail. Seasonal changes impact growth Despite the uncertainty surrounding Brexit challenges have mainly come for retailers from changes to...
26 March 2019
Online retailer Ocado has announced a partnership with Coles to develop its online grocery business in Australia. This is the fifth international partnership for the Ocado Smart Platform in less than 18 months. Developing Coles’ online business Coles is one of Australia’s largest grocery retailers, generating sales of AU$39.4bn in 2018. It operates 818 supermarkets across the country. The r...
19 March 2019
Ocado revenue reached £404m in its first quarter, 13 weeks to 3rd March 2019. The company saw strong growth of 11.2%, however this was impacted by a fire at its Andover Customer Fulfilment Centre (CFC) in February, equivalent to almost 1.2% of sales over the quarter. Strong basket size Order size declined by 0.2%, whilst still strong at £110.24. Ocado’s average orders per week are up 11....
27 February 2019
M&S will acquire a 50% share in Ocado's UK retail business for £750m. Ocado's commercial agreement with Waitrose will come to an end in 2020. Details of the deal M&S will pay up to £750m for its stake: £562.5m on completion and up to £187.5m plus interest after five years This will be funded by selling £600m shares and cutting dividends to shareholders The transaction is expected t...
20 February 2019
Kroger and Ocado will open the second and third of 20 Customer Fulfillment Centres (CFC) in Central Florida and Mid-Atlantic. Optimising new technologies Ecommerce has been a major focus for Kroger over the last year. In 2018, Kroger announced a strategic partnership with Ocado which will see them jointly develop up to 20 automated fulfilment centres for grocery ecommerce in the US. These w...
18 February 2019
The UK’s Groceries Code Adjudicator, Christine Tacon, has today (18 February) launched her annual survey, inviting suppliers to share their experiences of trading relationships with major retailers and highlight any issues they are facing.   This year the survey – the sixth carried out by the GCA - includes Ocado and B&M, which were designated by the Competition and Markets Authority in Novemb...