Retailers/Ocado/News

Ocado news

08 December 2016
In Q4, Ocado has delivered a 13.1% increase in gross sales and achieved a 13.6% increase over the last 12 months. Strong sales and order growth In the 16 weeks to 27th November, average orders per week grew 17.6% to 241,000 in Q4 (Q4 2015: 205,000).  The growth in orders was being driven by both new and existing customers. Declining basket The average basket size decreased by 2.9% from co...
05 October 2016
Ocado has introduced its new 'Smart Home' section, which will sell smart home products alongside groceries. Smart home products available Ocado now sell smart home lighting, heating, security, home control and Wi-Fi range extenders. Products include Philips Hue lighting, Hive thermostats and TP-Link smart plugs, which can be controlled through mobile apps and  Amazon Echo .  Nelson Qia...
14 September 2016
Ocado has released its Q3 results for the 12 weeks to 7 August 2016. Retail sales rose by 13.6% with gross group sales ahead by 15.4% to £314m. Ocado is confident despite margin pressure The group's average orders per week continues to rise, reporting 18.9% growth compared to 226,000 from 190,000 last year, while the average order size fell by 3.4% to £107.94 from £111.75. Although sales an...
09 August 2016
Morrisons and Ocado have reached an agreement to roll out the Morrisons.com home delivery service across Britain using Ocado's infrastructure. Store pick solution to be developed The agreement will see Ocado develop a store pick solution, enabling Morrisons to expand the coverage of Morrisons.com into its north of England heartland, an area that is currently beyond the reach of Ocado's fulf...
28 June 2016
Ocado has delivered profits and sales growth but has yet to announce a highly anticipated international tie-up. The online grocer, has reported half-year pre-tax profits to £8.5m, from £7.2m during the same period a year earlier on revenue of £584.2m, up more than 15% year-on-year, boosted by Ocado's tie-up with Morrisons. However, there was little news about an anticipated similar deal...
15 March 2016
Ocado announced a 15.3% rise in gross group sales, and a 13.8% rise in gross retail sales. It saw a 16.9% rise in the average number of orders per week during its first-quarter trading for the 12 weeks to February 21, 2016, hitting a milestone delivering 250,000 orders a week for first time. They reported a slight fall in average order size of 2.9%, down from £114.72 to £111.41, which it att...
03 February 2016
Online grocer Ocado has delivered a second year of profits and growing customer numbers despite a very competitive environment in the UK grocery market. Revenue rose to £1.1bn in the year to November 29, from £948.9m in 2014. Pre-tax profits grew 65pc to £11.9m. Ocado processed more than 195,000 orders a week in 2015, up from 167,000 the year before, with the highest number of orders deli...
19 January 2016
The UK press has reported that there have been ‘rumours in the City’ that Amazon could be preparing to make an approach for Ocado, as part of its plans to launch a full grocery delivery service in the UK. According to sources quoted by The Daily Mail, the US online retailer has been working on a deal that would allow it to enter the UK market more cost-effectively, and potentially overcome one...
10 December 2015
Ocado has released solid Q4 results, with double digit growth impressive in an increasingly challenging market. Slower but still rapid double digit growth In the 16 weeks to November 29th, gross retail sales increased by 13.0% to £351.8m. While this is impressive in the context of a UK grocery market that is struggling to deliver any growth, it represents weakening sales growth for Ocado - ...
05 November 2015
Morrisons has reported a slightly more negative LFL sales trend but is confident that ongoing improvements to pricing and the shopping trip are feeding through into better customer satisfaction. Total ex-fuel sales were down -2.0% (-2.6% LFL) in the 13 weeks to November 1st. Vouchering and deflation impacting LFLs Commenting on trading trends in a call to investors, Morrisons highlighted bo...