Retailers/Ocado/News

Ocado news

21 March 2018
Ocado revenue reached £363.4m in its first quarter, 13 weeks to 4th March. The company saw strong growth of 11.7%, however adverse weather in the final week had a negative impact, equivalent to almost 1% of sales over the quarter. Strong but declining basket size Average order size is still very strong at £110.45, with 280,000 orders being placed per week on average. Order size declined ...
08 March 2018
As the world’s largest online only supermarket, Ocado handles millions of online activities every minute as its customers navigate its website and apps, add items to their trolleys, choose delivery slots, and check out their orders. These interactions result in petabytes of data being collected in Ocado’s data bank stored in Google Cloud. The challenge One challenge facing any retailer o...
06 February 2018
Online grocery retailer Ocado has announced strong trading results for the year 2017. Ocado's retail revenue is up 12.4%, now at £1,317.4 million for the year. Strong retail performance As well as strong sales growth, EBITDA increased by 4.5% to £79.2 million. General Merchandise revenue has also seen an increase, growing by 35%. Average basket value stands at £107.20. Although this was ...
01 February 2018
Online retailer Ocado has announced the appointment of Luke Jensen to the board as executive director. The Ocado Solutions chief executive will take up his new position at the beginning of March. Key experience Luke Jensen joined Ocado in February 2017. He previously held the role of group development director at Sainsbury's, where he was responsible for all online and digital activities...
22 January 2018
Ocado has announced a partnership with Sobeys to develop its online grocery business in Canada. This is Ocado's first venture into North America, and the third international partnership for the Ocado Smart Platform. Exclusive partnership Sobeys is Canada's second largest food retailer, generating sales of C$23.8 billion in 2017. It operates more than 1,500 stores across the country under...
18 January 2018
Online grocery specialist Ocado is working with four academic institutions to develop a humanoid robot capable of assisting its warehouse maintenance technicians. The move to robotics is part of Ocado's plans to reduce reliance on human workers. A second pair of hands The ARMAR-6 robot prototype, dubbed SecondHands, has been designed to assist engineers. Using artificial intelligence, Se...
14 December 2017
Ocado's revenue increased 11.6% in its fourth quarter (14 weeks to 3rd December). This was slower than Q3 at 13.1% and a first half performance of 12.5%. Ocado is now delivering 280,000 orders on average per week, an increase of 11.1%. Its average basket size is £106.11, an increase of 0.3%. The larger basket size was driven by inflation and Ocado continues to face the challenge of shoppers us...
12 December 2017
The latest monthly release of 12-week data from Kantar Worldpanel, shows that the GB grocery market grew by 3.1% in the period to 3 December, slightly slower than seen in the November data.  However, by the Kantar measure, inflation has continued to accelerate, up to 3.6%, the highest level seen in the market since 2013, and indicating that overall volumes are slightly down on the year. Aldi r...
28 November 2017
Ocado has announced that France's Groupe Casino has agreed to use Ocado's Smart Platform. New CFC to serve Greater Paris, Normandie, and Hauts de France regions Ocado and Casino plan to open a customer fulfilment centre (CFC), equiped with Ocado's robotics and picking software to serve the Greater Paris Paris, Normandie and Hauts de France regions. Similar to the UK, the CFC will stock arou...
19 September 2017
For the quarter to 27 th August, revenue was up 13.1% to £312.7m compared to £312.7m in the same quarter last year. Customers ordering more frequently Average orders per week rose by 16% to 254,000. This represents the growing online channel, as more UK shoppers go online for their groceries. Ocado shoppers are shopping more often but favouring smaller basket sizes, with the average cus...